UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Raises Stock Position in Driven Brands Holdings Inc. (NASDAQ:DRVN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) by 27.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 113,515 shares of the company's stock after purchasing an additional 24,112 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.07% of Driven Brands worth $1,832,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Driven Brands by 3.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,104 shares of the company's stock valued at $550,000 after buying an additional 1,079 shares during the last quarter. MetLife Investment Management LLC increased its holdings in shares of Driven Brands by 5.7% during the fourth quarter. MetLife Investment Management LLC now owns 37,161 shares of the company's stock valued at $600,000 after acquiring an additional 2,003 shares in the last quarter. Legal & General Group Plc raised its position in shares of Driven Brands by 5.5% in the 4th quarter. Legal & General Group Plc now owns 73,791 shares of the company's stock valued at $1,191,000 after purchasing an additional 3,833 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Driven Brands by 20.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,760 shares of the company's stock worth $384,000 after purchasing an additional 3,952 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Driven Brands by 0.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 496,073 shares of the company's stock worth $8,007,000 after purchasing an additional 4,062 shares in the last quarter. Institutional investors and hedge funds own 77.08% of the company's stock.

Analyst Ratings Changes

DRVN has been the subject of a number of research analyst reports. JPMorgan Chase & Co. raised their price target on shares of Driven Brands from $14.50 to $17.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. The Goldman Sachs Group started coverage on Driven Brands in a research report on Tuesday, June 3rd. They set a "neutral" rating and a $20.00 price target for the company. Benchmark started coverage on Driven Brands in a report on Friday, April 4th. They issued a "buy" rating and a $22.00 price objective on the stock. Wall Street Zen raised Driven Brands from a "hold" rating to a "buy" rating in a report on Saturday. Finally, Canaccord Genuity Group raised their price target on shares of Driven Brands from $21.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Driven Brands currently has a consensus rating of "Moderate Buy" and an average price target of $20.78.

Driven Brands Stock Performance

NASDAQ DRVN traded down $0.13 during mid-day trading on Monday, reaching $18.23. 706,037 shares of the stock were exchanged, compared to its average volume of 777,720. The company has a market capitalization of $2.99 billion, a P/E ratio of 455.75, a P/E/G ratio of 0.79 and a beta of 1.11. The company has a debt-to-equity ratio of 2.84, a quick ratio of 1.72 and a current ratio of 1.90. The business's 50 day moving average is $17.03 and its 200-day moving average is $16.63. Driven Brands Holdings Inc. has a 1 year low of $10.88 and a 1 year high of $18.72.

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

Driven Brands Company Profile

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.