Driven Brands Holdings Inc. $DRVN Shares Acquired by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in Driven Brands Holdings Inc. by 11.7% in Q1, now owning approximately 0.12% of the company valued at $3.28 million.
• The company's stock has been subject to significant analyst activity, with ratings ranging from a "buy" to a "hold", and the current consensus rating is a "Moderate Buy" with an average price target of $21.60.
• Driven Brands reported a quarterly earnings per share (EPS) of $0.36, exceeding analyst expectations of $0.34, with a total quarterly revenue of approximately $550.99 million.

Russell Investments Group Ltd. lifted its stake in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) by 11.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 191,435 shares of the company's stock after purchasing an additional 20,044 shares during the period. Russell Investments Group Ltd. owned about 0.12% of Driven Brands worth $3,281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. LPL Financial LLC purchased a new stake in Driven Brands during the 4th quarter worth approximately $178,000. Wells Fargo & Company MN boosted its stake in shares of Driven Brands by 34.5% in the fourth quarter. Wells Fargo & Company MN now owns 34,722 shares of the company's stock worth $560,000 after acquiring an additional 8,909 shares during the last quarter. Invesco Ltd. increased its position in shares of Driven Brands by 14.6% during the fourth quarter. Invesco Ltd. now owns 143,117 shares of the company's stock worth $2,310,000 after purchasing an additional 18,277 shares in the last quarter. Legal & General Group Plc raised its stake in Driven Brands by 5.5% in the 4th quarter. Legal & General Group Plc now owns 73,791 shares of the company's stock valued at $1,191,000 after purchasing an additional 3,833 shares during the last quarter. Finally, Barclays PLC raised its stake in Driven Brands by 27.9% in the 4th quarter. Barclays PLC now owns 262,370 shares of the company's stock valued at $4,235,000 after purchasing an additional 57,302 shares during the last quarter. 77.08% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DRVN has been the subject of a number of research reports. BTIG Research began coverage on shares of Driven Brands in a report on Monday, June 30th. They set a "buy" rating and a $22.00 target price for the company. Zacks Research raised shares of Driven Brands to a "hold" rating in a research note on Friday, August 8th. Canaccord Genuity Group raised their target price on shares of Driven Brands from $23.00 to $24.00 and gave the stock a "buy" rating in a research note on Friday, June 27th. Wall Street Zen lowered Driven Brands from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, JPMorgan Chase & Co. upgraded Driven Brands from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $17.00 to $23.00 in a research report on Wednesday, August 6th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $21.60.

Driven Brands Stock Performance

Driven Brands stock opened at $18.25 on Friday. The firm has a 50 day simple moving average of $17.26 and a 200-day simple moving average of $17.00. The stock has a market cap of $3.00 billion, a price-to-earnings ratio of -10.74, a price-to-earnings-growth ratio of 1.10 and a beta of 1.08. The company has a debt-to-equity ratio of 2.82, a current ratio of 1.11 and a quick ratio of 1.01. Driven Brands Holdings Inc. has a 1-year low of $13.35 and a 1-year high of $18.72.

Driven Brands (NASDAQ:DRVN - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.02. The firm had revenue of $550.99 million for the quarter, compared to analysts' expectations of $540.12 million. Driven Brands had a positive return on equity of 21.17% and a negative net margin of 12.32%.The firm's quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.35 earnings per share. Driven Brands has set its FY 2025 guidance at 1.150-1.25 EPS. On average, analysts expect that Driven Brands Holdings Inc. will post 0.85 EPS for the current year.

Driven Brands 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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