1 week Ago By ABMN Staff
Norges Bank bought a new stake in shares of Driven Brands Holdings Inc. ( NASDAQ:DRVN – Free Report ) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 107,900 shares of the company’s stock, valued at approximately $1,742,000.
Norges Bank owned 0.07% of Driven Brands at the end of the most recent quarter. Other hedge funds and other institutional investors have also added to or reduced their stakes in the company.
Vanguard Group Inc. grew its position in shares of Driven Brands by 0.6% during the 4th quarter.
Vanguard Group Inc. now owns 5,708,430 shares of the company’s stock valued at $92,134,000 after acquiring an additional 31,431 shares during the period. Emeth Value Capital LLC purchased a new position in Driven Brands during the fourth quarter valued at $41,452,000.
Geode Capital Management LLC grew its holdings in Driven Brands by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,511,230 shares of the company’s stock valued at $21,570,000 after purchasing an additional 19,681 shares during the period.
State Street Corp increased its position in Driven Brands by 2.2% in the third quarter. State Street Corp now owns 1,424,332 shares of the company’s stock worth $20,325,000 after buying an additional 30,852 shares in the last quarter.
Finally, Charles Schwab Investment Management Inc. raised its stake in shares of Driven Brands by 0.8% in the fourth quarter.
Charles Schwab Investment Management Inc. now owns 496,073 shares of the company’s stock worth $8,007,000 after buying an additional 4,062 shares during the period. 77.
08% of the stock is owned by hedge funds and other institutional investors. Driven Brands Trading Up 0.5 % Shares of DRVN stock opened at $16.
12 on Friday. 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 stock has a market capitalization of $2.
64 billion, a price-to-earnings ratio of 403.00, a price-to-earnings-growth ratio of 0.79 and a beta of 1.
09. Driven Brands Holdings Inc. has a 12-month low of $10.
59 and a 12-month high of $18.01. The stock’s 50-day moving average price is $16.
43 and its 200-day moving average price is $15.98. Analyst Upgrades and Downgrades A number of research analysts recently issued reports on the company.
BMO Capital Markets boosted their price objective on Driven Brands from $15.00 to $16.00 and gave the company a “market perform” rating in a research note on Wednesday, February 26th.
Piper Sandler increased their price objective on shares of Driven Brands from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 26th.
Canaccord Genuity Group lifted their target price on shares of Driven Brands from $21.00 to $23.00 and gave the company a “buy” rating in a research note on Wednesday, February 26th.
Robert W. Baird set a $25.00 price target on Driven Brands in a research note on Thursday, March 13th.
Finally, JPMorgan Chase & Co. boosted their price objective on Driven Brands from $14.50 to $17.
00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Three investment 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 an average rating of “Moderate Buy” and an average price target of $20.
50. View Our Latest Analysis on DRVN Driven Brands Company Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding DRVN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Driven Brands Holdings Inc.
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