Brokerages Set Driven Brands Holdings Inc. (NASDAQ:DRVN) Price Target at $16.95

Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the eleven ratings firms that are currently covering the firm, MarketBeat reports. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $16.95.

Several equities analysts recently commented on DRVN shares. BMO Capital Markets assumed coverage on shares of Driven Brands in a research note on Monday, July 22nd. They issued a "market perform" rating and a $14.00 price target on the stock. The Goldman Sachs Group lifted their price target on shares of Driven Brands from $14.00 to $16.00 and gave the stock a "neutral" rating in a report on Friday, August 2nd. Benchmark reiterated a "buy" rating and set a $20.00 price target on shares of Driven Brands in a report on Tuesday, August 20th. Canaccord Genuity Group boosted their target price on shares of Driven Brands from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Thursday, September 19th. Finally, Royal Bank of Canada lifted their price objective on Driven Brands from $14.00 to $16.00 and gave the stock an "outperform" rating in a report on Friday, August 2nd.

Institutional Trading of Driven Brands

A number of hedge funds and other institutional investors have recently modified their holdings of DRVN. Allspring Global Investments Holdings LLC purchased a new stake in Driven Brands during the first quarter valued at $26,000. Norden Group LLC bought a new stake in shares of Driven Brands in the first quarter valued at about $182,000. SG Americas Securities LLC purchased a new stake in shares of Driven Brands in the 1st quarter worth approximately $393,000. Sei Investments Co. boosted its position in Driven Brands by 12.0% during the 1st quarter. Sei Investments Co. now owns 78,370 shares of the company's stock valued at $1,237,000 after acquiring an additional 8,372 shares in the last quarter. Finally, First Eagle Investment Management LLC purchased a new position in Driven Brands in the first quarter valued at about $3,367,000. 77.08% of the stock is owned by hedge funds and other institutional investors.

Driven Brands Price Performance

Shares of DRVN traded up $0.02 during trading hours on Friday, hitting $14.53. The stock had a trading volume of 351,015 shares, compared to its average volume of 1,098,503. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of -3.11, a P/E/G ratio of 0.83 and a beta of 1.13. The company's fifty day moving average is $14.25 and its two-hundred day moving average is $13.23. The company has a debt-to-equity ratio of 3.03, a current ratio of 2.11 and a quick ratio of 1.91. Driven Brands has a 52 week low of $10.59 and a 52 week high of $16.00.

Driven Brands (NASDAQ:DRVN - Get Free Report) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.07. Driven Brands had a negative net margin of 33.56% and a positive return on equity of 15.12%. The company had revenue of $611.60 million during the quarter, compared to analysts' expectations of $628.34 million. During the same quarter in the prior year, the company earned $0.27 earnings per share. The business's quarterly revenue was up .8% compared to the same quarter last year. On average, analysts anticipate that Driven Brands will post 0.88 EPS for the current 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.