Lindbrook Capital LLC Increases Position in Driven Brands Holdings Inc. (NASDAQ:DRVN)

Lindbrook Capital LLC lifted its holdings in Driven Brands Holdings Inc. (NASDAQ:DRVN) by 126.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,850 shares of the company’s stock after purchasing an additional 1,594 shares during the period. Lindbrook Capital LLC’s holdings in Driven Brands were worth $41,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. PNC Financial Services Group Inc. increased its stake in shares of Driven Brands by 877.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,679 shares of the company’s stock valued at $34,000 after purchasing an additional 2,405 shares in the last quarter. Signaturefd LLC increased its stake in shares of Driven Brands by 6,787.0% in the 3rd quarter. Signaturefd LLC now owns 6,887 shares of the company’s stock valued at $87,000 after purchasing an additional 6,787 shares in the last quarter. Quent Capital LLC boosted its holdings in Driven Brands by 17.1% in the 4th quarter. Quent Capital LLC now owns 8,921 shares of the company’s stock worth $127,000 after buying an additional 1,304 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Driven Brands by 27.8% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,391 shares of the company’s stock worth $131,000 after buying an additional 2,259 shares during the last quarter. Finally, Blueshift Asset Management LLC boosted its holdings in Driven Brands by 32.6% in the 3rd quarter. Blueshift Asset Management LLC now owns 10,944 shares of the company’s stock worth $138,000 after buying an additional 2,688 shares during the last quarter. Hedge funds and other institutional investors own 77.08% of the company’s stock.

Analysts Set New Price Targets

DRVN has been the topic of several research analyst reports. JPMorgan Chase & Co. lowered their price objective on Driven Brands from $19.00 to $18.00 and set an “overweight” rating on the stock in a report on Tuesday, February 20th. Royal Bank of Canada lowered their price objective on Driven Brands from $20.00 to $17.00 and set an “outperform” rating on the stock in a report on Monday, February 26th. Morgan Stanley cut Driven Brands from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $22.00 to $14.00 in a report on Tuesday, January 16th. Piper Sandler lowered their target price on Driven Brands from $22.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, February 26th. Finally, Canaccord Genuity Group boosted their target price on Driven Brands from $20.00 to $21.00 and gave the stock a “buy” rating in a report on Monday, March 18th. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Driven Brands has an average rating of “Moderate Buy” and a consensus price target of $19.89.

Driven Brands Trading Up 1.3 %

DRVN opened at $14.43 on Friday. Driven Brands Holdings Inc. has a one year low of $10.60 and a one year high of $31.47. The stock has a market capitalization of $2.37 billion, a PE ratio of -3.19, a P/E/G ratio of 0.93 and a beta of 1.18. The business’s 50 day moving average price is $14.61 and its 200 day moving average price is $13.45. The company has a debt-to-equity ratio of 3.21, a quick ratio of 1.73 and a current ratio of 1.92.

Driven Brands (NASDAQ:DRVN) last released its quarterly earnings data on Thursday, February 22nd. The company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Driven Brands had a positive return on equity of 11.00% and a negative net margin of 32.33%. The firm had revenue of $553.70 million for the quarter, compared to analysts’ expectations of $572.92 million. During the same period in the prior year, the firm posted $0.22 earnings per share. The firm’s quarterly revenue was up 2.6% on a year-over-year basis. As a group, equities research analysts expect that Driven Brands Holdings Inc. will post 0.89 EPS for the current year.

Driven Brands Company Profile

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.