Driven Brands Holdings Inc. $DRVN Position Reduced by Montag A & Associates Inc.

Montag A & Associates Inc. trimmed its stake in shares of Driven Brands Holdings Inc. (NASDAQ:DRVNFree Report) by 97.6% during the fourth quarter, HoldingsChannel reports. The fund owned 1,940 shares of the company’s stock after selling 79,179 shares during the quarter. Montag A & Associates Inc.’s holdings in Driven Brands were worth $29,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Osaic Holdings Inc. boosted its stake in Driven Brands by 82.1% during the 2nd quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock valued at $37,000 after acquiring an additional 941 shares during the last quarter. EverSource Wealth Advisors LLC boosted its stake in Driven Brands by 744.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the company’s stock valued at $37,000 after acquiring an additional 1,854 shares during the last quarter. Comerica Bank boosted its stake in Driven Brands by 328.8% during the 4th quarter. Comerica Bank now owns 2,933 shares of the company’s stock valued at $43,000 after acquiring an additional 2,249 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Driven Brands by 1,113.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,338 shares of the company’s stock valued at $54,000 after acquiring an additional 3,063 shares during the last quarter. Finally, Versant Capital Management Inc bought a new position in Driven Brands during the 3rd quarter valued at $84,000. 77.08% of the stock is currently owned by institutional investors.

Driven Brands Trading Up 1.8%

Driven Brands stock opened at $13.90 on Wednesday. The firm’s 50-day moving average is $12.15 and its 200-day moving average is $14.17. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.80 and a current ratio of 0.90. Driven Brands Holdings Inc. has a 1 year low of $9.80 and a 1 year high of $19.74. The company has a market cap of $2.29 billion, a P/E ratio of -11.21 and a beta of 0.97.

Driven Brands News Summary

Here are the key news stories impacting Driven Brands this week:

Wall Street Analyst Weigh In

A number of research firms have commented on DRVN. Canaccord Genuity Group reduced their price objective on shares of Driven Brands from $24.00 to $20.00 and set a “buy” rating on the stock in a research note on Wednesday, April 29th. Piper Sandler reduced their price target on shares of Driven Brands from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Thursday, April 23rd. The Goldman Sachs Group restated a “neutral” rating on shares of Driven Brands in a research report on Wednesday, April 22nd. Morgan Stanley reduced their price target on shares of Driven Brands from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. Finally, BTIG Research restated a “buy” rating and issued a $21.00 price target on shares of Driven Brands in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.00.

Get Our Latest Analysis on DRVN

Driven Brands Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Driven Brands (NASDAQ:DRVN)

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