Capstone Investment Advisors LLC Invests $220,000 in Driven Brands Holdings Inc. (NASDAQ:DRVN)

Capstone Investment Advisors LLC bought a new position in Driven Brands Holdings Inc. (NASDAQ:DRVNFree Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,400 shares of the company’s stock, valued at approximately $220,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp increased its stake in shares of Driven Brands by 2.6% in the third quarter. Bank of New York Mellon Corp now owns 208,008 shares of the company’s stock valued at $2,619,000 after buying an additional 5,238 shares during the period. Barclays PLC increased its stake in shares of Driven Brands by 178.1% in the third quarter. Barclays PLC now owns 39,702 shares of the company’s stock valued at $500,000 after buying an additional 25,427 shares during the period. Boston Partners increased its stake in shares of Driven Brands by 23.5% in the third quarter. Boston Partners now owns 36,807 shares of the company’s stock valued at $463,000 after buying an additional 7,011 shares during the period. Swiss National Bank increased its stake in shares of Driven Brands by 1.0% in the third quarter. Swiss National Bank now owns 147,300 shares of the company’s stock valued at $1,855,000 after buying an additional 1,500 shares during the period. Finally, Blueshift Asset Management LLC increased its stake in shares of Driven Brands by 32.6% in the third quarter. Blueshift Asset Management LLC now owns 10,944 shares of the company’s stock valued at $138,000 after buying an additional 2,688 shares during the period. Institutional investors own 77.08% of the company’s stock.

Driven Brands Price Performance

Driven Brands stock opened at $11.34 on Tuesday. Driven Brands Holdings Inc. has a 52-week low of $10.59 and a 52-week high of $27.68. The stock’s 50 day moving average price is $13.24 and its two-hundred day moving average price is $13.53. The company has a debt-to-equity ratio of 3.20, a quick ratio of 1.67 and a current ratio of 1.86.

Driven Brands (NASDAQ:DRVNGet Free Report) last issued its earnings results on Thursday, May 2nd. The company reported $0.18 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.18. Driven Brands had a positive return on equity of 12.08% and a negative net margin of 33.30%. The company had revenue of $572.23 million for the quarter, compared to analysts’ expectations of $584.31 million. As a group, equities analysts forecast that Driven Brands Holdings Inc. will post 0.87 EPS for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Canaccord Genuity Group lowered their price objective on Driven Brands from $21.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. The Goldman Sachs Group decreased their target price on shares of Driven Brands from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, May 3rd. Barclays decreased their target price on shares of Driven Brands from $25.00 to $22.00 and set an “overweight” rating for the company in a research report on Monday, May 6th. Piper Sandler decreased their target price on shares of Driven Brands from $18.00 to $14.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. Finally, JPMorgan Chase & Co. downgraded shares of Driven Brands from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $18.00 to $12.50 in a research report on Friday, May 3rd. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Driven Brands presently has an average rating of “Moderate Buy” and a consensus price target of $17.61.

Check Out Our Latest Report on DRVN

About Driven Brands

(Free Report)

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.

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

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