Driven Brands Holdings Inc. (NASDAQ:DRVN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Driven Brands Holdings Inc. (NASDAQ:DRVN) has earned an average recommendation of “Moderate Buy” from the eleven analysts that are presently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $20.30.

DRVN has been the topic of several research reports. Robert W. Baird set a $25.00 price target on shares of Driven Brands in a research report on Thursday, March 13th. BMO Capital Markets boosted their price target on shares of Driven Brands from $15.00 to $16.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 26th. Piper Sandler boosted their price target on shares of Driven Brands from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 26th. Canaccord Genuity Group boosted their price target on shares of Driven Brands from $21.00 to $23.00 and gave the stock a “buy” rating in a research report on Wednesday, February 26th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Driven Brands from $14.50 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 26th.

Institutional Trading of Driven Brands

Hedge funds have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its stake in Driven Brands by 600.5% in the fourth quarter. Blue Trust Inc. now owns 9,198 shares of the company’s stock worth $148,000 after acquiring an additional 7,885 shares during the period. Townsquare Capital LLC acquired a new position in shares of Driven Brands during the third quarter valued at about $153,000. LPL Financial LLC purchased a new stake in Driven Brands in the fourth quarter valued at approximately $178,000. BNP Paribas Financial Markets purchased a new stake in Driven Brands in the fourth quarter valued at approximately $205,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Driven Brands in the fourth quarter valued at approximately $215,000. 77.08% of the stock is owned by hedge funds and other institutional investors.

Driven Brands Stock Performance

Driven Brands stock opened at $17.41 on Monday. The stock has a market cap of $2.85 billion, a P/E ratio of 435.25, a PEG ratio of 0.79 and a beta of 1.13. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.90 and a quick ratio of 1.72. Driven Brands has a 1 year low of $10.59 and a 1 year high of $18.01. The firm’s 50 day moving average price is $16.29 and its 200-day moving average price is $15.74.

Driven Brands (NASDAQ:DRVN) last released its quarterly earnings data on Tuesday, February 25th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.13. The firm had revenue of $564.12 million for the quarter, compared to analysts’ expectations of $572.95 million. Driven Brands had a net margin of 0.27% and a return on equity of 14.86%. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 earnings per share. On average, equities analysts predict 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.