Driven Brands Holdings Inc. (NASDAQ:DRVN) Receives $17.86 Consensus Target Price from Analysts

Driven Brands Holdings Inc. (NASDAQ:DRVN) has been assigned a consensus rating of “Moderate Buy” from the twelve ratings firms that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $17.86.

A number of equities research analysts have recently issued reports on DRVN shares. Stifel Nicolaus boosted their target price on shares of Driven Brands from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Canaccord Genuity Group boosted their price objective on shares of Driven Brands from $20.00 to $21.00 and gave the company a “buy” rating in a report on Friday, November 1st. Finally, Royal Bank of Canada raised their target price on shares of Driven Brands from $17.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, November 1st.

Driven Brands Stock Down 1.7 %

DRVN stock opened at $15.23 on Wednesday. Driven Brands has a 1-year low of $10.59 and a 1-year high of $17.45. The business’s 50 day simple moving average is $16.36 and its 200 day simple moving average is $14.69. 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 firm has a market capitalization of $2.50 billion, a PE ratio of 380.75, a PEG ratio of 1.14 and a beta of 1.15.

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

Institutional Investors Weigh In On Driven Brands

Several large investors have recently added to or reduced their stakes in the business. nVerses Capital LLC bought a new position in shares of Driven Brands during the 3rd quarter worth approximately $86,000. Townsquare Capital LLC bought a new position in Driven Brands during the third quarter worth $153,000. Bleakley Financial Group LLC acquired a new stake in Driven Brands in the third quarter worth $171,000. Orion Portfolio Solutions LLC increased its stake in Driven Brands by 54.9% in the third quarter. Orion Portfolio Solutions LLC now owns 16,398 shares of the company’s stock valued at $234,000 after purchasing an additional 5,815 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Driven Brands during the third quarter valued at about $245,000. Institutional investors and hedge funds own 77.08% of the company’s stock.

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.