Cresset Asset Management LLC Has $214,000 Stock Holdings in Driven Brands Holdings Inc. (NASDAQ:DRVN)

Cresset Asset Management LLC trimmed its position in Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) by 73.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,277 shares of the company's stock after selling 37,480 shares during the quarter. Cresset Asset Management LLC's holdings in Driven Brands were worth $214,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. North Peak Capital Management LLC grew its stake in Driven Brands by 8.6% during the 4th quarter. North Peak Capital Management LLC now owns 5,756,217 shares of the company's stock worth $92,905,000 after buying an additional 457,217 shares during the last quarter. Vanguard Group Inc. grew its stake in Driven Brands by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 5,708,430 shares of the company's stock worth $92,134,000 after buying an additional 31,431 shares during the last quarter. Bamco Inc. NY grew its stake in Driven Brands by 35.7% during the 4th quarter. Bamco Inc. NY now owns 4,750,000 shares of the company's stock worth $76,665,000 after buying an additional 1,250,000 shares during the last quarter. Emeth Value Capital LLC bought a new position in Driven Brands during the 4th quarter worth $41,452,000. Finally, Dimensional Fund Advisors LP grew its stake in Driven Brands by 54.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,186,095 shares of the company's stock worth $19,141,000 after buying an additional 416,744 shares during the last quarter. 77.08% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on DRVN shares. Benchmark started coverage on Driven Brands in a research note on Friday, April 4th. They set a "buy" rating and a $22.00 price objective for the company. The Goldman Sachs Group boosted their price target on Driven Brands from $16.00 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Canaccord Genuity Group boosted their price target on Driven Brands from $21.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Robert W. Baird set a $25.00 price target on Driven Brands in a research report on Thursday, March 13th. Finally, JPMorgan Chase & Co. boosted their price target on Driven Brands from $14.50 to $17.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $20.78.

Driven Brands Price Performance

Shares of Driven Brands stock traded down $0.20 during trading on Thursday, hitting $17.65. The stock had a trading volume of 441,192 shares, compared to its average volume of 789,706. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.90 and a quick ratio of 1.72. The firm has a market cap of $2.90 billion, a P/E ratio of 441.25, a PEG ratio of 0.79 and a beta of 1.10. The business has a fifty day moving average of $16.96 and a two-hundred day moving average of $16.51. Driven Brands Holdings Inc. has a fifty-two week low of $10.64 and a fifty-two week high of $18.72.

Driven Brands (NASDAQ:DRVN - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.04. The business had revenue of $516.16 million during the quarter, compared to analyst estimates of $492.19 million. Driven Brands had a return on equity of 14.86% and a net margin of 0.27%. The company's revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 earnings per share. On average, sell-side analysts expect that Driven Brands Holdings Inc. will post 0.85 earnings per share for the current fiscal year.

About Driven Brands

Driven Brands Holdings Inc, together with its subsidiaries, provides automotive services to retail and commercial customers in the United States, Canada, and internationally. It offers various services, such as paint, collision, glass, repair, car wash, oil change, and maintenance services. The company also distributes automotive parts, including radiators, air conditioning components, and exhaust products to automotive repair shops, auto parts stores, body shops, and other auto repair outlets; windshields and glass accessories through a network of distribution centers; and consumable products, such as oil filters and wiper blades, as well as training services to repair and maintenance, and paint and collision shops.