Boston Partners Acquires Shares of 131,555 Driven Brands Holdings Inc. (NASDAQ:DRVN)

Boston Partners purchased a new stake in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 131,555 shares of the company's stock, valued at approximately $2,123,000. Boston Partners owned about 0.08% of Driven Brands at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. lifted its holdings in Driven Brands by 600.5% during the fourth quarter. Blue Trust Inc. now owns 9,198 shares of the company's stock valued at $148,000 after purchasing an additional 7,885 shares during the last quarter. Townsquare Capital LLC purchased a new stake in shares of Driven Brands during the 3rd quarter valued at approximately $153,000. SBI Securities Co. Ltd. bought a new position in Driven Brands in the 4th quarter worth approximately $215,000. SG Americas Securities LLC boosted its holdings in Driven Brands by 47.2% in the 4th quarter. SG Americas Securities LLC now owns 13,720 shares of the company's stock worth $221,000 after buying an additional 4,399 shares during the period. Finally, Orion Portfolio Solutions LLC grew its stake in Driven Brands by 54.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,398 shares of the company's stock valued at $234,000 after buying an additional 5,815 shares in the last quarter. Hedge funds and other institutional investors own 77.08% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on DRVN shares. Robert W. Baird set a $25.00 target price on Driven Brands in a research report on Thursday, March 13th. Canaccord Genuity Group increased their price objective on Driven Brands from $21.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday, February 26th. BMO Capital Markets lifted their target price on Driven Brands from $15.00 to $16.00 and gave the company a "market perform" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. upped their target price on shares of Driven Brands from $14.50 to $17.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Finally, Piper Sandler raised their target price on shares of Driven Brands from $19.00 to $22.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Driven Brands presently has an average rating of "Moderate Buy" and an average price target of $20.30.

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Driven Brands Trading Down 0.3 %

NASDAQ DRVN traded down $0.05 during trading on Tuesday, hitting $17.21. 445,867 shares of the company's stock traded hands, compared to its average volume of 851,869. The stock has a fifty day moving average of $16.37 and a two-hundred day moving average of $15.78. Driven Brands Holdings Inc. has a 12-month low of $10.59 and a 12-month high of $18.01. The firm has a market cap of $2.82 billion, a P/E ratio of 430.25, a PEG ratio of 0.79 and a beta of 1.13. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.90 and a quick ratio of 1.72.

Driven Brands (NASDAQ:DRVN - Get Free Report) last issued its earnings results on Tuesday, February 25th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.13. The company had revenue of $564.12 million during the quarter, compared to analysts' expectations of $572.95 million. Driven Brands had a return on equity of 14.86% and a net margin of 0.27%. Driven Brands's quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.19 EPS. As a group, sell-side analysts expect that Driven Brands Holdings Inc. will post 0.85 EPS for the current year.

About Driven Brands

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.