UBS Group AG Increases Stock Position in Driven Brands Holdings Inc. $DRVN

UBS Group AG grew its position in Driven Brands Holdings Inc. (NASDAQ:DRVN) by 171.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 628,991 shares of the company’s stock after purchasing an additional 397,137 shares during the period. UBS Group AG’s holdings in Driven Brands were worth $9,322,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in DRVN. AustralianSuper Pty Ltd bought a new position in Driven Brands during the third quarter valued at about $44,645,000. Simcoe Capital Management LLC bought a new position in Driven Brands during the third quarter valued at about $33,911,000. Qube Research & Technologies Ltd bought a new position in Driven Brands during the third quarter valued at about $12,599,000. Advisory Research Inc. bought a new position in Driven Brands during the third quarter valued at about $10,725,000. Finally, Emeth Value Capital LLC grew its position in Driven Brands by 17.8% during the fourth quarter. Emeth Value Capital LLC now owns 3,846,166 shares of the company’s stock valued at $57,000,000 after buying an additional 582,255 shares during the period. Institutional investors own 77.08% of the company’s stock.

Wall Street Analysts Forecast Growth

DRVN has been the subject of several research reports. Weiss Ratings restated a “sell (d)” rating on shares of Driven Brands in a research report on Friday, March 27th. William Blair lowered shares of Driven Brands from an “outperform” rating to a “hold” rating in a research report on Wednesday, April 22nd. The Goldman Sachs Group restated a “neutral” rating on shares of Driven Brands in a research report on Wednesday, April 22nd. Zacks Research upgraded shares of Driven Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 19th. Finally, Freedom Capital upgraded shares of Driven Brands to a “strong-buy” rating in a research report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Driven Brands currently has an average rating of “Hold” and a consensus target price of $19.00.

Driven Brands Trading Up 3.7%

Shares of Driven Brands stock opened at $13.00 on Friday. Driven Brands Holdings Inc. has a 12-month low of $9.80 and a 12-month high of $19.74. The company has a market cap of $2.14 billion, a price-to-earnings ratio of -10.48 and a beta of 0.97. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 2.44. The company’s 50-day moving average price is $12.24 and its 200-day moving average price is $14.03.

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.