Barclays PLC Buys 57,302 Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN)

Barclays PLC boosted its stake in Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) by 27.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 262,370 shares of the company's stock after buying an additional 57,302 shares during the period. Barclays PLC owned 0.16% of Driven Brands worth $4,235,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Blue Trust Inc. raised its holdings in Driven Brands by 600.5% during the fourth quarter. Blue Trust Inc. now owns 9,198 shares of the company's stock worth $148,000 after purchasing an additional 7,885 shares in the last quarter. LPL Financial LLC acquired a new stake in shares of Driven Brands during the fourth quarter worth $178,000. SBI Securities Co. Ltd. purchased a new position in shares of Driven Brands in the fourth quarter worth approximately $215,000. KLP Kapitalforvaltning AS acquired a new stake in Driven Brands during the 4th quarter valued at $216,000. Finally, SG Americas Securities LLC lifted its stake in Driven Brands by 47.2% in the 4th quarter. SG Americas Securities LLC now owns 13,720 shares of the company's stock worth $221,000 after acquiring an additional 4,399 shares in the last quarter. Institutional investors and hedge funds own 77.08% of the company's stock.

Driven Brands Trading Up 1.0 %

DRVN stock traded up $0.17 during midday trading on Friday, reaching $16.91. The stock had a trading volume of 117,953 shares, compared to its average volume of 868,730. 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 twelve month low of $10.59 and a twelve month high of $18.01. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 423.43, a PEG ratio of 0.79 and a beta of 1.09. The business has a fifty day simple moving average of $16.54 and a two-hundred day simple moving average of $16.17.

Driven Brands (NASDAQ:DRVN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.13. Driven Brands had a net margin of 0.27% and a return on equity of 14.86%. The business had revenue of $564.12 million for the quarter, compared to analyst estimates of $572.95 million. During the same period in the prior year, the business posted $0.19 earnings per share. Driven Brands's revenue was up 1.9% compared to the same quarter last year. As a group, research analysts expect that Driven Brands Holdings Inc. will post 0.85 EPS for the current fiscal year.

Analyst Ratings Changes

DRVN has been the subject of several research reports. Piper Sandler lifted their price target on Driven Brands from $19.00 to $22.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. Canaccord Genuity Group lifted their price target on Driven Brands from $21.00 to $23.00 and gave the stock a "buy" rating in a research report on Wednesday, February 26th. BMO Capital Markets boosted their price target on Driven Brands from $15.00 to $16.00 and gave the company a "market perform" rating in a research note on Wednesday, February 26th. Robert W. Baird set a $25.00 price objective on shares of Driven Brands in a research note on Thursday, March 13th. Finally, Benchmark began coverage on Driven Brands in a research note on Friday, April 4th. They set a "buy" rating and a $22.00 price objective for the company. Three analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Driven Brands has a consensus rating of "Moderate Buy" and a consensus price target of $20.50.

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.