Driven Brands Holdings Inc. (NASDAQ:DRVN) Given Consensus Rating of “Hold” by Analysts

Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN) have earned an average rating of “Hold” from the eleven analysts that are currently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $17.25.

Several analysts recently commented on DRVN shares. Barclays lowered their target price on Driven Brands from $25.00 to $22.00 and set an “overweight” rating on the stock in a research report on Monday, May 6th. The Goldman Sachs Group cut their price objective on shares of Driven Brands from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, May 3rd. Piper Sandler decreased their target price on shares of Driven Brands from $18.00 to $14.00 and set an “overweight” rating for the company in a research report on Friday, May 3rd. JPMorgan Chase & Co. downgraded shares of Driven Brands from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $18.00 to $12.50 in a research report on Friday, May 3rd. Finally, Canaccord Genuity Group decreased their price objective on shares of Driven Brands from $21.00 to $17.00 and set a “buy” rating for the company in a report on Friday, May 3rd.

Driven Brands Stock Performance

DRVN stock opened at $13.04 on Wednesday. The stock’s fifty day moving average is $12.00 and its two-hundred day moving average is $13.22. The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of -2.80, a PEG ratio of 0.78 and a beta of 1.12. The company has a debt-to-equity ratio of 3.20, a quick ratio of 1.67 and a current ratio of 1.86. Driven Brands has a 1 year low of $10.59 and a 1 year high of $26.77.

Driven Brands (NASDAQ:DRVN) last posted its earnings results on Thursday, May 2nd. The company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18. Driven Brands had a negative net margin of 33.30% and a positive return on equity of 12.08%. The firm had revenue of $572.23 million during the quarter, compared to analyst estimates of $584.31 million. On average, research analysts predict that Driven Brands will post 0.87 EPS for the current year.

Hedge Funds Weigh In On Driven Brands

A number of institutional investors have recently bought and sold shares of the stock. Kestrel Investment Management Corp acquired a new position in shares of Driven Brands in the fourth quarter worth about $3,067,000. Grizzlyrock Capital LLC purchased a new position in Driven Brands during the 4th quarter worth approximately $2,311,000. Russell Investments Group Ltd. lifted its holdings in shares of Driven Brands by 77.6% in the fourth quarter. Russell Investments Group Ltd. now owns 232,360 shares of the company’s stock valued at $3,313,000 after purchasing an additional 101,535 shares in the last quarter. Quest Partners LLC acquired a new stake in shares of Driven Brands in the fourth quarter worth $197,000. Finally, Capstone Investment Advisors LLC purchased a new position in shares of Driven Brands during the fourth quarter valued at $220,000. Hedge funds and other institutional investors own 77.08% of the company’s stock.

About Driven Brands

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.