Driven Brands Holdings Inc. (NASDAQ:DRVN) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its stake in Driven Brands Holdings Inc. (NASDAQ:DRVN) by 0.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 496,073 shares of the company’s stock after acquiring an additional 4,062 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Driven Brands were worth $8,007,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Versor Investments LP boosted its holdings in Driven Brands by 107.1% in the 4th quarter. Versor Investments LP now owns 43,900 shares of the company’s stock valued at $709,000 after purchasing an additional 22,700 shares in the last quarter. Emeth Value Capital LLC purchased a new stake in Driven Brands in the 4th quarter valued at approximately $41,452,000. Barclays PLC boosted its holdings in Driven Brands by 36.0% in the 3rd quarter. Barclays PLC now owns 205,068 shares of the company’s stock valued at $2,928,000 after purchasing an additional 54,277 shares in the last quarter. Millrace Asset Group Inc. purchased a new stake in Driven Brands in the 3rd quarter valued at approximately $1,420,000. Finally, Proficio Capital Partners LLC purchased a new stake in Driven Brands in the 4th quarter valued at approximately $375,000. Institutional investors and hedge funds own 77.08% of the company’s stock.

Driven Brands Price Performance

DRVN stock opened at $17.41 on Monday. Driven Brands Holdings Inc. has a 1 year low of $10.59 and a 1 year high of $18.01. The company has a debt-to-equity ratio of 2.84, a quick ratio of 1.72 and a current ratio of 1.90. The stock’s 50 day moving average price is $16.29 and its 200 day moving average price is $15.74. The firm has a market cap of $2.85 billion, a P/E ratio of 435.25, a PEG ratio of 0.79 and a beta of 1.13.

Driven Brands (NASDAQ:DRVN) last posted its earnings results on Tuesday, February 25th. The company reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.13. Driven Brands had a return on equity of 14.86% and a net margin of 0.27%. The firm had revenue of $564.12 million for the quarter, compared to analyst estimates of $572.95 million. During the same quarter in the prior year, the company earned $0.19 EPS. Driven Brands’s revenue was up 1.9% on a year-over-year basis. On average, sell-side analysts expect that Driven Brands Holdings Inc. will post 0.85 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on DRVN shares. Piper Sandler lifted their price objective on Driven Brands from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, February 26th. Robert W. Baird set a $25.00 price objective on Driven Brands in a report on Thursday, March 13th. BMO Capital Markets boosted their price target on Driven Brands from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. boosted their price target on Driven Brands from $14.50 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 26th. Finally, Canaccord Genuity Group boosted their price target on Driven Brands from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.30.

Driven Brands 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.