Barclays PLC Buys 54,277 Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN)

Barclays PLC raised its stake in Driven Brands Holdings Inc. (NASDAQ:DRVN) by 36.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 205,068 shares of the company’s stock after purchasing an additional 54,277 shares during the period. Barclays PLC owned 0.12% of Driven Brands worth $2,928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Innealta Capital LLC purchased a new position in shares of Driven Brands in the 2nd quarter worth approximately $86,000. nVerses Capital LLC purchased a new position in Driven Brands in the third quarter worth $86,000. Townsquare Capital LLC purchased a new position in Driven Brands in the third quarter worth $153,000. Bleakley Financial Group LLC acquired a new position in shares of Driven Brands during the third quarter worth $171,000. Finally, Orion Portfolio Solutions LLC lifted its holdings in shares of Driven Brands by 54.9% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,398 shares of the company’s stock valued at $234,000 after purchasing an additional 5,815 shares during the last quarter. 77.08% of the stock is currently owned by institutional investors.

Driven Brands Trading Up 0.6 %

Shares of Driven Brands stock opened at $16.14 on Wednesday. Driven Brands Holdings Inc. has a 1 year low of $10.59 and a 1 year high of $17.45. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.90 and a quick ratio of 1.72. The stock has a market cap of $2.65 billion, a PE ratio of 403.50, a price-to-earnings-growth ratio of 1.14 and a beta of 1.15. The firm has a fifty day moving average price of $15.97 and a 200 day moving average price of $14.30.

Driven Brands (NASDAQ:DRVN) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.04. The business had revenue of $591.70 million during the quarter, compared to analysts’ expectations of $598.49 million. Driven Brands had a return on equity of 14.86% and a net margin of 0.27%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.19 EPS. Equities research analysts predict that Driven Brands Holdings Inc. will post 0.86 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. Stifel Nicolaus boosted their target price on Driven Brands from $20.00 to $22.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Royal Bank of Canada boosted their price target on Driven Brands from $17.00 to $20.00 and gave the stock an “outperform” rating in a research note on Friday, November 1st. Finally, Canaccord Genuity Group increased their price objective on shares of Driven Brands from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Driven Brands presently has a consensus rating of “Moderate Buy” and an average target price of $17.86.

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.