Driven Brands Holdings Inc. (NASDAQ:DRVN) Shares Purchased by American Century Companies Inc.

American Century Companies Inc. increased its stake in Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) by 34.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,600 shares of the company's stock after purchasing an additional 22,703 shares during the period. American Century Companies Inc. owned 0.05% of Driven Brands worth $1,430,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of DRVN. HighTower Advisors LLC increased its stake in shares of Driven Brands by 5.9% in the third quarter. HighTower Advisors LLC now owns 29,161 shares of the company's stock worth $414,000 after acquiring an additional 1,617 shares during the period. Charles Schwab Investment Management Inc. grew its position in Driven Brands by 0.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 496,073 shares of the company's stock worth $8,007,000 after purchasing an additional 4,062 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Driven Brands by 47.2% in the 4th quarter. SG Americas Securities LLC now owns 13,720 shares of the company's stock valued at $221,000 after buying an additional 4,399 shares during the period. Handelsbanken Fonder AB boosted its stake in shares of Driven Brands by 24.6% in the fourth quarter. Handelsbanken Fonder AB now owns 24,300 shares of the company's stock worth $392,000 after buying an additional 4,800 shares during the last quarter. Finally, Orion Portfolio Solutions LLC grew its holdings in Driven Brands by 54.9% during the third quarter. Orion Portfolio Solutions LLC now owns 16,398 shares of the company's stock worth $234,000 after acquiring an additional 5,815 shares during the period. Hedge funds and other institutional investors own 77.08% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of Driven Brands from $14.50 to $17.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Piper Sandler increased their price target on Driven Brands from $19.00 to $22.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Robert W. Baird set a $25.00 target price on Driven Brands in a research note on Thursday, March 13th. Benchmark began coverage on shares of Driven Brands in a report on Friday, April 4th. They issued a "buy" rating and a $22.00 price target for the company. Finally, BMO Capital Markets lifted their target price on shares of Driven Brands from $15.00 to $16.00 and gave the company a "market perform" rating in a research report on Wednesday, February 26th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.50.

Driven Brands Stock Up 1.4 %

Shares of DRVN stock traded up $0.22 during trading on Tuesday, reaching $16.42. The company's stock had a trading volume of 30,008 shares, compared to its average volume of 896,814. Driven Brands Holdings Inc. has a 1-year low of $10.59 and a 1-year high of $18.01. The stock's 50-day moving average price is $16.43 and its 200 day moving average price is $16.01. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of 409.35, a P/E/G ratio of 0.79 and a beta of 1.09. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.90 and a quick ratio of 1.72.

Driven Brands (NASDAQ:DRVN - Get Free Report) last announced its quarterly earnings data on Tuesday, February 25th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.13. Driven Brands had a return on equity of 14.86% and a net margin of 0.27%. The business had revenue of $564.12 million for the quarter, compared to analysts' expectations of $572.95 million. During the same period last year, the firm earned $0.19 earnings per share. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. On average, research 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.