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

Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN - Get Free Report) have been given an average recommendation of "Moderate Buy" by the twelve analysts that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $17.86.

DRVN has been the topic of a number of analyst reports. Canaccord Genuity Group increased their target price on shares of Driven Brands from $20.00 to $21.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Royal Bank of Canada increased their price target on Driven Brands from $17.00 to $20.00 and gave the stock an "outperform" rating in a research report on Friday, November 1st. Stifel Nicolaus lifted their price objective on Driven Brands from $20.00 to $22.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Finally, Benchmark reiterated a "buy" rating and set a $20.00 target price on shares of Driven Brands in a research report on Tuesday, August 20th.

Institutional Investors Weigh In On Driven Brands

Hedge funds and other institutional investors have recently made changes to their positions in the stock. nVerses Capital LLC bought a new stake in Driven Brands during the 3rd quarter worth $86,000. Innealta Capital LLC bought a new stake in shares of Driven Brands during the second quarter worth about $86,000. Townsquare Capital LLC acquired a new position in shares of Driven Brands in the third quarter valued at approximately $153,000. Bleakley Financial Group LLC bought a new position in Driven Brands in the 3rd quarter valued at approximately $171,000. Finally, Price T Rowe Associates Inc. MD raised its holdings in Driven Brands by 14.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,824 shares of the company's stock valued at $219,000 after buying an additional 1,758 shares during the last quarter. 77.08% of the stock is owned by institutional investors.

Driven Brands Stock Performance

DRVN traded down $0.46 during trading on Friday, hitting $16.74. The stock had a trading volume of 454,490 shares, compared to its average volume of 1,033,977. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.90 and a quick ratio of 1.72. The company has a 50 day moving average price of $15.68 and a 200-day moving average price of $14.07. Driven Brands has a one year low of $10.59 and a one year high of $17.45. The firm has a market cap of $2.75 billion, a price-to-earnings ratio of 418.50, a P/E/G ratio of 1.14 and a beta of 1.15.

Driven Brands (NASDAQ:DRVN - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. Driven Brands had a net margin of 0.27% and a return on equity of 14.86%. The company had revenue of $591.70 million during the quarter, compared to analysts' expectations of $598.49 million. During the same quarter in the previous year, the business posted $0.19 earnings per share. Driven Brands's quarterly revenue was up 1.8% on a year-over-year basis. As a group, research analysts predict that Driven Brands will post 0.86 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.