150,600 Shares in Driven Brands Holdings Inc. (NASDAQ:DRVN) Acquired by Seven Six Capital Management LLC

Seven Six Capital Management LLC acquired a new position in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 150,600 shares of the company's stock, valued at approximately $2,431,000. Driven Brands makes up 2.1% of Seven Six Capital Management LLC's holdings, making the stock its 22nd biggest holding. Seven Six Capital Management LLC owned approximately 0.09% of Driven Brands as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. lifted its stake in shares of Driven Brands by 600.5% in the 4th quarter. Blue Trust Inc. now owns 9,198 shares of the company's stock valued at $148,000 after purchasing an additional 7,885 shares during the period. LPL Financial LLC acquired a new position in shares of Driven Brands in the 4th quarter valued at $178,000. BNP Paribas Financial Markets acquired a new position in shares of Driven Brands in the 4th quarter valued at $205,000. SBI Securities Co. Ltd. acquired a new position in shares of Driven Brands in the 4th quarter valued at $215,000. Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Driven Brands in the 4th quarter valued at $216,000. 77.08% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on DRVN shares. The Goldman Sachs Group increased their price target on Driven Brands from $16.00 to $20.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. lifted their target price on Driven Brands from $14.50 to $17.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Robert W. Baird set a $25.00 target price on Driven Brands in a report on Thursday, March 13th. Canaccord Genuity Group lifted their target price on Driven Brands from $21.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. Finally, Piper Sandler lifted their target price on Driven Brands from $19.00 to $22.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. Three 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. Based on data from MarketBeat.com, Driven Brands has an average rating of "Moderate Buy" and a consensus target price of $20.78.

Driven Brands Stock Up 1.3%

Shares of NASDAQ:DRVN traded up $0.24 during midday trading on Tuesday, reaching $18.39. The company had a trading volume of 475,620 shares, compared to its average volume of 805,862. 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 business's 50 day moving average price is $16.91 and its 200 day moving average price is $16.48. The stock has a market cap of $3.02 billion, a PE ratio of 459.75, a P/E/G ratio of 0.79 and a beta of 1.10. Driven Brands Holdings Inc. has a 1-year low of $10.64 and a 1-year high of $18.72.

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