Dimensional Fund Advisors LP Has $5.40 Million Stock Holdings in Driven Brands Holdings Inc. (NASDAQ:DRVN)

Dimensional Fund Advisors LP lowered its position in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN) by 4.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 424,681 shares of the company’s stock after selling 22,034 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.26% of Driven Brands worth $5,403,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in Driven Brands during the first quarter worth about $26,000. GAMMA Investing LLC grew its position in Driven Brands by 49.3% during the 1st quarter. GAMMA Investing LLC now owns 2,738 shares of the company’s stock worth $43,000 after acquiring an additional 904 shares during the last quarter. Innealta Capital LLC bought a new stake in Driven Brands during the 2nd quarter worth approximately $86,000. Wedmont Private Capital acquired a new stake in Driven Brands during the 1st quarter valued at $159,000. Finally, Norden Group LLC bought a new position in Driven Brands in the 1st quarter valued at $182,000. 77.08% of the stock is owned by institutional investors.

Driven Brands Trading Down 0.4 %

DRVN opened at $14.05 on Wednesday. The firm has a 50 day simple moving average of $14.05 and a 200 day simple moving average of $13.29. Driven Brands Holdings Inc. has a fifty-two week low of $10.59 and a fifty-two week high of $16.00. The company has a market cap of $2.31 billion, a price-to-earnings ratio of -3.02, a price-to-earnings-growth ratio of 0.89 and a beta of 1.13. The company has a debt-to-equity ratio of 3.03, a current ratio of 2.11 and a quick ratio of 1.91.

Driven Brands (NASDAQ:DRVN) last issued its earnings results on Thursday, August 1st. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.28 by $0.07. The company had revenue of $611.60 million during the quarter, compared to analysts’ expectations of $628.34 million. Driven Brands had a negative net margin of 33.56% and a positive return on equity of 15.12%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS. On average, sell-side analysts anticipate that Driven Brands Holdings Inc. will post 0.88 earnings per share for the current year.

Analyst Upgrades and Downgrades

DRVN has been the topic of several research analyst reports. Royal Bank of Canada increased their target price on Driven Brands from $14.00 to $16.00 and gave the stock an “outperform” rating in a report on Friday, August 2nd. Canaccord Genuity Group increased their price objective on shares of Driven Brands from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Baird R W upgraded shares of Driven Brands to a “strong-buy” rating in a research report on Friday, August 2nd. BMO Capital Markets initiated coverage on shares of Driven Brands in a research report on Monday, July 22nd. They set a “market perform” rating and a $14.00 target price on the stock. Finally, The Goldman Sachs Group raised their price target on shares of Driven Brands from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Driven Brands presently has an average rating of “Moderate Buy” and an average price target of $16.95.

Driven Brands 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.