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Driven Brands (NASDAQ:DRVN) Downgraded by Zacks Investment Research

Driven Makes (NASDAQ:DRVNGet Score) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” score in a investigate take note issued to investors on Wednesday, reports.

In accordance to Zacks, “Driven Makes Holdings Inc. is an automotive expert services enterprise principally in North The united states. It offers consumer and commercial automotive wants, such as paint, collision, glass, car restore, oil alter, upkeep and automobile wash. Pushed Brands Holdings Inc. is headquartered in Charlotte, NC. “

Independently, Morgan Stanley enhanced their rate concentrate on on shares of Pushed Makes from $39.00 to $41.00 and gave the stock an “overweight” score in a report on Friday, February 18th. A single expenditure analyst has rated the inventory with a sell rating and five have issued a acquire score to the company’s stock. Primarily based on knowledge from MarketBeat, the business has an normal rating of “Buy” and a consensus focus on selling price of $40.17.

Shares of DRVN stock traded up $.45 for the duration of investing several hours on Wednesday, hitting $27.28. The company’s stock had a trading quantity of 271,399 shares, compared to its average quantity of 475,378. The business has a 50 working day going ordinary of $27.56 and a 200 day transferring typical of $29.76. The stock has a marketplace cap of $4.57 billion, a PE ratio of 682.17, a rate-to-earnings-advancement ratio of 1.82 and a beta of 1.13. The corporation has a latest ratio of 1.64, a brief ratio of 1.54 and a credit card debt-to-equity ratio of 1.43. Pushed Brands has a 12-thirty day period reduced of $24.79 and a 12-month large of $34.62.

Driven Manufacturers (NASDAQ:DRVNGet Score) previous launched its quarterly earnings info on Wednesday, February 16th. The enterprise described $.18 EPS for the quarter, beating the consensus estimate of $.16 by $.02. Pushed Brand names had a internet margin of .66% and a return on fairness of 8.69%. The enterprise had revenue of $391.89 million for the quarter, in comparison to the consensus estimate of $352.57 million. Through the exact same period of time in the prior yr, the firm acquired ($.06) EPS. The business’s profits for the quarter was up 35.8% on a year-around-12 months foundation. As a group, analysts anticipate that Pushed Brand names will article 1.02 earnings per share for the present-day fiscal yr.

Numerous hedge money and other institutional traders have a short while ago modified their holdings of DRVN. Bain Capital Community Equity Administration II LLC grew its holdings in shares of Pushed Brands by 63.2% in the third quarter. Bain Cash Public Fairness Administration II LLC now owns 3,745,089 shares of the company’s stock valued at $108,196,000 soon after paying for an more 1,450,954 shares through the interval. Natixis procured a new stake in shares of Driven Brands in the 3rd quarter valued at about $1,421,000. Point72 Asset Management L.P. grew its holdings in shares of Pushed Brand names by 58.8% in the 3rd quarter. Issue72 Asset Administration L.P. now owns 545,400 shares of the company’s stock valued at $15,757,000 soon after buying an supplemental 201,900 shares throughout the period. Funds Earth Traders grew its holdings in shares of Driven Brand names by 18.6% in the 3rd quarter. Funds Planet Buyers now owns 1,430,000 shares of the company’s stock valued at $41,313,000 right after obtaining an extra 224,200 shares during the time period. At last, Wesbanco Bank Inc. grew its holdings in shares of Driven Models by 29.2% in the fourth quarter. Wesbanco Lender Inc. now owns 29,630 shares of the company’s stock valued at $996,000 immediately after paying for an extra 6,700 shares throughout the interval. Institutional investors and hedge resources own 73.70% of the company’s inventory.

Driven Models Organization Profile (Get Ranking)

Pushed Manufacturers Holdings Inc, alongside one another with its subsidiaries, offers automotive companies to retail and professional clients in the United States, Canada, and internationally. The enterprise offers many expert services, such as paint, collision, glass, car or truck mend, car wash, oil alter, and upkeep providers.

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