<div id="readability-page-1"><p>Grizzlyrock Capital LLC cut its position in  Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) by 20.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor  owned 677,631 shares of the company's stock after selling 177,660 shares during the quarter. Driven Brands accounts for  8.1% of Grizzlyrock Capital LLC's holdings, making the stock its 3rd largest holding. Grizzlyrock Capital LLC owned approximately 0.41% of Driven Brands worth $11,899,000 at the end of the most recent reporting period.</p><div><p><span></span><span>Get <strong>Driven Brands</strong> alerts:</span></p></div><ul><li>Top 2 Auto Maintenance Stocks Gearing Up for 2025</li></ul><p>Several other institutional investors and hedge funds have also recently modified their holdings of the company. Nuveen LLC purchased a new position in  Driven Brands during the 1st quarter valued at about $7,167,000.  Russell Investments Group Ltd. boosted its stake in shares of  Driven Brands by 11.7% in the first quarter. Russell Investments Group Ltd. now owns 191,435 shares of the company's stock valued at $3,281,000 after purchasing an additional 20,044 shares during the period.  Boston Partners boosted its stake in shares of  Driven Brands by 7.1% in the first quarter. Boston Partners now owns 140,862 shares of the company's stock valued at $2,414,000 after purchasing an additional 9,307 shares during the period.  American Century Companies Inc. grew its holdings in shares of  Driven Brands by 19.5% in the first quarter. American Century Companies Inc. now owns 105,872 shares of the company's stock valued at $1,815,000 after purchasing an additional 17,272 shares in the last quarter.  Finally, Summit Securities Group LLC purchased a new stake in  Driven Brands during the 1st quarter worth approximately $72,000. Hedge funds and other institutional investors own  77.08% of the company's stock. </p><h2>Analysts Set New Price Targets</h2><p>Several equities analysts have commented on DRVN shares. Stifel Nicolaus  set a $23.00 price target on shares of Driven Brands in a research report on Monday, November 17th. William Blair upgraded Driven Brands from a &#34;market perform&#34; rating to an &#34;outperform&#34; rating in a report on Wednesday, December 3rd. JPMorgan Chase &amp; Co. cut their price target on Driven Brands from $23.00 to $21.00 and set an &#34;overweight&#34; rating on the stock in a report on Wednesday, November 12th. BTIG Research lowered their price objective on Driven Brands from $22.00 to $21.00 and set a &#34;buy&#34; rating for the company in a research report on Tuesday, November 4th. Finally, Benchmark  restated a &#34;buy&#34; rating on shares of Driven Brands in a research note on Wednesday, December 3rd. Six investment analysts have rated the stock with a Buy rating, three have issued  a Hold rating and one  has assigned  a Sell rating to the stock. According to data from MarketBeat.com, Driven Brands presently has an average rating of &#34;Moderate Buy&#34; and a consensus price target of $21.22.</p><ul><li>3 Automotive Parts Makers Growing at Double-Digit Rates</li></ul><p><b>View Our Latest Stock Report on Driven Brands</b></p><h2>Driven Brands Price Performance</h2><p>DRVN stock opened at $15.41 on Friday. The business has a 50 day moving average price of $14.78 and a 200 day moving average price of $16.49. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 2.44. The stock has a market cap of $2.53 billion, a price-to-earnings ratio of -12.43, a PEG ratio of 1.29 and a beta of 1.04. Driven Brands Holdings Inc. has a fifty-two week low of $13.44 and a fifty-two week high of $19.74. </p><ul><li>MarketBeat ‘Stock of the Week’: Driven Brands has road to recovery</li></ul><p>Driven Brands (NASDAQ:DRVN - Get Free Report) last released its quarterly earnings data on Wednesday, March 12th. The company reported $0.30 earnings per share for the quarter. The company had revenue of $564.12 million for the quarter. Driven Brands had a negative net margin of 9.14% and a positive return on equity of 25.31%.  Equities research analysts anticipate that  Driven Brands Holdings Inc. will post 0.85 earnings per share for the current fiscal year. </p><h2>Insider Transactions at Driven Brands</h2><p>In other Driven Brands news, Director Jonathan G. Fitzpatrick sold 110,000 shares of the firm's stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $18.05, for a total transaction of $1,985,500.00. Following the transaction, the director owned 2,279,453 shares of the company's stock, valued at approximately $41,144,126.65. This trade represents a 4.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.50% of the stock is owned by corporate insiders. </p><h2>Driven Brands Company Profile</h2> (Free Report)<p>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.</p><h2>Further Reading</h2><ul><li>Five stocks we like better than Driven Brands</li><li>How to Calculate Return on Investment (ROI)</li><li>Synopsys Sees Bullish Shift as Ansys Integration Drives Growth</li><li>How to Profit From Growth Investing </li><li>The Best Holiday Present You Can Give Yourself? Costco Stock</li><li>Where to Find Earnings Call Transcripts</li><li>Why Zscaler Stock Could Be Ready to Bounce After a 30% Selloff</li></ul><p><strong>Want to see what other hedge funds are holding DRVN?</strong> Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report).</p><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RFJWTg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RFJWTg"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Driven Brands Right Now?</h2><p>Before you consider Driven Brands, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Driven Brands wasn't on the list.</p><p>While Driven Brands currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

DRVN

<p>Grizzlyrock Capital LLC reduced its stake in Driven Brands Holdings Inc. by 20.8% in Q2, selling 177,660 shares. The firm now holds 677,631 shares, worth $11.9 million, making Driven Brands its 3rd largest holding. Driven Brands' stock is rated 'Moderate Buy' with a consensus price target of $21.22. The company reported $0.30 EPS for the last quarter with $564.12 million in revenue. Several institutional investors have also adjusted their positions in Driven Brands recently.</p>

Grizzlyrock Capital LLC Sells 177,660 Shares of Driven Brands Holdings Inc. $DRVN