Driven Brands Holdings Inc. (NASDAQ:DRVN) Receives $19.60 Average PT from Brokerages

Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN - Get Free Report) have received a consensus rating of "Moderate Buy" from the eleven research firms that are presently covering the stock, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating, seven have assigned 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 $19.60.

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. lifted their target price on Driven Brands from $14.50 to $17.00 and gave the company a "neutral" rating in a research report on Wednesday. Piper Sandler upped their target price on shares of Driven Brands from $19.00 to $22.00 and gave the company an "overweight" rating in a research report on Wednesday. Stifel Nicolaus boosted their price target on shares of Driven Brands from $20.00 to $22.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Canaccord Genuity Group upped their price objective on shares of Driven Brands from $21.00 to $23.00 and gave the stock a "buy" rating in a report on Wednesday. Finally, BMO Capital Markets lifted their target price on shares of Driven Brands from $15.00 to $16.00 and gave the company a "market perform" rating in a report on Wednesday.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in DRVN. Blue Trust Inc. lifted its holdings in 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 buying an additional 7,885 shares during the last quarter. Townsquare Capital LLC purchased a new stake in Driven Brands during the third quarter worth approximately $153,000. LPL Financial LLC purchased a new stake in Driven Brands during the fourth quarter worth approximately $178,000. BNP Paribas Financial Markets purchased a new position in Driven Brands in the fourth quarter valued at approximately $205,000. Finally, SBI Securities Co. Ltd. purchased a new position in Driven Brands in the fourth quarter valued at approximately $215,000. Hedge funds and other institutional investors own 77.08% of the company's stock.

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Driven Brands Price Performance

Shares of NASDAQ DRVN traded up $1.30 during midday trading on Thursday, hitting $17.53. The stock had a trading volume of 1,193,012 shares, compared to its average volume of 867,901. The company has a quick ratio of 1.72, a current ratio of 1.90 and a debt-to-equity ratio of 2.84. Driven Brands has a 1 year low of $10.59 and a 1 year high of $17.57. The company has a market capitalization of $2.87 billion, a PE ratio of 438.25, a P/E/G ratio of 0.79 and a beta of 1.15. The stock has a 50 day simple moving average of $16.03 and a 200-day simple moving average of $15.44.

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