Cwm LLC Acquires 2,226 Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN)

Cwm LLC increased its holdings in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN) by 16.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,486 shares of the company’s stock after acquiring an additional 2,226 shares during the period. Cwm LLC’s holdings in Driven Brands were worth $221,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. PNC Financial Services Group Inc. raised its holdings in Driven Brands by 877.7% in the third quarter. PNC Financial Services Group Inc. now owns 2,679 shares of the company’s stock worth $34,000 after buying an additional 2,405 shares during the last quarter. Lindbrook Capital LLC raised its holdings in shares of Driven Brands by 126.9% during the fourth quarter. Lindbrook Capital LLC now owns 2,850 shares of the company’s stock valued at $41,000 after purchasing an additional 1,594 shares during the last quarter. Signaturefd LLC raised its holdings in shares of Driven Brands by 6,787.0% during the third quarter. Signaturefd LLC now owns 6,887 shares of the company’s stock valued at $87,000 after purchasing an additional 6,787 shares during the last quarter. Quent Capital LLC raised its holdings in shares of Driven Brands by 17.1% during the fourth quarter. Quent Capital LLC now owns 8,921 shares of the company’s stock valued at $127,000 after purchasing an additional 1,304 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Driven Brands by 27.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,391 shares of the company’s stock valued at $131,000 after purchasing an additional 2,259 shares during the last quarter. Institutional investors own 77.08% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut shares of Driven Brands from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $18.00 to $12.50 in a report on Friday. Piper Sandler decreased their price objective on shares of Driven Brands from $18.00 to $14.00 and set an “overweight” rating for the company in a report on Friday. Royal Bank of Canada decreased their price objective on shares of Driven Brands from $20.00 to $17.00 and set an “outperform” rating for the company in a report on Monday, February 26th. Canaccord Genuity Group decreased their price objective on shares of Driven Brands from $21.00 to $17.00 and set a “buy” rating for the company in a report on Friday. Finally, The Goldman Sachs Group cut their target price on shares of Driven Brands from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Driven Brands currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.94.

Driven Brands Trading Down 0.9 %

Shares of DRVN opened at $11.59 on Friday. Driven Brands Holdings Inc. has a 1-year low of $10.59 and a 1-year high of $29.88. The company has a 50-day moving average of $14.59 and a 200 day moving average of $13.54. The firm has a market capitalization of $1.90 billion, a price-to-earnings ratio of -2.56, a PEG ratio of 0.91 and a beta of 1.19. The company has a debt-to-equity ratio of 3.21, a current ratio of 1.92 and a quick ratio of 1.73.

Driven Brands (NASDAQ:DRVN) last announced its quarterly earnings data on Thursday, February 22nd. The company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.03. Driven Brands had a negative net margin of 32.33% and a positive return on equity of 11.00%. The company had revenue of $553.70 million during the quarter, compared to analyst estimates of $572.92 million. During the same quarter last year, the business posted $0.22 EPS. The firm’s revenue for the quarter was up 2.6% on a year-over-year basis. On average, research analysts expect that Driven Brands Holdings Inc. will post 0.88 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.