Driven Brands Holdings Inc. (NASDAQ:DRVN - Get Free Report)'s share price reached a new 52-week high during trading on Saturday . The stock traded as high as $17.57 and last traded at $17.53, with a volume of 1193012 shares. The stock had previously closed at $16.23.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on the company. Stifel Nicolaus raised their price target on Driven Brands from $20.00 to $22.00 and gave the company a "buy" rating in a report on Thursday, November 14th. JPMorgan Chase & Co. lifted their price objective on shares of Driven Brands from $14.50 to $17.00 and gave the stock a "neutral" rating in a report on Wednesday, February 26th. Piper Sandler increased their target price on Driven Brands from $19.00 to $22.00 and gave the company an "overweight" rating in a research note on Wednesday, February 26th. Canaccord Genuity Group lifted their price target on Driven Brands from $21.00 to $23.00 and gave the stock a "buy" rating in a research note on Wednesday, February 26th. Finally, BMO Capital Markets upped their price objective on Driven Brands from $15.00 to $16.00 and gave the stock a "market perform" rating in a report on Wednesday, February 26th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Driven Brands has a consensus rating of "Moderate Buy" and an average target price of $19.60.
View Our Latest Stock Report on Driven Brands
Driven Brands Price Performance
The firm has a fifty day moving average of $16.06 and a two-hundred day moving average of $15.50. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 2.84. The company has a market capitalization of $2.70 billion, a PE ratio of 412.00, a PEG ratio of 0.79 and a beta of 1.15.
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 for the quarter, beating analysts' consensus estimates of $0.17 by $0.13. Driven Brands had a return on equity of 14.86% and a net margin of 0.27%. The firm had revenue of $564.12 million during the quarter, compared to analyst estimates of $572.95 million. During the same quarter in the prior year, the firm posted $0.19 earnings per share. The business's quarterly revenue was up 1.9% compared to the same quarter last year. Research analysts anticipate that Driven Brands Holdings Inc. will post 0.85 EPS for the current fiscal year.
Institutional Investors Weigh In On Driven Brands
A number of large investors have recently added to or reduced their stakes in DRVN. Mackenzie Financial Corp boosted its holdings in shares of Driven Brands by 260.7% during the fourth quarter. Mackenzie Financial Corp now owns 44,453 shares of the company's stock worth $717,000 after purchasing an additional 32,130 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Driven Brands by 27.0% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 113,515 shares of the company's stock valued at $1,832,000 after purchasing an additional 24,112 shares during the last quarter. State of Wyoming purchased a new stake in Driven Brands in the 4th quarter worth approximately $351,000. Seven Six Capital Management LLC bought a new stake in shares of Driven Brands in the 4th quarter worth approximately $2,431,000. Finally, ProShare Advisors LLC increased its stake in shares of Driven Brands by 49.0% during the fourth quarter. ProShare Advisors LLC now owns 16,875 shares of the company's stock valued at $272,000 after buying an additional 5,551 shares during the period. Institutional investors own 77.08% of the company's stock.
About Driven Brands
(
Get Free Report)
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.
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