1 week Ago By ABMN Staff
Barclays PLC raised its stake in shares of Driven Brands Holdings Inc. ( NASDAQ:DRVN – Free Report ) by 27.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission.
The firm owned 262,370 shares of the company’s stock after purchasing an additional 57,302 shares during the quarter. Barclays PLC owned approximately 0.16% of Driven Brands worth $4,235,000 at the end of the most recent reporting period.
Several other large investors have also recently made changes to their positions in DRVN. Blue Trust Inc. increased its position in Driven Brands by 600.
5% during the 4th quarter. Blue Trust Inc. now owns 9,198 shares of the company’s stock valued at $148,000 after buying an additional 7,885 shares in the last quarter.
LPL Financial LLC purchased a new position in shares of Driven Brands in the 4th quarter worth about $178,000. SBI Securities Co. Ltd.
purchased a new position in shares of Driven Brands in the 4th quarter worth about $215,000. KLP Kapitalforvaltning AS purchased a new stake in Driven Brands during the 4th quarter valued at about $216,000. Finally, SG Americas Securities LLC increased its stake in Driven Brands by 47.
2% during the 4th quarter. SG Americas Securities LLC now owns 13,720 shares of the company’s stock valued at $221,000 after purchasing an additional 4,399 shares in the last quarter. 77.
08% of the stock is currently owned by hedge funds and other institutional investors. Analysts Set New Price Targets Several brokerages recently weighed in on DRVN. JPMorgan Chase & Co.
raised their price target on shares of Driven Brands from $14.50 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th.
Piper Sandler boosted their price target on Driven Brands from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th.
BMO Capital Markets increased their price objective on Driven Brands from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Wednesday, February 26th.
Canaccord Genuity Group boosted their target price on Driven Brands from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th.
Finally, Robert W. Baird set a $25.00 price target on shares of Driven Brands in a research note on Thursday, March 13th.
Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $20.50.
Driven Brands Stock Performance Shares of NASDAQ DRVN opened at $16.34 on Monday. Driven Brands Holdings Inc.
has a 12-month low of $10.59 and a 12-month high of $18.01.
The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 408.50, a price-to-earnings-growth ratio of 0.
79 and a beta of 1.09. The company has a current ratio of 1.
90, a quick ratio of 1.72 and a debt-to-equity ratio of 2.84.
The firm has a 50 day moving average of $16.42 and a 200 day moving average of $16.13.
Driven Brands ( NASDAQ:DRVN – Get Free Report ) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.
17 by $0.13. The firm had revenue of $564.
12 million during the quarter, compared to analyst estimates of $572.95 million. Driven Brands had a return on equity of 14.
86% and a net margin of 0.27%. Driven Brands’s revenue was up 1.
9% on a year-over-year basis. During the same period in the prior year, the business posted $0.19 EPS.
On average, research analysts anticipate that Driven Brands Holdings Inc. will post 0.85 earnings per share for the current year.
Driven Brands Company Profile ( Free Report ) 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.
Further Reading Receive News & Ratings for Driven Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Driven Brands and related companies with MarketBeat.com's FREE daily email newsletter ..
