Marshall Wace LLP Has $3.38 Million Stock Holdings in Driven Brands Holdings Inc. (NASDAQ:DRVN)

Marshall Wace LLP reduced its position in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) by 8.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 209,618 shares of the company's stock after selling 18,945 shares during the quarter. Marshall Wace LLP owned about 0.13% of Driven Brands worth $3,383,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Blue Trust Inc. raised its position in shares of Driven Brands by 600.5% during the fourth quarter. Blue Trust Inc. now owns 9,198 shares of the company's stock worth $148,000 after purchasing an additional 7,885 shares during the period. LPL Financial LLC acquired a new position in Driven Brands during the fourth quarter worth $178,000. SBI Securities Co. Ltd. acquired a new position in Driven Brands during the fourth quarter worth $215,000. KLP Kapitalforvaltning AS bought a new position in shares of Driven Brands in the fourth quarter valued at $216,000. Finally, SG Americas Securities LLC grew its holdings in shares of Driven Brands by 47.2% during the fourth quarter. SG Americas Securities LLC now owns 13,720 shares of the company's stock valued at $221,000 after buying an additional 4,399 shares during the last quarter. Institutional investors own 77.08% of the company's stock.

Driven Brands Price Performance

DRVN opened at $16.34 on Friday. The firm has a market cap of $2.68 billion, a P/E ratio of 408.50, a PEG ratio of 0.79 and a beta of 1.09. The company has a debt-to-equity ratio of 2.84, a quick ratio of 1.72 and a current ratio of 1.90. Driven Brands Holdings Inc. has a fifty-two week low of $10.59 and a fifty-two week high of $18.01. The firm has a 50-day moving average of $16.42 and a 200 day moving average of $16.10.

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

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DRVN. BMO Capital Markets raised their price target on shares of Driven Brands from $15.00 to $16.00 and gave the company a "market perform" rating in a research report on Wednesday, February 26th. JPMorgan Chase & Co. upped their price target on Driven Brands from $14.50 to $17.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Benchmark assumed coverage on Driven Brands in a research note on Friday, April 4th. They set a "buy" rating and a $22.00 price objective on the stock. Canaccord Genuity Group upped their target price on shares of Driven Brands from $21.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Finally, Robert W. Baird set a $25.00 target price 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 issued a strong buy rating to the stock. According to MarketBeat.com, Driven Brands has an average rating of "Moderate Buy" and a consensus target price of $20.50.

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.

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