Ewing Morris & Co. Investment Partners Ltd. Has $4.75 Million Stock Holdings in Driven Brands Holdings Inc. $DRVN

Ewing Morris & Co. Investment Partners Ltd. lowered its position in Driven Brands Holdings Inc. (NASDAQ:DRVN) by 16.0% during the second quarter, according to its most recent filing with the SEC. The firm owned 340,961 shares of the company’s stock after selling 65,000 shares during the period. Driven Brands accounts for approximately 2.5% of Ewing Morris & Co. Investment Partners Ltd.’s portfolio, making the stock its 12th largest position. Ewing Morris & Co. Investment Partners Ltd. owned 0.21% of Driven Brands worth $4,753,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Driven Brands by 4.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,597 shares of the company’s stock worth $610,000 after acquiring an additional 1,493 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in shares of Driven Brands by 22.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 139,321 shares of the company’s stock valued at $2,388,000 after buying an additional 25,806 shares during the period. New York State Common Retirement Fund increased its stake in shares of Driven Brands by 10.0% in the 2nd quarter. New York State Common Retirement Fund now owns 16,511 shares of the company’s stock worth $290,000 after acquiring an additional 1,500 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in shares of Driven Brands by 95.4% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 255,156 shares of the company’s stock worth $4,481,000 after purchasing an additional 124,556 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in Driven Brands by 744.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the company’s stock valued at $37,000 after buying an additional 1,854 shares during the period. 77.08% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Morgan Stanley set a $14.00 target price on Driven Brands in a report on Friday, August 7th. BTIG Research reissued a “buy” rating and issued a $17.00 target price on shares of Driven Brands in a research note on Friday, June 12th. Robert W. Baird set a $18.00 price target on shares of Driven Brands and gave the company an “outperform” rating in a research report on Wednesday, May 20th. BMO Capital Markets dropped their price objective on shares of Driven Brands from $18.00 to $14.00 and set a “market perform” rating on the stock in a research note on Thursday, May 21st. Finally, Weiss Ratings upgraded shares of Driven Brands from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $16.77.

Driven Brands Trading Up 0.6%

NASDAQ:DRVN opened at $12.88 on Thursday. The company’s 50 day moving average is $13.91 and its 200-day moving average is $13.26. The company has a quick ratio of 1.33, a current ratio of 1.47 and a debt-to-equity ratio of 1.99. Driven Brands Holdings Inc. has a 12 month low of $9.80 and a 12 month high of $19.74. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 12.38 and a beta of 0.94.

Driven Brands (NASDAQ:DRVN) last released its quarterly earnings data on Monday, July 27th. The company reported $0.29 earnings per share for the quarter. Driven Brands had a return on equity of 24.13% and a net margin of 8.61%. Equities analysts anticipate that Driven Brands Holdings Inc. will post 1.12 EPS for the current year.

Driven Brands Company Profile

Driven Brands Holdings Inc (NASDAQ: DRVN) is a leading North American provider of automotive aftermarket services, operating through a network of franchised and company-owned locations. The company’s platform encompasses a diverse portfolio of car care and maintenance brands, including Meineke Car Care Centers, Maaco Collision Repair & Auto Painting, Take 5 Oil Change, and Carstar Collision Repair. Driven Brands delivers a full range of services from routine maintenance and oil changes to collision repair, paint protection, and vehicle customization.

Headquartered in Charlotte, North Carolina, Driven Brands serves both individual consumers and commercial clients across the United States and Canada.