23,258 Shares in Driven Brands Holdings Inc. (NASDAQ:DRVN) Purchased by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in Driven Brands Holdings Inc. (NASDAQ:DRVN - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 23,258 shares of the company's stock, valued at approximately $375,000.

Several other hedge funds also recently bought and sold shares of the business. HighTower Advisors LLC lifted its holdings in shares of Driven Brands by 5.9% in the 3rd quarter. HighTower Advisors LLC now owns 29,161 shares of the company's stock worth $414,000 after buying an additional 1,617 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 worth $221,000 after buying an additional 4,399 shares during the period. Handelsbanken Fonder AB lifted its holdings in shares of Driven Brands by 24.6% in the 4th 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 period. Orion Portfolio Solutions LLC lifted its holdings in shares of Driven Brands by 54.9% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 16,398 shares of the company's stock worth $234,000 after buying an additional 5,815 shares during the period. Finally, Blue Trust Inc. lifted its holdings in shares of Driven Brands by 600.5% in the 4th quarter. Blue Trust Inc. now owns 9,198 shares of the company's stock worth $148,000 after buying an additional 7,885 shares during the period. Institutional investors own 77.08% of the company's stock.

Analyst Ratings Changes

DRVN has been the subject of several research reports. Piper Sandler upped their target price on Driven Brands from $19.00 to $22.00 and gave the stock an "overweight" rating in a report on Wednesday, February 26th. BMO Capital Markets upped their target price on Driven Brands from $15.00 to $16.00 and gave the stock a "market perform" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. upped their price objective on Driven Brands from $14.50 to $17.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Stifel Nicolaus upped their price objective on Driven Brands from $20.00 to $22.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group upped their price objective on Driven Brands from $21.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Driven Brands has a consensus rating of "Moderate Buy" and a consensus price target of $19.60.

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Driven Brands Stock Performance

Shares of DRVN stock traded up $0.40 during mid-day trading on Friday, reaching $16.95. The stock had a trading volume of 717,027 shares, compared to its average volume of 868,523. The business's fifty day moving average is $16.06 and its 200-day moving average is $15.58. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 2.84. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of 423.75, a PEG ratio of 0.79 and a beta of 1.13. Driven Brands Holdings Inc. has a 1-year low of $10.59 and a 1-year high of $18.01.

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 for the quarter, beating analysts' consensus estimates of $0.17 by $0.13. The business had revenue of $564.12 million for the quarter, compared to analyst estimates of $572.95 million. Driven Brands had a return on equity of 14.86% and a net margin of 0.27%. The company's revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.19 earnings per share. On average, research analysts forecast that Driven Brands Holdings Inc. will post 0.85 earnings per share for the current year.

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.