Brokerages Set Driven Brands Holdings Inc. (NASDAQ:DRVN) Target Price at $20.30

Driven Brands Holdings Inc. (NASDAQ:DRVN - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $20.30.

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

Hedge Funds Weigh In On Driven Brands

A number of hedge funds have recently added to or reduced their stakes in the stock. Blue Trust Inc. boosted its stake in shares of Driven Brands by 600.5% during the fourth quarter. Blue Trust Inc. now owns 9,198 shares of the company's stock valued at $148,000 after purchasing an additional 7,885 shares in the last quarter. Townsquare Capital LLC bought a new stake in Driven Brands during the 3rd quarter valued at $153,000. LPL Financial LLC purchased a new position in shares of Driven Brands in the 4th quarter valued at $178,000. BNP Paribas Financial Markets bought a new position in shares of Driven Brands in the 4th quarter worth $205,000. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Driven Brands during the 4th quarter worth $215,000. 77.08% of the stock is currently owned by institutional investors.

Driven Brands Price Performance

Shares of Driven Brands stock traded up $0.51 during trading hours on Monday, hitting $17.89. The company's stock had a trading volume of 840,468 shares, compared to its average volume of 850,041. The company has a debt-to-equity ratio of 2.84, a quick ratio of 1.72 and a current ratio of 1.90. Driven Brands has a 12-month low of $10.59 and a 12-month high of $18.01. The business has a 50 day moving average price of $16.40 and a two-hundred day moving average price of $15.79. The company has a market cap of $2.93 billion, a PE ratio of 447.25, a PEG ratio of 0.79 and a beta of 1.13.

Driven Brands (NASDAQ:DRVN - Get Free Report) 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. Analysts expect 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.