Sei Investments Co. Has $940,000 Stock Position in Driven Brands Holdings Inc. (NASDAQ:DRVN)

Sei Investments Co. decreased its position in Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) by 22.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 58,222 shares of the company's stock after selling 17,141 shares during the period. Sei Investments Co.'s holdings in Driven Brands were worth $940,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. HighTower Advisors LLC boosted its stake in Driven Brands by 5.9% in the 3rd quarter. HighTower Advisors LLC now owns 29,161 shares of the company's stock worth $414,000 after purchasing an additional 1,617 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Driven Brands by 0.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 496,073 shares of the company's stock valued at $8,007,000 after purchasing an additional 4,062 shares in the last quarter. SG Americas Securities LLC boosted its position 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 worth $221,000 after buying an additional 4,399 shares during the period. Handelsbanken Fonder AB grew its holdings in shares of Driven Brands by 24.6% during the fourth quarter. Handelsbanken Fonder AB now owns 24,300 shares of the company's stock worth $392,000 after buying an additional 4,800 shares in the last quarter. Finally, Orion Portfolio Solutions LLC raised its position 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 during the last quarter. 77.08% of the stock is currently owned by institutional investors.

Driven Brands Stock Performance

Shares of NASDAQ DRVN traded up $0.08 during midday trading on Friday, hitting $16.12. 676,319 shares of the company's stock were exchanged, compared to its average volume of 901,427. Driven Brands Holdings Inc. has a 12 month low of $10.59 and a 12 month high of $18.01. The company's 50 day moving average price is $16.43 and its 200 day moving average price is $15.98. 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 firm has a market capitalization of $2.64 billion, a PE ratio of 403.00, a price-to-earnings-growth ratio of 0.79 and a beta of 1.09.

Driven Brands (NASDAQ:DRVN - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.30 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $572.95 million. During the same period in the previous year, the company earned $0.19 earnings per share. The company's quarterly revenue was up 1.9% on a year-over-year basis. As a group, analysts predict that Driven Brands Holdings Inc. will post 0.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of Driven Brands from $14.50 to $17.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Canaccord Genuity Group lifted their price target on shares of Driven Brands from $21.00 to $23.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Robert W. Baird set a $25.00 price target on shares of Driven Brands in a research report on Thursday, March 13th. BMO Capital Markets raised their price objective on Driven Brands from $15.00 to $16.00 and gave the company a "market perform" rating in a report on Wednesday, February 26th. Finally, Benchmark began coverage on Driven Brands in a report on Friday, April 4th. They set a "buy" rating and a $22.00 target price on the stock. Three 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 company's stock. According to data from MarketBeat, Driven Brands presently has a consensus rating of "Moderate Buy" and a consensus price target 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.