Boston Partners Makes New Investment in Driven Brands Holdings Inc. (NASDAQ:DRVN)

Boston Partners acquired a new stake in Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 131,555 shares of the company's stock, valued at approximately $2,123,000. Boston Partners owned about 0.08% of Driven Brands as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in DRVN. Blue Trust Inc. increased its holdings in shares of Driven Brands by 600.5% in the fourth quarter. Blue Trust Inc. now owns 9,198 shares of the company's stock worth $148,000 after acquiring an additional 7,885 shares in the last quarter. Townsquare Capital LLC bought a new position in shares of Driven Brands during the third quarter worth approximately $153,000. SBI Securities Co. Ltd. acquired a new position in shares of Driven Brands in the 4th quarter valued at approximately $215,000. SG Americas Securities LLC lifted its position in shares of Driven Brands by 47.2% during 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 last quarter. Finally, Orion Portfolio Solutions LLC increased its stake in shares of Driven Brands by 54.9% in the third 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 during the period. 77.08% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DRVN has been the subject of several research analyst reports. Piper Sandler lifted their price objective 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. Canaccord Genuity Group raised their price objective on shares of 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 upped their price objective on shares of 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. lifted their price target on Driven Brands from $14.50 to $17.00 and gave the company a "neutral" rating in a research report on Wednesday, February 26th. Finally, Robert W. Baird set a $25.00 price target on shares of Driven Brands in a report on Thursday, March 13th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $20.30.

Driven Brands Stock Up 1.0 %

Shares of DRVN traded up $0.17 during trading hours on Wednesday, hitting $17.38. The company had a trading volume of 493,714 shares, compared to its average volume of 850,403. Driven Brands Holdings Inc. has a one year low of $10.59 and a one year high of $18.01. The company's fifty day moving average price is $16.37 and its two-hundred day moving average price is $15.78. The company has a market capitalization of $2.85 billion, a PE ratio of 434.50, a price-to-earnings-growth ratio of 0.79 and a beta of 1.13. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 2.84.

Driven Brands (NASDAQ:DRVN - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.17 by $0.13. The firm had revenue of $564.12 million for the quarter, compared to the consensus estimate of $572.95 million. Driven Brands had a net margin of 0.27% and a return on equity of 14.86%. The company's quarterly revenue was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 EPS. As a group, equities analysts forecast that Driven Brands Holdings Inc. will post 0.85 earnings per share for the current fiscal 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.