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

Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN) have been assigned an average rating of “Moderate Buy” from the twelve analysts that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $17.86.

A number of research analysts recently issued reports on DRVN shares. Canaccord Genuity Group lifted their price target on shares of Driven Brands from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Royal Bank of Canada lifted their target price on shares of Driven Brands from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Stifel Nicolaus upped their price target 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, Benchmark reiterated a “buy” rating and set a $20.00 price objective on shares of Driven Brands in a research note on Tuesday, August 20th.

Hedge Funds Weigh In On Driven Brands

Several hedge funds and other institutional investors have recently bought and sold shares of DRVN. nVerses Capital LLC purchased a new position in shares of Driven Brands during the third quarter valued at approximately $86,000. Innealta Capital LLC bought a new stake in Driven Brands in the 2nd quarter worth approximately $86,000. Townsquare Capital LLC purchased a new stake in Driven Brands during the 3rd quarter valued at $153,000. Bleakley Financial Group LLC bought a new position in shares of Driven Brands during the 3rd quarter valued at $171,000. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Driven Brands by 14.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,824 shares of the company’s stock worth $219,000 after buying an additional 1,758 shares during the last quarter. Institutional investors own 77.08% of the company’s stock.

Driven Brands Stock Performance

Driven Brands stock opened at $16.74 on Friday. Driven Brands has a fifty-two week low of $10.59 and a fifty-two week high of $17.45. The stock has a market cap of $2.75 billion, a price-to-earnings ratio of 418.50, a PEG ratio of 1.14 and a beta of 1.15. The stock’s 50 day simple moving average is $15.68 and its two-hundred day simple moving average is $14.05. The company has a debt-to-equity ratio of 2.84, a quick ratio of 1.72 and a current ratio of 1.90.

Driven Brands (NASDAQ:DRVN) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.04. The company had revenue of $591.70 million for the quarter, compared to analysts’ expectations of $598.49 million. Driven Brands had a return on equity of 14.86% and a net margin of 0.27%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 earnings per share. As a group, analysts expect that Driven Brands will post 0.86 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.