Cwm LLC Raises Stock Position in Driven Brands Holdings Inc. (NASDAQ:DRVN)

Cwm LLC increased its stake in Driven Brands Holdings Inc. (NASDAQ:DRVN) by 16.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 15,486 shares of the company’s stock after acquiring an additional 2,226 shares during the quarter. Cwm LLC’s holdings in Driven Brands were worth $221,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its holdings in Driven Brands by 877.7% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,679 shares of the company’s stock worth $34,000 after acquiring an additional 2,405 shares in the last quarter. Lindbrook Capital LLC raised its position in shares of Driven Brands by 126.9% in the fourth quarter. Lindbrook Capital LLC now owns 2,850 shares of the company’s stock valued at $41,000 after buying an additional 1,594 shares during the last quarter. Signaturefd LLC raised its position in shares of Driven Brands by 6,787.0% in the third quarter. Signaturefd LLC now owns 6,887 shares of the company’s stock valued at $87,000 after buying an additional 6,787 shares during the last quarter. Quent Capital LLC lifted its stake in shares of Driven Brands by 17.1% in the fourth quarter. Quent Capital LLC now owns 8,921 shares of the company’s stock worth $127,000 after buying an additional 1,304 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Driven Brands by 27.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,391 shares of the company’s stock worth $131,000 after acquiring an additional 2,259 shares during the last quarter. Hedge funds and other institutional investors own 77.08% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DRVN shares. Royal Bank of Canada decreased their target price on shares of Driven Brands from $20.00 to $17.00 and set an “outperform” rating on the stock in a research note on Monday, February 26th. Morgan Stanley cut Driven Brands from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $22.00 to $14.00 in a report on Tuesday, January 16th. The Goldman Sachs Group lowered their target price on Driven Brands from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday. JPMorgan Chase & Co. cut Driven Brands from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $18.00 to $12.50 in a report on Friday. Finally, Canaccord Genuity Group lowered their target price on Driven Brands from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Friday. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Driven Brands presently has a consensus rating of “Moderate Buy” and an average price target of $17.94.

Driven Brands Stock Down 0.9 %

Shares of NASDAQ DRVN opened at $11.59 on Friday. The firm has a market cap of $1.90 billion, a price-to-earnings ratio of -2.56, a PEG ratio of 0.91 and a beta of 1.19. The company has a quick ratio of 1.73, a current ratio of 1.92 and a debt-to-equity ratio of 3.21. Driven Brands Holdings Inc. has a 52-week low of $10.59 and a 52-week high of $29.88. The business’s 50 day moving average is $14.59 and its two-hundred day moving average is $13.54.

Driven Brands (NASDAQ:DRVN) last announced its earnings results on Thursday, February 22nd. The company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. The company had revenue of $553.70 million for the quarter, compared to analyst estimates of $572.92 million. Driven Brands had a positive return on equity of 11.00% and a negative net margin of 32.33%. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.22 earnings per share. Research analysts predict that Driven Brands Holdings Inc. will post 0.88 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.