Deutsche Bank AG Boosts Holdings in Driven Brands Holdings Inc. (NASDAQ:DRVN)

Deutsche Bank AG boosted its stake in Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) by 13.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 181,537 shares of the company's stock after acquiring an additional 21,542 shares during the quarter. Deutsche Bank AG owned about 0.11% of Driven Brands worth $2,930,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CastleKnight Management LP lifted its stake in Driven Brands by 20.7% during the fourth quarter. CastleKnight Management LP now owns 317,000 shares of the company's stock worth $5,116,000 after purchasing an additional 54,400 shares during the last quarter. Bamco Inc. NY increased its holdings in shares of Driven Brands by 35.7% during the fourth quarter. Bamco Inc. NY now owns 4,750,000 shares of the company's stock valued at $76,665,000 after purchasing an additional 1,250,000 shares during the period. BNP Paribas Financial Markets acquired a new stake in Driven Brands in the fourth quarter worth approximately $205,000. Ameriprise Financial Inc. lifted its position in Driven Brands by 25.4% in the fourth quarter. Ameriprise Financial Inc. now owns 41,622 shares of the company's stock worth $672,000 after purchasing an additional 8,441 shares during the period. Finally, Gallo Partners LP acquired a new position in Driven Brands during the fourth quarter worth about $1,318,000. Hedge funds and other institutional investors own 77.08% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Robert W. Baird set a $25.00 price objective on shares of Driven Brands in a research note on Thursday, March 13th. JPMorgan Chase & Co. boosted their target price on Driven Brands from $14.50 to $17.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. The Goldman Sachs Group boosted their price objective on Driven Brands from $16.00 to $20.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Canaccord Genuity Group upped their price target on Driven Brands from $21.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. Finally, Wall Street Zen cut Driven Brands from a "buy" rating to a "hold" rating in a report on Thursday. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $20.78.

Driven Brands Trading Down 2.4%

Shares of DRVN stock traded down $0.43 during trading hours on Friday, hitting $17.22. 625,718 shares of the company were exchanged, compared to its average volume of 783,813. Driven Brands Holdings Inc. has a fifty-two week low of $10.88 and a fifty-two week high of $18.72. The firm has a market cap of $2.83 billion, a P/E ratio of 430.50, a P/E/G ratio of 0.79 and a beta of 1.10. The company has a 50 day simple moving average of $16.96 and a two-hundred day simple moving average of $16.54. The company has a debt-to-equity ratio of 2.84, a quick ratio of 1.72 and a current ratio of 1.90.

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