Janus Henderson Group PLC Has $45.16 Million Stock Holdings in Driven Brands Holdings Inc. (NASDAQ:DRVN)

Janus Henderson Group PLC cut its holdings in Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) by 3.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,164,786 shares of the company's stock after selling 117,161 shares during the quarter. Janus Henderson Group PLC owned about 1.93% of Driven Brands worth $45,161,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. HG Vora Capital Management LLC lifted its stake in Driven Brands by 4.9% in the third quarter. HG Vora Capital Management LLC now owns 7,550,000 shares of the company's stock valued at $107,738,000 after acquiring an additional 350,000 shares during the last quarter. Harvey Partners LLC acquired a new stake in shares of Driven Brands in the third quarter worth $357,000. HighTower Advisors LLC lifted its stake in shares of Driven Brands by 5.9% in the third quarter. HighTower Advisors LLC now owns 29,161 shares of the company's stock worth $414,000 after buying an additional 1,617 shares during the last quarter. Cinctive Capital Management LP lifted its stake in shares of Driven Brands by 27.2% in the third quarter. Cinctive Capital Management LP now owns 119,099 shares of the company's stock worth $1,700,000 after buying an additional 25,473 shares during the last quarter. Finally, Bamco Inc. NY lifted its stake in shares of Driven Brands by 16.7% in the third quarter. Bamco Inc. NY now owns 3,500,000 shares of the company's stock worth $49,945,000 after buying an additional 500,000 shares during the last quarter. 77.08% of the stock is currently owned by institutional investors and hedge funds.

Driven Brands Stock Performance

Driven Brands stock traded down $0.17 on Friday, hitting $16.63. The company's stock had a trading volume of 622,827 shares, compared to its average volume of 1,041,803. The firm has a market cap of $2.73 billion, a P/E ratio of 420.00, a price-to-earnings-growth ratio of 1.12 and a beta of 1.15. The company has a quick ratio of 1.72, a current ratio of 1.90 and a debt-to-equity ratio of 2.84. The company has a fifty day moving average price of $15.38 and a 200-day moving average price of $13.80. Driven Brands Holdings Inc. has a one year low of $10.59 and a one year high of $17.35.

Driven Brands (NASDAQ:DRVN - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.04. The firm had revenue of $591.70 million for the quarter, compared to analyst estimates of $598.49 million. Driven Brands had a net margin of 0.27% and a return on equity of 14.86%. The business's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 EPS. On average, equities analysts anticipate that Driven Brands Holdings Inc. will post 0.86 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DRVN. Royal Bank of Canada boosted their price objective on shares of Driven Brands from $17.00 to $20.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Benchmark reaffirmed a "buy" rating and set a $20.00 target price on shares of Driven Brands in a research report on Tuesday, August 20th. Canaccord Genuity Group boosted their target price on shares of Driven Brands from $20.00 to $21.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, Stifel Nicolaus boosted their target price on shares of Driven Brands from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Four research 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $17.86.

Driven Brands Company Profile

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.