Seven Six Capital Management LLC Invests $2.43 Million in Driven Brands Holdings Inc. (NASDAQ:DRVN)

Seven Six Capital Management LLC purchased a new stake in Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 150,600 shares of the company's stock, valued at approximately $2,431,000. Driven Brands makes up about 2.1% of Seven Six Capital Management LLC's investment portfolio, making the stock its 22nd biggest holding. Seven Six Capital Management LLC owned about 0.09% of Driven Brands at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Blue Trust Inc. raised its position 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 buying an additional 7,885 shares in the last quarter. LPL Financial LLC bought a new position in 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 valued at approximately $205,000. SBI Securities Co. Ltd. bought a new stake in Driven Brands during the fourth quarter worth $215,000. Finally, KLP Kapitalforvaltning AS bought a new stake in Driven Brands during the fourth quarter worth $216,000. Institutional investors own 77.08% of the company's stock.

Driven Brands Trading Down 0.3%

Shares of Driven Brands stock traded down $0.06 during trading on Thursday, hitting $17.79. The company's stock had a trading volume of 78,365 shares, compared to its average volume of 788,283. The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 444.75, a price-to-earnings-growth ratio of 0.79 and a beta of 1.10. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.90 and a quick ratio of 1.72. Driven Brands Holdings Inc. has a 52 week low of $10.64 and a 52 week high of $18.72. The stock has a 50-day moving average price of $16.96 and a two-hundred day moving average price of $16.51.

Driven Brands (NASDAQ:DRVN - Get Free Report) last announced 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 business had revenue of $516.16 million for the quarter, compared to analysts' expectations of $492.19 million. During the same period in the prior year, the business posted $0.23 earnings per share. The firm's revenue was up 7.1% on a year-over-year basis. Equities research analysts anticipate that Driven Brands Holdings Inc. will post 0.85 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DRVN. 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 report on Wednesday, May 7th. Benchmark started coverage on Driven Brands in a research report on Friday, April 4th. They issued a "buy" rating and a $22.00 target price on the stock. Robert W. Baird set a $25.00 target price on shares of Driven Brands in a report on Thursday, March 13th. BMO Capital Markets raised their price target on shares of Driven Brands from $15.00 to $16.00 and gave the company a "market perform" rating in a research note on Wednesday, February 26th. Finally, Piper Sandler upped their price objective on shares of Driven Brands from $19.00 to $22.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Driven Brands currently has an average rating of "Moderate Buy" and an average price target of $20.78.

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.