Landscape Capital Management L.L.C. Takes Position in Driven Brands Holdings Inc. $DRVN

Landscape Capital Management L.L.C. acquired a new position in Driven Brands Holdings Inc. (NASDAQ:DRVN) during the second quarter, Holdings Channel reports. The institutional investor acquired 364,178 shares of the company’s stock, valued at approximately $5,077,000.

Other large investors have also made changes to their positions in the company. Osaic Holdings Inc. grew its holdings in Driven Brands by 82.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock valued at $37,000 after buying an additional 941 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Driven Brands by 744.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the company’s stock worth $37,000 after buying an additional 1,854 shares during the period. Comerica Bank lifted its holdings in shares of Driven Brands by 328.8% during the fourth quarter. Comerica Bank now owns 2,933 shares of the company’s stock worth $43,000 after buying an additional 2,249 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Driven Brands by 1,347.7% during the fourth quarter. Larson Financial Group LLC now owns 3,822 shares of the company’s stock worth $57,000 after buying an additional 3,558 shares during the last quarter. Finally, SJS Investment Consulting Inc. boosted its position in shares of Driven Brands by 420.2% in the first quarter. SJS Investment Consulting Inc. now owns 4,500 shares of the company’s stock valued at $57,000 after acquiring an additional 3,635 shares during the period. Institutional investors and hedge funds own 77.08% of the company’s stock.

Driven Brands Trading Up 1.0%

Driven Brands stock opened at $13.17 on Friday. The business has a 50 day moving average price of $13.91 and a two-hundred day moving average price of $13.50. 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 stock has a market cap of $2.17 billion, a price-to-earnings ratio of 12.66 and a beta of 0.95.

Driven Brands (NASDAQ:DRVN) last announced 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%. As a group, equities analysts forecast that Driven Brands Holdings Inc. will post 1.12 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DRVN. Piper Sandler raised their price objective on shares of Driven Brands from $11.00 to $13.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 20th. Canaccord Genuity Group set a $17.00 target price on shares of Driven Brands in a research note on Friday, August 7th. The Goldman Sachs Group reissued a “neutral” rating and issued a $14.75 price target on shares of Driven Brands in a report on Wednesday, May 20th. Benchmark restated a “buy” rating on shares of Driven Brands in a research report on Tuesday, May 26th. Finally, Royal Bank Of Canada decreased their price target on shares of Driven Brands from $17.00 to $16.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Two research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $16.77.

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.