Tudor Investment Corp ET AL Decreases Stake in Driven Brands Holdings Inc. (NASDAQ:DRVN)

Tudor Investment Corp ET AL trimmed its holdings in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) by 89.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,957 shares of the company's stock after selling 130,567 shares during the quarter. Tudor Investment Corp ET AL's holdings in Driven Brands were worth $258,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD grew its stake in shares of Driven Brands by 20.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,760 shares of the company's stock worth $384,000 after acquiring an additional 3,952 shares in the last quarter. MetLife Investment Management LLC lifted its holdings in shares of Driven Brands by 5.7% in the fourth quarter. MetLife Investment Management LLC now owns 37,161 shares of the company's stock worth $600,000 after buying an additional 2,003 shares in the last quarter. North Peak Capital Management LLC boosted its position in shares of Driven Brands by 8.6% in the fourth quarter. North Peak Capital Management LLC now owns 5,756,217 shares of the company's stock valued at $92,905,000 after acquiring an additional 457,217 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Driven Brands by 54.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,186,095 shares of the company's stock valued at $19,141,000 after acquiring an additional 416,744 shares during the period. Finally, First Trust Advisors LP raised its stake in Driven Brands by 130.0% in the fourth quarter. First Trust Advisors LP now owns 171,359 shares of the company's stock valued at $2,766,000 after purchasing an additional 96,850 shares in the last quarter. Institutional investors and hedge funds own 77.08% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on DRVN shares. Benchmark started coverage on shares of Driven Brands in a research note on Friday, April 4th. They set a "buy" rating and a $22.00 price target on the stock. JPMorgan Chase & Co. boosted their target price on shares of Driven Brands from $14.50 to $17.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Canaccord Genuity Group boosted their target price on shares of Driven Brands from $21.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, February 26th. Robert W. Baird set a $25.00 price target on Driven Brands in a research report on Thursday, March 13th. Finally, The Goldman Sachs Group boosted their target price on Driven Brands from $16.00 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $20.78.

Driven Brands Stock Performance

DRVN stock traded up $0.26 during trading on Monday, hitting $17.94. 542,912 shares of the company traded hands, compared to its average volume of 820,596. The company has a market cap of $2.95 billion, a PE ratio of 448.50, 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. The stock's 50-day simple moving average is $16.72 and its 200 day simple moving average is $16.36. 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 (NASDAQ:DRVN - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.23 by $0.04. The company 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%. The company's revenue for the quarter 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. On average, equities analysts expect that Driven Brands Holdings Inc. will post 0.85 earnings per share 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.