Bleakley Financial Group LLC Sells 1,524 Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN)

Bleakley Financial Group LLC lowered its holdings in Driven Brands Holdings Inc. (NASDAQ:DRVN) by 12.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,474 shares of the company’s stock after selling 1,524 shares during the period. Bleakley Financial Group LLC’s holdings in Driven Brands were worth $169,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. HighTower Advisors LLC boosted its holdings in shares of Driven Brands by 5.9% during the 3rd quarter. HighTower Advisors LLC now owns 29,161 shares of the company’s stock worth $414,000 after buying an additional 1,617 shares during the period. Creative Planning lifted its holdings in shares of Driven Brands by 9.1% during the third quarter. Creative Planning now owns 33,148 shares of the company’s stock worth $473,000 after purchasing an additional 2,754 shares during the period. SG Americas Securities LLC boosted its stake in shares of Driven Brands by 47.2% in the 4th quarter. SG Americas Securities LLC now owns 13,720 shares of the company’s stock valued at $221,000 after purchasing an additional 4,399 shares during the last quarter. Orion Portfolio Solutions LLC boosted its holdings in shares of Driven Brands by 54.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,398 shares of the company’s stock worth $234,000 after buying an additional 5,815 shares in the last quarter. Finally, nVerses Capital LLC bought a new position in shares of Driven Brands in the third quarter valued at $86,000. Institutional investors and hedge funds own 77.08% of the company’s stock.

Driven Brands Stock Up 0.2 %

DRVN opened at $16.22 on Thursday. 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 50 day moving average price of $16.22 and a 200-day moving average price of $15.22. Driven Brands Holdings Inc. has a twelve month low of $10.59 and a twelve month high of $17.45. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of 405.50, a PEG ratio of 0.85 and a beta of 1.15.

Analysts Set New Price Targets

Several research analysts recently weighed in on DRVN shares. Stifel Nicolaus boosted their price target on shares of Driven Brands from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Canaccord Genuity Group lifted their target price on shares of Driven Brands from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, Royal Bank of Canada raised their price target on shares of Driven Brands from $17.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $18.25.

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.