Janus Henderson Group PLC Trims Stake in Driven Brands Holdings Inc. (NASDAQ:DRVN)

Janus Henderson Group PLC trimmed its holdings in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN) by 3.6% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,164,786 shares of the company’s stock after selling 117,161 shares during the quarter. Janus Henderson Group PLC’s holdings in Driven Brands were worth $45,161,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. nVerses Capital LLC acquired a new stake in shares of Driven Brands during the third quarter worth $86,000. Innealta Capital LLC purchased a new stake in shares of Driven Brands during the second quarter worth about $86,000. Townsquare Capital LLC purchased a new stake in shares of Driven Brands during the third quarter worth about $153,000. Bleakley Financial Group LLC acquired a new position in Driven Brands during the third quarter worth about $171,000. Finally, Price T Rowe Associates Inc. MD boosted its position in Driven Brands by 14.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 13,824 shares of the company’s stock worth $219,000 after acquiring an additional 1,758 shares during the last quarter. 77.08% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DRVN has been the topic of several recent analyst reports. Royal Bank of Canada upped their price objective on shares of Driven Brands from $17.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, November 1st. Benchmark restated a “buy” rating and issued a $20.00 target price on shares of Driven Brands in a report on Tuesday, August 20th. Canaccord Genuity Group increased their price target on shares of Driven Brands from $20.00 to $21.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Stifel Nicolaus increased their price target on shares of Driven Brands from $20.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Four research 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’s stock. According to MarketBeat.com, Driven Brands presently has a consensus rating of “Moderate Buy” and a consensus target price of $17.86.

Driven Brands Trading Down 2.1 %

Shares of DRVN stock opened at $16.80 on Friday. The business’s 50 day moving average is $15.34 and its two-hundred day moving average is $13.78. The company has a market cap of $2.76 billion, a PE ratio of 420.00, a price-to-earnings-growth ratio of 1.12 and a beta of 1.15. The company has a quick ratio of 1.72, a current ratio of 1.90 and a debt-to-equity ratio of 2.84. Driven Brands Holdings Inc. has a 12 month low of $10.59 and a 12 month high of $17.35.

Driven Brands (NASDAQ:DRVN) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.04. The firm had revenue of $591.70 million for the quarter, compared to the consensus estimate of $598.49 million. Driven Brands had a net margin of 0.27% and a return on equity of 14.86%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.19 earnings per share. Equities analysts predict that Driven Brands Holdings Inc. will post 0.86 EPS for the current year.

About Driven Brands

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.