Driven Brands Holdings Inc. $DRVN Shares Sold by Deutsche Bank AG

Deutsche Bank AG lessened its stake in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN) by 2.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 176,227 shares of the company’s stock after selling 5,310 shares during the quarter. Deutsche Bank AG owned about 0.11% of Driven Brands worth $3,021,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Driven Brands by 3.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,104 shares of the company’s stock valued at $550,000 after buying an additional 1,079 shares during the last quarter. MetLife Investment Management LLC grew its holdings in Driven Brands by 5.7% during the 4th quarter. MetLife Investment Management LLC now owns 37,161 shares of the company’s stock valued at $600,000 after buying an additional 2,003 shares during the last quarter. SG Americas Securities LLC grew its holdings in Driven Brands by 25.3% during the 1st quarter. SG Americas Securities LLC now owns 17,194 shares of the company’s stock valued at $295,000 after buying an additional 3,474 shares during the last quarter. Legal & General Group Plc grew its holdings in Driven Brands by 5.5% during the 4th quarter. Legal & General Group Plc now owns 73,791 shares of the company’s stock valued at $1,191,000 after buying an additional 3,833 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Driven Brands by 20.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 23,760 shares of the company’s stock valued at $384,000 after buying an additional 3,952 shares during the last quarter. Institutional investors and hedge funds own 77.08% of the company’s stock.

Driven Brands Trading Up 2.0%

Shares of DRVN opened at $17.19 on Wednesday. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 2.82. The firm has a market capitalization of $2.82 billion, a P/E ratio of -10.11, a price-to-earnings-growth ratio of 1.01 and a beta of 1.08. The stock’s fifty day simple moving average is $17.24 and its 200 day simple moving average is $16.97. Driven Brands Holdings Inc. has a twelve month low of $13.35 and a twelve month high of $18.72.

Driven Brands (NASDAQ:DRVN) last issued its earnings results on Tuesday, August 5th. The company reported $0.36 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.02. The business had revenue of $550.99 million for the quarter, compared to analyst estimates of $540.12 million. Driven Brands had a positive return on equity of 21.17% and a negative net margin of 12.32%.The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period last year, the company posted $0.35 EPS. Driven Brands has set its FY 2025 guidance at 1.150-1.25 EPS. On average, equities research analysts forecast that Driven Brands Holdings Inc. will post 0.85 earnings per share for the current year.

Wall Street Analyst Weigh In

DRVN has been the topic of a number of analyst reports. Wall Street Zen cut Driven Brands from a “buy” rating to a “hold” rating in a report on Saturday, August 9th. Zacks Research raised Driven Brands to a “hold” rating in a research note on Friday, August 8th. JPMorgan Chase & Co. raised Driven Brands from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $17.00 to $23.00 in a research note on Wednesday, August 6th. BTIG Research assumed coverage on Driven Brands in a research note on Monday, June 30th. They set a “buy” rating and a $22.00 price target on the stock. Finally, Canaccord Genuity Group increased their price target on Driven Brands from $23.00 to $24.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Driven Brands currently has a consensus rating of “Moderate Buy” and an average price target of $21.60.

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.