Seven Six Capital Management LLC Purchases 80,300 Shares of Driven Brands Holdings Inc. $DRVN

Seven Six Capital Management LLC raised its position in Driven Brands Holdings Inc. (NASDAQ:DRVN) by 37.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 294,000 shares of the company’s stock after buying an additional 80,300 shares during the period. Driven Brands accounts for about 4.4% of Seven Six Capital Management LLC’s investment portfolio, making the stock its 10th biggest position. Seven Six Capital Management LLC’s holdings in Driven Brands were worth $4,357,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norwood Investment Partners LP boosted its position in Driven Brands by 138.1% in the fourth quarter. Norwood Investment Partners LP now owns 570,000 shares of the company’s stock valued at $8,447,000 after buying an additional 330,562 shares in the last quarter. Mariner LLC boosted its position in Driven Brands by 1.1% in the fourth quarter. Mariner LLC now owns 71,736 shares of the company’s stock valued at $1,063,000 after buying an additional 812 shares in the last quarter. North Peak Capital Management LLC boosted its position in Driven Brands by 37.3% in the fourth quarter. North Peak Capital Management LLC now owns 3,990,850 shares of the company’s stock valued at $59,144,000 after buying an additional 1,083,896 shares in the last quarter. Barclays PLC boosted its position in Driven Brands by 6.9% in the fourth quarter. Barclays PLC now owns 119,488 shares of the company’s stock valued at $1,771,000 after buying an additional 7,692 shares in the last quarter. Finally, Stifel Financial Corp boosted its position in Driven Brands by 14.8% in the fourth quarter. Stifel Financial Corp now owns 145,252 shares of the company’s stock valued at $2,153,000 after buying an additional 18,717 shares in the last quarter. 77.08% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. Zacks Research raised shares of Driven Brands from a “strong sell” rating to a “hold” rating in a report on Thursday, March 19th. Weiss Ratings raised shares of Driven Brands from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday. Freedom Capital raised shares of Driven Brands to a “strong-buy” rating in a report on Monday, March 23rd. BMO Capital Markets decreased 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 report on Thursday, May 21st. Finally, Benchmark reissued a “buy” rating on shares of Driven Brands in a report on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $17.18.

Driven Brands Stock Down 0.7%

NASDAQ DRVN opened at $13.36 on Wednesday. The stock has a fifty day moving average of $13.17 and a 200-day moving average of $13.91. The stock has a market capitalization of $2.20 billion, a P/E ratio of 11.93 and a beta of 0.97. Driven Brands Holdings Inc. has a 52 week low of $9.80 and a 52 week high of $19.74. The company has a debt-to-equity ratio of 2.08, a quick ratio of 1.25 and a current ratio of 1.38.

Driven Brands (NASDAQ:DRVN) last issued its earnings results on Thursday, June 11th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.06. The company had revenue of $484.44 million for the quarter, compared to analyst estimates of $480.84 million. Driven Brands had a net margin of 9.08% and a return on equity of 25.70%. The company’s revenue for the quarter was down 6.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.27 EPS. On average, equities research analysts forecast that Driven Brands Holdings Inc. will post 1.04 EPS for the current year.

Driven Brands 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.