Driven Brands Holdings Inc. $DRVN Stock Holdings Reduced by DBA Trading LLC

DBA Trading LLC reduced its position in Driven Brands Holdings Inc. (NASDAQ:DRVN) by 43.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 85,000 shares of the company’s stock after selling 65,000 shares during the quarter. Driven Brands comprises approximately 1.7% of DBA Trading LLC’s holdings, making the stock its 15th largest position. DBA Trading LLC’s holdings in Driven Brands were worth $1,004,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in Driven Brands during the second quarter worth about $67,107,000. Bamco Inc. NY purchased a new position in shares of Driven Brands in the second quarter valued at approximately $62,766,000. Rubric Capital Management LP purchased a new position in shares of Driven Brands in the first quarter valued at approximately $37,830,000. Jupiter Topco LLC purchased a new position in shares of Driven Brands in the second quarter valued at approximately $35,214,000. Finally, Janus Henderson Group PLC grew its holdings in shares of Driven Brands by 0.3% in the first quarter. Janus Henderson Group PLC now owns 2,484,305 shares of the company’s stock valued at $31,327,000 after purchasing an additional 7,126 shares in the last quarter. 77.08% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DRVN. Canaccord Genuity Group downgraded shares of Driven Brands from a “buy” rating to a “hold” rating and set a $12.00 target price on the stock. in a research note on Tuesday, November 3rd. UBS Group reiterated a “buy” rating on shares of Driven Brands in a report on Thursday, September 10th. Morgan Stanley set a $14.00 price target on shares of Driven Brands in a research report on Friday, August 7th. Wall Street Zen upgraded shares of Driven Brands from a “hold” rating to a “buy” rating in a research note on Saturday, October 24th. Finally, BTIG Research downgraded shares of Driven Brands from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 4th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $15.48.

Driven Brands Price Performance

Shares of NASDAQ DRVN opened at $12.10 on Wednesday. The stock’s 50-day moving average is $12.09 and its two-hundred day moving average is $13.18. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.47 and a quick ratio of 1.33. Driven Brands Holdings Inc. has a 1-year low of $9.80 and a 1-year high of $17.30. The company has a market cap of $2.00 billion, a price-to-earnings ratio of 11.63, a price-to-earnings-growth ratio of 2.67 and a beta of 0.91.

Driven Brands Profile

Driven Brands Holdings Inc. is an automotive aftermarket services company headquartered in Charlotte, North Carolina. It operates and franchises service centers under brands including Take 5 Oil Change, Meineke Car Care Centers, Maaco, CARSTAR and Auto Glass Now. The company provides a range of vehicle services, including oil changes and preventive maintenance, mechanical repairs, collision repair and refinishing, and auto glass replacement. Through 1-800-Radiator & A/C, it also distributes heating and cooling parts to repair shops and other customers.