1 week Ago By ABMN Staff
Trexquant Investment LP reduced its position in shares of Driven Brands Holdings Inc. ( NASDAQ:DRVN – Free Report ) by 36.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The firm owned 22,755 shares of the company’s stock after selling 13,077 shares during the period. Trexquant Investment LP’s holdings in Driven Brands were worth $367,000 as of its most recent SEC filing. Other large investors also recently modified their holdings of the company.
Alliancebernstein L.P. lifted its holdings in Driven Brands by 8.
5% in the 4th quarter. Alliancebernstein L.P.
now owns 78,731 shares of the company’s stock worth $1,271,000 after buying an additional 6,200 shares during the period. Arrowstreet Capital Limited Partnership lifted its stake in Driven Brands by 687.6% in the fourth quarter.
Arrowstreet Capital Limited Partnership now owns 114,327 shares of the company’s stock worth $1,845,000 after acquiring an additional 99,811 shares during the period. Norges Bank purchased a new position in Driven Brands during the 4th quarter valued at $1,742,000. Vanguard Group Inc.
raised its holdings in Driven Brands by 0.6% in the 4th quarter. Vanguard Group Inc.
now owns 5,708,430 shares of the company’s stock worth $92,134,000 after purchasing an additional 31,431 shares in the last quarter. Finally, LPL Financial LLC purchased a new stake in shares of Driven Brands in the 4th quarter worth about $178,000. 77.
08% of the stock is owned by institutional investors. Driven Brands Stock Performance Shares of DRVN opened at $16.12 on Monday.
Driven Brands Holdings Inc. has a 12 month low of $10.59 and a 12 month high of $18.
01. The business’s fifty day simple moving average is $16.43 and its two-hundred day simple moving average is $15.
99. The company has a current ratio of 1.90, a quick ratio of 1.
72 and a debt-to-equity ratio of 2.84. The company has a market cap of $2.
64 billion, a price-to-earnings ratio of 403.00, a P/E/G ratio of 0.79 and a beta of 1.
09. Analyst Upgrades and Downgrades Several equities analysts recently issued reports on DRVN shares. Canaccord Genuity Group boosted their price target on shares of Driven Brands from $21.
00 to $23.00 and gave the company a “buy” rating in a research report on Wednesday, February 26th. Benchmark initiated coverage on Driven Brands in a research report on Friday, April 4th.
They issued a “buy” rating and a $22.00 target price for the company. BMO Capital Markets lifted their price target on Driven Brands from $15.
00 to $16.00 and gave the company a “market perform” rating in a research report on Wednesday, February 26th. Piper Sandler upped their price target on Driven Brands from $19.
00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th. Finally, Robert W.
Baird set a $25.00 price objective on Driven Brands in a research report on Thursday, March 13th. Three equities research 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, Driven Brands currently has an average rating of “Moderate Buy” and a consensus price target of $20.50. Read Our Latest Stock Report on Driven Brands Driven Brands Profile ( Free Report ) 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. Recommended Stories Receive News & Ratings for Driven Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Driven Brands and related companies with MarketBeat.
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