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

Tudor Investment Corp ET AL lowered its position in Driven Brands Holdings Inc. (NASDAQ:DRVN) by 89.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

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

Driven Brands Stock Down 2.2 %

Shares of Driven Brands stock opened at $17.69 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.90 and a debt-to-equity ratio of 2.84. Driven Brands Holdings Inc. has a twelve month low of $10.64 and a twelve month high of $18.72. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 442.25, a price-to-earnings-growth ratio of 0.79 and a beta of 1.10. The company’s 50 day moving average is $16.69 and its 200 day moving average is $16.31.

Driven Brands (NASDAQ:DRVN) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $492.19 million. Driven Brands had a return on equity of 14.86% and a net margin of 0.27%. Driven Brands’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 earnings per share. Research analysts anticipate that Driven Brands Holdings Inc. will post 0.85 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. The Goldman Sachs Group increased 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. Benchmark began coverage on shares of 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 price objective on shares of Driven Brands in a report on Thursday, March 13th. BMO Capital Markets boosted their price target on Driven Brands from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. lifted their price objective on Driven Brands from $14.50 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, February 26th. Three equities research 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’s stock. According to MarketBeat.com, Driven Brands has a consensus rating of “Moderate Buy” and an average price target of $20.78.

Driven Brands 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.