Cwm LLC Sells 888 Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN)

Cwm LLC trimmed its position in shares of Driven Brands Holdings Inc. (NASDAQ:DRVNFree Report) by 7.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,726 shares of the company’s stock after selling 888 shares during the period. Cwm LLC’s holdings in Driven Brands were worth $153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of DRVN. Allspring Global Investments Holdings LLC bought a new position in shares of Driven Brands in the 1st quarter valued at about $26,000. Norden Group LLC bought a new stake in shares of Driven Brands in the 1st quarter valued at approximately $182,000. SG Americas Securities LLC purchased a new position in shares of Driven Brands in the 1st quarter worth approximately $393,000. Sei Investments Co. boosted its holdings in shares of Driven Brands by 12.0% in the 1st quarter. Sei Investments Co. now owns 78,370 shares of the company’s stock worth $1,237,000 after purchasing an additional 8,372 shares during the period. Finally, First Eagle Investment Management LLC purchased a new position in shares of Driven Brands in the 1st quarter worth approximately $3,367,000. 77.08% of the stock is currently owned by institutional investors.

Driven Brands Price Performance

DRVN opened at $14.51 on Friday. The business has a fifty day moving average of $14.24 and a 200 day moving average of $13.22. The company has a quick ratio of 1.91, a current ratio of 2.11 and a debt-to-equity ratio of 3.03. Driven Brands Holdings Inc. has a 52-week low of $10.59 and a 52-week high of $16.00. The stock has a market cap of $2.38 billion, a P/E ratio of -3.11, a PEG ratio of 0.83 and a beta of 1.13.

Driven Brands (NASDAQ:DRVNGet Free Report) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.35 EPS for the quarter, topping the consensus estimate of $0.28 by $0.07. Driven Brands had a positive return on equity of 15.12% and a negative net margin of 33.56%. The company had revenue of $611.60 million for the quarter, compared to the consensus estimate of $628.34 million. During the same period last year, the business posted $0.27 EPS. Driven Brands’s quarterly revenue was up .8% on a year-over-year basis. As a group, sell-side analysts anticipate that Driven Brands Holdings Inc. will post 0.88 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Robert W. Baird lifted their target price on Driven Brands from $17.00 to $18.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Canaccord Genuity Group lifted their target price on Driven Brands from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. BMO Capital Markets assumed coverage on Driven Brands in a report on Monday, July 22nd. They issued a “market perform” rating and a $14.00 target price for the company. The Goldman Sachs Group lifted their target price on Driven Brands from $14.00 to $16.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Finally, Baird R W upgraded Driven Brands to a “strong-buy” rating in a report on Friday, August 2nd. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.95.

Check Out Our Latest Analysis on Driven Brands

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.

Further Reading

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

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