WINTON GROUP Ltd Invests $325,000 in Driven Brands Holdings Inc. (NASDAQ:DRVN)

WINTON GROUP Ltd acquired a new position in shares of Driven Brands Holdings Inc. (NASDAQ:DRVNGet Rating) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,812 shares of the company’s stock, valued at approximately $325,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. MetLife Investment Management LLC acquired a new position in shares of Driven Brands during the 1st quarter worth about $28,000. James Investment Research Inc. acquired a new position in shares of Driven Brands during the 2nd quarter worth about $44,000. Covestor Ltd boosted its position in shares of Driven Brands by 1,790.0% during the 1st quarter. Covestor Ltd now owns 3,780 shares of the company’s stock worth $99,000 after acquiring an additional 3,580 shares in the last quarter. Quent Capital LLC boosted its position in shares of Driven Brands by 3,612.2% during the 2nd quarter. Quent Capital LLC now owns 4,863 shares of the company’s stock worth $134,000 after acquiring an additional 4,732 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Driven Brands in the 1st quarter valued at about $128,000. 33.09% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DRVN. Piper Sandler boosted their target price on Driven Brands from $40.00 to $41.00 and gave the company an “overweight” rating in a report on Monday, October 10th. The Goldman Sachs Group boosted their target price on Driven Brands from $29.00 to $33.00 and gave the company a “neutral” rating in a report on Thursday, October 27th. Finally, Morgan Stanley reduced their target price on Driven Brands from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, October 27th.

Insider Buying and Selling at Driven Brands

In other Driven Brands news, Director Neal K. Aronson sold 7,000,000 shares of the company’s stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $32.19, for a total transaction of $225,330,000.00. Following the completion of the sale, the director now directly owns 32,758,952 shares of the company’s stock, valued at approximately $1,054,510,664.88. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Neal K. Aronson sold 7,000,000 shares of the stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $32.19, for a total transaction of $225,330,000.00. Following the completion of the transaction, the director now directly owns 32,758,952 shares of the company’s stock, valued at approximately $1,054,510,664.88. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Rc Iv Cayman Icw Holdings Llc sold 2,257,203 shares of the stock in a transaction that occurred on Thursday, September 15th. The stock was sold at an average price of $32.19, for a total value of $72,659,364.57. Following the transaction, the insider now directly owns 14,056,415 shares of the company’s stock, valued at $452,475,998.85. The disclosure for this sale can be found here. 2.60% of the stock is owned by company insiders.

Driven Brands Stock Up 1.0 %

DRVN opened at $30.81 on Monday. The business has a 50 day moving average price of $30.91 and a two-hundred day moving average price of $29.84. The company has a quick ratio of 0.98, a current ratio of 1.11 and a debt-to-equity ratio of 1.70. The company has a market cap of $5.16 billion, a PE ratio of -220.06, a P/E/G ratio of 1.53 and a beta of 0.78. Driven Brands Holdings Inc. has a 52 week low of $24.62 and a 52 week high of $35.45.

Driven Brands (NASDAQ:DRVNGet Rating) last posted its quarterly earnings data on Wednesday, October 26th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.27 by $0.05. The firm had revenue of $516.59 million during the quarter, compared to the consensus estimate of $495.05 million. Driven Brands had a positive return on equity of 11.31% and a negative net margin of 1.22%. The firm’s revenue was up 39.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.25 EPS. As a group, research analysts anticipate that Driven Brands Holdings Inc. will post 1.14 EPS for the current year.

About Driven Brands

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Driven Brands Holdings Inc, together with its subsidiaries, provides automotive services to retail and commercial customers in the United States, Canada, and internationally. The company offers various services, such as paint, collision, glass, vehicle repair, car wash, oil change, and maintenance services.

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Institutional Ownership by Quarter for Driven Brands (NASDAQ:DRVN)

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