Analysts Set Driven Brands Holdings Inc. (NASDAQ:DRVN) Price Target at $18.25

Driven Brands Holdings Inc. (NASDAQ:DRVN - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eleven ratings firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $18.25.

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

Hedge Funds Weigh In On Driven Brands

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DRVN. nVerses Capital LLC bought a new stake in shares of Driven Brands during the 3rd quarter worth about $86,000. Blue Trust Inc. grew its holdings in shares of Driven Brands by 600.5% during the 4th quarter. Blue Trust Inc. now owns 9,198 shares of the company's stock worth $148,000 after purchasing an additional 7,885 shares in the last quarter. Townsquare Capital LLC bought a new stake in Driven Brands in the 3rd quarter valued at $153,000. Bleakley Financial Group LLC acquired a new position in Driven Brands in the third quarter worth about $171,000. Finally, SG Americas Securities LLC lifted its position in shares of Driven Brands by 47.2% during the 4th quarter. SG Americas Securities LLC now owns 13,720 shares of the company's stock worth $221,000 after buying an additional 4,399 shares during the period. Institutional investors and hedge funds own 77.08% of the company's stock.

Driven Brands Trading Up 0.7 %

Shares of DRVN traded up $0.11 during midday trading on Friday, reaching $16.40. The company had a trading volume of 314,066 shares, compared to its average volume of 436,225. The firm has a 50 day simple moving average of $16.30 and a 200-day simple moving average of $15.10. Driven Brands has a 1-year low of $10.59 and a 1-year high of $17.45. The company has a quick ratio of 1.72, a current ratio of 1.90 and a debt-to-equity ratio of 2.84. The stock has a market cap of $2.69 billion, a PE ratio of 410.00, a price-to-earnings-growth ratio of 0.86 and a beta of 1.15.

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.