Driven Brands Holdings Inc. (NASDAQ:DRVN) Receives $17.86 Consensus Target Price from Analysts

Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN - Get Free Report) have received a consensus rating of "Moderate Buy" from the twelve analysts that are covering the company, Marketbeat Ratings reports. Four investment 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 target 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 recent research reports. Royal Bank of Canada increased their target price on Driven Brands from $17.00 to $20.00 and gave the stock an "outperform" rating in a research note on Friday, November 1st. Stifel Nicolaus raised their price target on shares of Driven Brands from $20.00 to $22.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Finally, 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.

Institutional Investors Weigh In On Driven Brands

A number of hedge funds have recently made changes to their positions in DRVN. nVerses Capital LLC bought a new position in Driven Brands in the 3rd quarter valued at approximately $86,000. Townsquare Capital LLC bought a new position in shares of Driven Brands during the third quarter valued at $153,000. Bleakley Financial Group LLC acquired a new position in shares of Driven Brands during the third quarter worth $171,000. Orion Portfolio Solutions LLC increased its holdings in Driven Brands by 54.9% in the third quarter. Orion Portfolio Solutions LLC now owns 16,398 shares of the company's stock valued at $234,000 after purchasing an additional 5,815 shares during the period. Finally, Intech Investment Management LLC acquired a new stake in shares of Driven Brands in the third quarter valued at about $245,000. 77.08% of the stock is currently owned by institutional investors and hedge funds.

Driven Brands Stock Performance

Driven Brands stock traded up $0.01 during mid-day trading on Wednesday, hitting $15.50. 684,392 shares of the company's stock traded hands, compared to its average volume of 504,018. Driven Brands has a fifty-two week low of $10.59 and a fifty-two week high of $17.45. The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 387.50, a P/E/G ratio of 1.14 and a beta of 1.15. The firm has a 50 day simple moving average of $16.31 and a two-hundred day simple moving average of $14.65. 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 (NASDAQ:DRVN - Get Free Report) last announced its earnings results on Thursday, October 31st. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.22 by $0.04. The business had revenue of $591.70 million during the quarter, compared to the consensus estimate of $598.49 million. Driven Brands had a net margin of 0.27% and a return on equity of 14.86%. Driven Brands's revenue was up 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 EPS. On average, research analysts expect that Driven Brands will post 0.86 EPS 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.