Quantinno Capital Management LP Buys 14,699 Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN)

Quantinno Capital Management LP increased its stake in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) by 21.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,469 shares of the company's stock after acquiring an additional 14,699 shares during the period. Quantinno Capital Management LP owned about 0.05% of Driven Brands worth $1,363,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. raised its holdings in Driven Brands by 600.5% during the fourth quarter. Blue Trust Inc. now owns 9,198 shares of the company's stock worth $148,000 after acquiring an additional 7,885 shares in the last quarter. LPL Financial LLC bought a new stake in Driven Brands during the fourth quarter worth about $178,000. BNP Paribas Financial Markets bought a new stake in Driven Brands during the fourth quarter worth about $205,000. SBI Securities Co. Ltd. bought a new stake in Driven Brands during the fourth quarter worth about $215,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Driven Brands during the fourth quarter worth about $216,000. Institutional investors own 77.08% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Robert W. Baird set a $25.00 price target on Driven Brands in a research report on Thursday, March 13th. 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. 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. Finally, Benchmark assumed coverage on Driven Brands in a research report on Friday, April 4th. They set a "buy" rating and a $22.00 price target on the stock. Four 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's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $20.78.

Driven Brands Price Performance

Driven Brands stock opened at $17.65 on Friday. Driven Brands Holdings Inc. has a 12 month low of $10.64 and a 12 month high of $18.72. The stock's 50 day moving average is $16.97 and its 200-day moving average is $16.53. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 2.84. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 441.25, a PEG ratio of 0.79 and a beta of 1.10.

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

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