Landscape Capital Management L.L.C. Sells 132,609 Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN)

Landscape Capital Management L.L.C. cut its position in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) by 63.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 76,887 shares of the company's stock after selling 132,609 shares during the quarter. Landscape Capital Management L.L.C.'s holdings in Driven Brands were worth $1,097,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DRVN. SG Americas Securities LLC boosted its holdings in Driven Brands by 396.7% in the second quarter. SG Americas Securities LLC now owns 123,531 shares of the company's stock valued at $1,573,000 after purchasing an additional 98,662 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Driven Brands in the 3rd quarter valued at approximately $697,000. Bamco Inc. NY increased its position in Driven Brands by 14.3% in the 1st quarter. Bamco Inc. NY now owns 2,000,000 shares of the company's stock valued at $31,580,000 after acquiring an additional 250,000 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Driven Brands during the 2nd quarter valued at $816,000. Finally, Sei Investments Co. boosted its stake in shares of Driven Brands by 12.0% during the 1st quarter. Sei Investments Co. now owns 78,370 shares of the company's stock worth $1,237,000 after acquiring an additional 8,372 shares in the last quarter. 77.08% of the stock is currently owned by institutional investors and hedge funds.

Driven Brands Stock Up 3.7 %

NASDAQ DRVN traded up $0.59 during trading on Friday, hitting $16.69. 590,399 shares of the company traded hands, compared to its average volume of 699,358. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 2.84. The business has a fifty day simple moving average of $14.98 and a 200 day simple moving average of $13.45. The company has a market capitalization of $2.74 billion, a P/E ratio of 417.25, a PEG ratio of 1.07 and a beta of 1.11. Driven Brands Holdings Inc. has a 12 month low of $10.59 and a 12 month high of $16.93.

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

Analyst Ratings Changes

Several brokerages have recently commented on DRVN. Piper Sandler reaffirmed an "overweight" rating and issued a $17.00 target price (up previously from $14.00) on shares of Driven Brands in a research report on Friday, August 2nd. Canaccord Genuity Group lifted their price objective on Driven Brands from $20.00 to $21.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Baird R W raised Driven Brands to a "strong-buy" rating in a research report on Friday, August 2nd. Benchmark reissued a "buy" rating and set a $20.00 price objective on shares of Driven Brands in a research report on Tuesday, August 20th. Finally, The Goldman Sachs Group lifted their price objective on Driven Brands from $14.00 to $16.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. Four 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. According to data from MarketBeat, Driven Brands presently has a consensus rating of "Moderate Buy" and a consensus price target of $17.86.

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.