Landscape Capital Management L.L.C. Has $4.68 Million Position in Driven Brands Holdings Inc. $DRVN

Key Points

• Landscape Capital Management L.L.C. increased its holdings in Driven Brands Holdings Inc. by 288.3%, owning 273,080 shares worth approximately $4.68 million after acquiring 202,747 shares in the recent quarter.
• Driven Brands reported Q2 earnings of $0.36 EPS, exceeding analysts' expectations of $0.34, with quarterly revenue increasing 6.2% year-over-year to $550.99 million.
• The stock currently trades at $18.38, with a market cap of $3.02 billion and a consensus analyst rating of "Moderate Buy", reflecting positive outlook among investors.

Landscape Capital Management L.L.C. raised its position in Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) by 288.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 273,080 shares of the company's stock after purchasing an additional 202,747 shares during the period. Landscape Capital Management L.L.C. owned approximately 0.17% of Driven Brands worth $4,681,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Summit Securities Group LLC acquired a new position in shares of Driven Brands in the first quarter valued at approximately $72,000. XTX Topco Ltd acquired a new position in shares of Driven Brands in the first quarter valued at approximately $182,000. LPL Financial LLC acquired a new position in shares of Driven Brands in the fourth quarter valued at approximately $178,000. BNP Paribas Financial Markets acquired a new position in Driven Brands during the fourth quarter worth $205,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Driven Brands during the first quarter worth $245,000. Institutional investors and hedge funds own 77.08% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on DRVN shares. Canaccord Genuity Group increased their target price on shares of Driven Brands from $23.00 to $24.00 and gave the stock a "buy" rating in a report on Friday, June 27th. JPMorgan Chase & Co. upgraded shares of Driven Brands from a "neutral" rating to an "overweight" rating and increased their target price for the stock from $17.00 to $23.00 in a report on Wednesday, August 6th. Zacks Research upgraded shares of Driven Brands to a "hold" rating in a report on Friday, August 8th. The Goldman Sachs Group started coverage on shares of Driven Brands in a report on Tuesday, June 3rd. They set a "neutral" rating and a $20.00 target price for the company. Finally, Wall Street Zen cut shares of Driven Brands from a "buy" rating to a "hold" rating in a report on Saturday, August 9th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $21.60.

Driven Brands Price Performance

Driven Brands stock traded up $0.32 during trading hours on Tuesday, reaching $18.74. 229,456 shares of the stock were exchanged, compared to its average volume of 709,261. The company has a market cap of $3.08 billion, a P/E ratio of -11.02, a price-to-earnings-growth ratio of 1.11 and a beta of 1.09. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 2.82. Driven Brands Holdings Inc. has a twelve month low of $13.35 and a twelve month high of $18.96. The stock has a 50 day moving average of $17.41 and a two-hundred day moving average of $17.09.

Driven Brands (NASDAQ:DRVN - Get Free Report) last announced its quarterly earnings data on Tuesday, August 5th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. The firm had revenue of $550.99 million for the quarter, compared to the consensus estimate of $540.12 million. Driven Brands had a negative net margin of 12.32% and a positive return on equity of 21.17%. The business's revenue for the quarter was up 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.35 earnings per share. Driven Brands has set its FY 2025 guidance at 1.150-1.25 EPS. Equities analysts expect that Driven Brands Holdings Inc. will post 0.85 EPS for the current fiscal year.

Driven Brands 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.