Driven Brands Holdings Inc. (NASDAQ:DRVN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN) have received an average rating of “Moderate Buy” from the eleven research firms that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $19.60.

DRVN has been the subject of a number of research reports. BMO Capital Markets boosted 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. Piper Sandler upped their target price on shares of Driven Brands from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. lifted their price objective on shares of Driven Brands from $14.50 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, February 26th. Stifel Nicolaus raised their price target on Driven Brands from $20.00 to $22.00 and gave the stock a “buy” rating in a report 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.

Institutional Investors Weigh In On Driven Brands

Hedge funds have recently modified their holdings of the stock. GSA Capital Partners LLP purchased a new stake in shares of Driven Brands during the third quarter valued at $697,000. Versor Investments LP lifted its holdings in shares of Driven Brands by 107.1% during the fourth quarter. Versor Investments LP now owns 43,900 shares of the company’s stock valued at $709,000 after purchasing an additional 22,700 shares during the last quarter. Emeth Value Capital LLC purchased a new stake in shares of Driven Brands during the fourth quarter valued at $41,452,000. Barclays PLC lifted its holdings in shares of Driven Brands by 36.0% during the third quarter. Barclays PLC now owns 205,068 shares of the company’s stock valued at $2,928,000 after purchasing an additional 54,277 shares during the last quarter. Finally, Millrace Asset Group Inc. purchased a new stake in shares of Driven Brands during the third quarter valued at $1,420,000. 77.08% of the stock is owned by hedge funds and other institutional investors.

Driven Brands Trading Up 0.1 %

Shares of DRVN stock opened at $16.48 on Thursday. Driven Brands has a twelve month low of $10.59 and a twelve month high of $18.01. The firm has a 50-day moving average price of $16.07 and a 200 day moving average price of $15.50. 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 company has a market capitalization of $2.70 billion, a price-to-earnings ratio of 412.00, a PEG ratio of 0.79 and a beta of 1.13.

Driven Brands (NASDAQ:DRVN) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.13. Driven Brands had a net margin of 0.27% and a return on equity of 14.86%. The company had revenue of $564.12 million during the quarter, compared to the consensus estimate of $572.95 million. During the same quarter in the prior year, the company posted $0.19 EPS. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. Research analysts forecast that Driven Brands will post 0.85 earnings per share for the current fiscal 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.