Inscription Capital LLC Takes $623,000 Position in Driven Brands Holdings Inc. $DRVN

Inscription Capital LLC purchased a new position in shares of Driven Brands Holdings Inc. (NASDAQ:DRVN) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 38,654 shares of the company’s stock, valued at approximately $623,000.

Other institutional investors have also added to or reduced their stakes in the company. Osaic Holdings Inc. grew its stake in Driven Brands by 82.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock worth $37,000 after buying an additional 941 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Driven Brands by 744.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the company’s stock worth $37,000 after purchasing an additional 1,854 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Driven Brands by 1,113.8% during the third quarter. Farther Finance Advisors LLC now owns 3,338 shares of the company’s stock valued at $54,000 after purchasing an additional 3,063 shares during the period. Versant Capital Management Inc bought a new position in shares of Driven Brands in the third quarter worth approximately $84,000. Finally, Tower Research Capital LLC TRC raised its holdings in Driven Brands by 709.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 8,490 shares of the company’s stock valued at $149,000 after buying an additional 7,441 shares during the last quarter. 77.08% of the stock is owned by hedge funds and other institutional investors.

Driven Brands Stock Up 3.9%

Shares of Driven Brands stock opened at $15.92 on Thursday. Driven Brands Holdings Inc. has a 1 year low of $13.44 and a 1 year high of $19.74. The firm has a market cap of $2.62 billion, a price-to-earnings ratio of -12.84, a PEG ratio of 1.05 and a beta of 1.04. The company has a 50-day moving average of $14.89 and a 200 day moving average of $16.02. The company has a debt-to-equity ratio of 2.44, a current ratio of 0.90 and a quick ratio of 0.80.

Driven Brands (NASDAQ:DRVN) last posted its quarterly earnings data on Tuesday, November 4th. The company reported $0.34 EPS for the quarter, topping the consensus estimate of $0.29 by $0.05. Driven Brands had a negative net margin of 9.14% and a positive return on equity of 25.31%. The business had revenue of $535.68 million for the quarter, compared to analyst estimates of $535.35 million. Driven Brands has set its FY 2025 guidance at 1.230-1.280 EPS. As a group, sell-side analysts anticipate that Driven Brands Holdings Inc. will post 0.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DRVN shares. Morgan Stanley cut their price target on shares of Driven Brands from $20.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. William Blair raised Driven Brands from a “market perform” rating to an “outperform” rating in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. dropped their price target on Driven Brands from $23.00 to $21.00 and set an “overweight” rating for the company in a research note on Wednesday, November 12th. Weiss Ratings reissued a “sell (d)” rating on shares of Driven Brands in a research report on Monday, December 29th. Finally, BTIG Research restated a “buy” rating and issued a $21.00 price objective on shares of Driven Brands in a report on Thursday, January 8th. Six research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $20.80.

Driven Brands Company Profile

Driven Brands Holdings Inc (NASDAQ: DRVN) is a leading North American provider of automotive aftermarket services, operating through a network of franchised and company-owned locations. The company’s platform encompasses a diverse portfolio of car care and maintenance brands, including Meineke Car Care Centers, Maaco Collision Repair & Auto Painting, Take 5 Oil Change, and Carstar Collision Repair. Driven Brands delivers a full range of services from routine maintenance and oil changes to collision repair, paint protection, and vehicle customization.

Headquartered in Charlotte, North Carolina, Driven Brands serves both individual consumers and commercial clients across the United States and Canada.