Driven Brands Holdings Inc. (NASDAQ:DRVN) Receives Consensus Rating of “Moderate Buy” from Analysts

Driven Brands Holdings Inc. (NASDAQ:DRVN) has received an average rating of “Moderate Buy” from the ten analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $21.2222.

A number of equities analysts have weighed in on DRVN shares. Benchmark restated a “buy” rating on shares of Driven Brands in a report on Wednesday, December 3rd. Weiss Ratings restated a “sell (d)” rating on shares of Driven Brands in a research note on Monday, December 22nd. JPMorgan Chase & Co. lowered their price target on shares of Driven Brands from $23.00 to $21.00 and set an “overweight” rating for the company in a report on Wednesday, November 12th. Wall Street Zen lowered shares of Driven Brands from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Finally, BTIG Research lowered their target price on Driven Brands from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Tuesday, November 4th.

Driven Brands Stock Down 0.6%

Shares of NASDAQ DRVN opened at $14.82 on Wednesday. The stock has a fifty day moving average price of $14.73 and a 200 day moving average price of $16.28. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 2.44. Driven Brands has a 12-month low of $13.44 and a 12-month high of $19.74. The company has a market cap of $2.44 billion, a P/E ratio of -11.95, a P/E/G ratio of 1.24 and a beta of 1.04.

Driven Brands (NASDAQ:DRVN) last issued its earnings results on Wednesday, March 12th. The company reported $0.30 earnings per share for the quarter. The company had revenue of $564.12 million during the quarter. Driven Brands had a positive return on equity of 25.31% and a negative net margin of 9.14%. Research analysts anticipate that Driven Brands will post 0.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Driven Brands

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. boosted its stake in shares of Driven Brands by 82.1% during the 2nd quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock valued at $37,000 after buying an additional 941 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Driven Brands by 744.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the company’s stock valued at $37,000 after acquiring an additional 1,854 shares in the last quarter. Farther Finance Advisors LLC boosted its stake in Driven Brands by 1,113.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,338 shares of the company’s stock valued at $54,000 after acquiring an additional 3,063 shares during the last quarter. Versant Capital Management Inc acquired a new position in Driven Brands during the 3rd quarter worth $84,000. Finally, Federated Hermes Inc. bought a new stake in shares of Driven Brands in the 3rd quarter worth about $108,000. 77.08% of the stock is currently owned by hedge funds and other institutional investors.

Driven Brands Company Profile

Driven Brands Holdings Inc (NASDAQ: DRVN) is a leading North American provider of automotive aftermarket services, operating through a network of franchised and company-owned locations. The company’s platform encompasses a diverse portfolio of car care and maintenance brands, including Meineke Car Care Centers, Maaco Collision Repair & Auto Painting, Take 5 Oil Change, and Carstar Collision Repair. Driven Brands delivers a full range of services from routine maintenance and oil changes to collision repair, paint protection, and vehicle customization.

Headquartered in Charlotte, North Carolina, Driven Brands serves both individual consumers and commercial clients across the United States and Canada.