Yorktown Management & Research Co Inc Makes New $255,000 Investment in Driven Brands Holdings Inc. (NASDAQ:DRVN)

Yorktown Management & Research Co Inc bought a new stake in Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 14,850 shares of the company's stock, valued at approximately $255,000.

A number of other large investors have also added to or reduced their stakes in DRVN. LPL Financial LLC acquired a new stake in Driven Brands during the fourth quarter worth approximately $178,000. BNP Paribas Financial Markets acquired a new stake in Driven Brands during the fourth quarter worth approximately $205,000. SBI Securities Co. Ltd. acquired a new stake in Driven Brands during the fourth quarter worth approximately $215,000. KLP Kapitalforvaltning AS acquired a new stake in Driven Brands during the fourth quarter worth approximately $216,000. Finally, ExodusPoint Capital Management LP acquired a new stake in Driven Brands during the fourth quarter worth approximately $230,000. Institutional investors and hedge funds own 77.08% of the company's stock.

Driven Brands Price Performance

DRVN traded up $0.21 on Friday, reaching $17.45. The stock had a trading volume of 648,622 shares, compared to its average volume of 732,134. Driven Brands Holdings Inc. has a fifty-two week low of $12.24 and a fifty-two week high of $18.72. The firm has a 50-day moving average of $17.40 and a 200-day moving average of $16.68. The company has a current ratio of 1.47, a quick ratio of 1.33 and a debt-to-equity ratio of 4.07. The company has a market capitalization of $2.87 billion, a price-to-earnings ratio of -9.64, a price-to-earnings-growth ratio of 0.99 and a beta of 1.11.

Driven Brands (NASDAQ:DRVN - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. Driven Brands had a positive return on equity of 19.61% and a negative net margin of 12.75%. The business had revenue of $516.16 million during the quarter, compared to analysts' expectations of $492.19 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The business's revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Driven Brands Holdings Inc. will post 0.85 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on DRVN shares. The Goldman Sachs Group started coverage on Driven Brands in a research note on Tuesday, June 3rd. They set a "neutral" rating and a $20.00 target price for the company. Canaccord Genuity Group upped their target price on Driven Brands from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Friday. Benchmark started coverage on Driven Brands in a research note on Friday, April 4th. They set a "buy" rating and a $22.00 target price for the company. Robert W. Baird set a $25.00 target price on Driven Brands in a research note on Thursday, March 13th. Finally, Wall Street Zen cut Driven Brands from a "buy" rating to a "hold" rating in a research note on Friday. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $20.89.

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.