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

Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN - Get Free Report) have received a consensus rating of "Moderate Buy" from the eleven analysts that are covering the firm, MarketBeat.com reports. Three investment 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 12-month target price among brokerages that have issued a report on the stock in the last year is $20.30.

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

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Driven Brands by 3.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,104 shares of the company's stock worth $550,000 after acquiring an additional 1,079 shares during the period. HighTower Advisors LLC lifted its stake in Driven Brands by 5.9% in the third quarter. HighTower Advisors LLC now owns 29,161 shares of the company's stock worth $414,000 after acquiring an additional 1,617 shares during the period. MetLife Investment Management LLC increased its position in Driven Brands by 5.7% during the 4th quarter. MetLife Investment Management LLC now owns 37,161 shares of the company's stock valued at $600,000 after purchasing an additional 2,003 shares during the period. Legal & General Group Plc raised its holdings in shares of Driven Brands by 5.5% in the 4th quarter. Legal & General Group Plc now owns 73,791 shares of the company's stock valued at $1,191,000 after purchasing an additional 3,833 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Driven Brands by 20.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,760 shares of the company's stock worth $384,000 after buying an additional 3,952 shares during the period. Institutional investors own 77.08% of the company's stock.

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Driven Brands Stock Down 1.0 %

NASDAQ:DRVN traded down $0.17 during mid-day trading on Monday, hitting $17.10. 156,372 shares of the company's stock were exchanged, compared to its average volume of 853,449. The company has a market cap of $2.80 billion, a PE ratio of 427.00, a P/E/G 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 one year low of $10.59 and a one year high of $18.01. The business has a fifty day moving average price of $16.33 and a 200 day moving average price of $15.76.

Driven Brands (NASDAQ:DRVN - Get Free Report) last released its earnings results on Tuesday, February 25th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.17 by $0.13. Driven Brands had a return on equity of 14.86% and a net margin of 0.27%. The business had revenue of $564.12 million for the quarter, compared to the consensus estimate of $572.95 million. During the same period in the previous year, the company posted $0.19 earnings per share. The company's revenue for the quarter was up 1.9% compared to the same quarter last year. Equities analysts predict that Driven Brands will post 0.85 EPS for the current year.

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.