Deutsche Bank AG Purchases 21,542 Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN)

Deutsche Bank AG grew its position in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) by 13.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 181,537 shares of the company's stock after purchasing an additional 21,542 shares during the quarter. Deutsche Bank AG owned approximately 0.11% of Driven Brands worth $2,930,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Versor Investments LP raised its position in Driven Brands by 107.1% in the 4th quarter. Versor Investments LP now owns 43,900 shares of the company's stock worth $709,000 after purchasing an additional 22,700 shares during the period. Emeth Value Capital LLC bought a new position in shares of Driven Brands during the fourth quarter valued at about $41,452,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Driven Brands by 687.6% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 114,327 shares of the company's stock worth $1,845,000 after buying an additional 99,811 shares during the period. Barclays PLC lifted its stake in shares of 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 acquiring an additional 54,277 shares during the last quarter. Finally, Proficio Capital Partners LLC bought a new stake in shares of Driven Brands in the 4th quarter valued at about $375,000. 77.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. 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 note on Wednesday, February 26th. Piper Sandler lifted their target price on shares of Driven Brands from $19.00 to $22.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. The Goldman Sachs Group upped their price target on shares of Driven Brands from $16.00 to $20.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Robert W. Baird set a $25.00 price target on shares of Driven Brands in a report on Thursday, March 13th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Driven Brands from $14.50 to $17.00 and gave the company a "neutral" rating in a research note on Wednesday, February 26th. Four analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $20.78.

Driven Brands Trading Up 5.1%

Shares of NASDAQ:DRVN traded up $0.87 on Tuesday, hitting $18.09. The company had a trading volume of 1,080,116 shares, compared to its average volume of 784,998. The firm's 50-day simple moving average is $16.97 and its two-hundred day simple moving average is $16.56. Driven Brands Holdings Inc. has a 1 year low of $10.88 and a 1 year high of $18.72. The company has a quick ratio of 1.72, a current ratio of 1.90 and a debt-to-equity ratio of 2.84. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of 452.25, a P/E/G ratio of 0.79 and a beta of 1.10.

Driven Brands (NASDAQ:DRVN - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. The company had revenue of $516.16 million during the quarter, compared to the consensus estimate of $492.19 million. Driven Brands had a net margin of 0.27% and a return on equity of 14.86%. Driven Brands's revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.23 earnings per share. Equities analysts anticipate that Driven Brands Holdings Inc. will post 0.85 earnings per share for the current fiscal year.

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.