Gallo Partners LP Takes $1.32 Million Position in Driven Brands Holdings Inc. (NASDAQ:DRVN)

Gallo Partners LP acquired a new position in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 81,642 shares of the company's stock, valued at approximately $1,318,000.

A number of other large investors have also recently bought and sold shares of DRVN. Barclays PLC boosted its position in shares of Driven Brands by 36.0% during the 3rd quarter. Barclays PLC now owns 205,068 shares of the company's stock worth $2,928,000 after acquiring an additional 54,277 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of Driven Brands by 47.2% during the 4th quarter. SG Americas Securities LLC now owns 13,720 shares of the company's stock worth $221,000 after buying an additional 4,399 shares during the last quarter. Blue Trust Inc. boosted its stake in Driven Brands by 600.5% in the fourth quarter. Blue Trust Inc. now owns 9,198 shares of the company's stock valued at $148,000 after buying an additional 7,885 shares in the last quarter. Emeth Value Capital LLC bought a new position in Driven Brands in the fourth quarter valued at about $41,452,000. Finally, Handelsbanken Fonder AB raised its stake in Driven Brands by 24.6% during the fourth quarter. Handelsbanken Fonder AB now owns 24,300 shares of the company's stock worth $392,000 after acquiring an additional 4,800 shares in the last quarter. 77.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on DRVN. BMO Capital Markets boosted their target price on shares of Driven Brands from $15.00 to $16.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 26th. Robert W. Baird set a $25.00 price target on Driven Brands in a research note on Thursday, March 13th. Piper Sandler raised their price objective on shares of Driven Brands from $19.00 to $22.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Benchmark assumed coverage on shares of Driven Brands in a report on Friday, April 4th. They set a "buy" rating and a $22.00 target price on the stock. Finally, Canaccord Genuity Group raised their price target on shares of Driven Brands from $21.00 to $23.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $20.50.

Driven Brands Trading Up 1.3 %

DRVN traded up $0.23 during trading on Monday, reaching $17.36. 223,571 shares of the stock traded hands, compared to its average volume of 826,200. The stock's 50-day moving average is $16.57 and its 200 day moving average is $16.21. Driven Brands Holdings Inc. has a 12 month low of $10.64 and a 12 month high of $18.01. The company has a quick ratio of 1.72, a current ratio of 1.90 and a debt-to-equity ratio of 2.84. The stock has a market capitalization of $2.85 billion, a PE ratio of 434.00, a P/E/G ratio of 0.79 and a beta of 1.10.

Driven Brands (NASDAQ:DRVN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.17 by $0.13. Driven Brands had a net margin of 0.27% and a return on equity of 14.86%. The company had revenue of $564.12 million during the quarter, compared to the consensus estimate of $572.95 million. During the same quarter last year, the firm posted $0.19 EPS. The company's quarterly revenue was up 1.9% on a year-over-year basis. Equities analysts anticipate that Driven Brands Holdings Inc. will post 0.85 earnings per share for the current 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.