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

Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN) have been given an average rating of “Moderate Buy” by the eleven analysts that are currently covering the company, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $20.30.

A number of research analysts recently weighed in on DRVN shares. BMO Capital Markets increased their price objective on shares of Driven Brands from $15.00 to $16.00 and gave the company a “market perform” rating in a research report on Wednesday, February 26th. Canaccord Genuity Group raised their price target on Driven Brands from $21.00 to $23.00 and gave the stock a “buy” rating in a research note on Wednesday, February 26th. JPMorgan Chase & Co. upped their price objective on Driven Brands from $14.50 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Robert W. Baird set a $25.00 target price on Driven Brands in a research report on Thursday, March 13th. Finally, Piper Sandler upped their price target on shares of Driven Brands from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, February 26th.

Driven Brands Stock Down 0.2 %

DRVN stock opened at $17.86 on Monday. 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 stock has a market capitalization of $2.93 billion, a P/E ratio of 446.50, a P/E/G ratio of 0.79 and a beta of 1.13. The business has a fifty day moving average price of $16.49 and a 200-day moving average price of $15.84.

Driven Brands (NASDAQ:DRVN) last issued its earnings results on Tuesday, February 25th. The company reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.13. The business had revenue of $564.12 million during the quarter, compared to analyst estimates of $572.95 million. Driven Brands had a return on equity of 14.86% and a net margin of 0.27%. Driven Brands’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.19 EPS. Equities analysts forecast that Driven Brands will post 0.85 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Versor Investments LP boosted its position in shares of Driven Brands by 107.1% in the fourth quarter. Versor Investments LP now owns 43,900 shares of the company’s stock worth $709,000 after purchasing an additional 22,700 shares during the period. Emeth Value Capital LLC bought a new position in Driven Brands in the 4th quarter worth $41,452,000. Barclays PLC increased its stake in Driven Brands by 36.0% in the 3rd quarter. Barclays PLC now owns 205,068 shares of the company’s stock worth $2,928,000 after buying an additional 54,277 shares in the last quarter. Millrace Asset Group Inc. bought a new stake in Driven Brands during the third quarter valued at about $1,420,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Driven Brands by 44.4% in the fourth quarter. Bank of New York Mellon Corp now owns 254,542 shares of the company’s stock valued at $4,108,000 after acquiring an additional 78,252 shares in the last quarter. 77.08% of the stock is currently owned by institutional investors.

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.