Driven Brands (NASDAQ:DRVN) Given Sell (D-) Rating at Weiss Ratings

Key Points

• Driven Brands (NASDAQ:DRVN) has been given a "sell (D-)" rating by Weiss Ratings, while seven other analysts have given it a "buy" rating and three a "hold" rating, resulting in an average rating of "Moderate Buy."
• The company's stock saw a 6.9% increase during trading, reaching $16.17, with a market cap of $2.66 billion and a P/E ratio of -9.51.
• Insider Jonathan G. Fitzpatrick sold 110,000 shares of Driven Brands, representing a 4.60% decrease in his ownership position.

Driven Brands (NASDAQ:DRVN - Get Free Report)'s stock had its "sell (d-)" rating reissued by equities researchers at Weiss Ratings in a research note issued to investors on Tuesday,Weiss Ratings reports.

Several other research analysts have also recently weighed in on DRVN. Zacks Research upgraded Driven Brands to a "hold" rating in a research report on Friday, August 8th. JPMorgan Chase & Co. upgraded Driven Brands from a "neutral" rating to an "overweight" rating and lifted their price target for the company from $17.00 to $23.00 in a research report on Wednesday, August 6th. BTIG Research reiterated a "buy" rating and set a $22.00 price target on shares of Driven Brands in a research report on Friday, September 12th. Canaccord Genuity Group reiterated a "buy" rating and set a $24.00 price target on shares of Driven Brands in a research report on Thursday, September 18th. Finally, Wall Street Zen cut Driven Brands from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Seven equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Driven Brands presently has an average rating of "Moderate Buy" and an average price target of $21.60.

Driven Brands Stock Up 6.9%

NASDAQ DRVN traded up $1.04 during trading on Tuesday, hitting $16.17. The company's stock had a trading volume of 814,810 shares, compared to its average volume of 780,019. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.11 and a quick ratio of 1.01. The company has a market cap of $2.66 billion, a PE ratio of -9.51, a P/E/G ratio of 0.86 and a beta of 1.06. The business's 50 day simple moving average is $17.05 and its 200-day simple moving average is $17.13. Driven Brands has a fifty-two week low of $13.93 and a fifty-two week high of $19.74.

Driven Brands (NASDAQ:DRVN - Get Free Report) last released its earnings results on Wednesday, March 12th. The company reported $0.30 EPS for the quarter. Driven Brands had a positive return on equity of 21.17% and a negative net margin of 12.32%.The firm had revenue of $564.12 million during the quarter. On average, equities analysts anticipate that Driven Brands will post 0.85 EPS for the current fiscal year.

Insider Transactions at Driven Brands

In related news, Director Jonathan G. Fitzpatrick sold 110,000 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $18.05, for a total transaction of $1,985,500.00. Following the completion of the sale, the director owned 2,279,453 shares of the company's stock, valued at approximately $41,144,126.65. This represents a 4.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.30% of the company's stock.

Institutional Trading of Driven Brands

Several large investors have recently added to or reduced their stakes in the stock. Harbour Capital Advisors LLC purchased a new stake in Driven Brands in the 3rd quarter valued at $846,000. Aaron Wealth Advisors LLC purchased a new stake in Driven Brands in the 3rd quarter valued at $429,000. Osaic Holdings Inc. grew its holdings in Driven Brands by 82.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,087 shares of the company's stock valued at $37,000 after buying an additional 941 shares in the last quarter. Orion Porfolio Solutions LLC grew its holdings in Driven Brands by 74.6% in the 2nd quarter. Orion Porfolio Solutions LLC now owns 25,318 shares of the company's stock valued at $445,000 after buying an additional 10,814 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in Driven Brands by 315.1% in the 2nd quarter. Squarepoint Ops LLC now owns 136,594 shares of the company's stock valued at $2,399,000 after buying an additional 103,684 shares in the last quarter. 77.08% of the stock is currently owned by hedge funds and other institutional investors.

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.

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