Driven Brands Holdings Inc. $DRVN Stock Holdings Boosted by Pullen Investment Management LLC

Pullen Investment Management LLC increased its position in Driven Brands Holdings Inc. (NASDAQ:DRVN) by 141.4% during the first quarter, Holdings Channel reports. The fund owned 195,239 shares of the company’s stock after purchasing an additional 114,345 shares during the quarter. Pullen Investment Management LLC’s holdings in Driven Brands were worth $2,462,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the company. Boston Partners boosted its stake in Driven Brands by 1,301.0% during the 4th quarter. Boston Partners now owns 3,426,388 shares of the company’s stock valued at $50,783,000 after purchasing an additional 3,181,812 shares during the period. AustralianSuper Pty Ltd bought a new position in Driven Brands in the 3rd quarter worth about $44,645,000. Simcoe Capital Management LLC acquired a new stake in shares of Driven Brands in the third quarter valued at approximately $33,911,000. North Peak Capital Management LLC increased its stake in shares of Driven Brands by 37.3% in the fourth quarter. North Peak Capital Management LLC now owns 3,990,850 shares of the company’s stock valued at $59,144,000 after purchasing an additional 1,083,896 shares during the period. Finally, Qube Research & Technologies Ltd acquired a new stake in shares of Driven Brands in the third quarter valued at approximately $12,599,000. 77.08% of the stock is currently owned by institutional investors.

Driven Brands Price Performance

DRVN opened at $12.68 on Friday. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.25 and a current ratio of 1.38. The company has a market capitalization of $2.09 billion, a PE ratio of 11.32 and a beta of 0.97. The stock’s fifty day moving average is $13.19 and its 200-day moving average is $13.87. Driven Brands Holdings Inc. has a one year low of $9.80 and a one year high of $19.74.

Driven Brands (NASDAQ:DRVN) last announced its earnings results on Thursday, June 11th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.06. The business had revenue of $484.44 million during the quarter, compared to analysts’ expectations of $480.84 million. Driven Brands had a return on equity of 25.70% and a net margin of 9.08%.The company’s quarterly revenue was down 6.2% on a year-over-year basis. During the same quarter last year, the business posted $0.27 earnings per share. On average, equities analysts predict that Driven Brands Holdings Inc. will post 1.05 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DRVN. Zacks Research upgraded Driven Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 19th. BMO Capital Markets lowered their target price on Driven Brands from $18.00 to $14.00 and set a “market perform” rating on the stock in a research report on Thursday, May 21st. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $14.75 target price on shares of Driven Brands in a research note on Wednesday, May 20th. BTIG Research reiterated a “buy” rating and set a $17.00 price target on shares of Driven Brands in a research report on Friday, June 12th. Finally, Freedom Capital raised Driven Brands to a “strong-buy” rating in a research note on Monday, March 23rd. Two analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $17.18.

Driven Brands Company Profile

Driven Brands Holdings Inc (NASDAQ: DRVN) is a leading North American provider of automotive aftermarket services, operating through a network of franchised and company-owned locations. The company’s platform encompasses a diverse portfolio of car care and maintenance brands, including Meineke Car Care Centers, Maaco Collision Repair & Auto Painting, Take 5 Oil Change, and Carstar Collision Repair. Driven Brands delivers a full range of services from routine maintenance and oil changes to collision repair, paint protection, and vehicle customization.

Headquartered in Charlotte, North Carolina, Driven Brands serves both individual consumers and commercial clients across the United States and Canada.