Analysts Set Driven Brands Holdings Inc. (NASDAQ:DRVN) Target Price at $20.80

Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN) have been given a consensus rating of “Hold” by the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $20.80.

Several brokerages have recently issued reports on DRVN. Wall Street Zen cut Driven Brands from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Driven Brands in a research note on Monday, December 29th. Piper Sandler decreased their price objective on Driven Brands from $22.00 to $19.00 and set an “overweight” rating on the stock in a report on Friday, October 24th. BTIG Research reissued a “buy” rating and issued a $21.00 target price on shares of Driven Brands in a report on Thursday, January 8th. Finally, Stifel Nicolaus set a $23.00 price target on shares of Driven Brands in a research report on Monday, November 17th.

Institutional Trading of Driven Brands

Several hedge funds have recently made changes to their positions in DRVN. Lazard Asset Management LLC grew its position in Driven Brands by 0.3% in the second quarter. Lazard Asset Management LLC now owns 216,423 shares of the company’s stock worth $3,800,000 after acquiring an additional 682 shares in the last quarter. Handelsbanken Fonder AB increased its position in shares of Driven Brands by 2.7% during the 2nd quarter. Handelsbanken Fonder AB now owns 30,900 shares of the company’s stock valued at $543,000 after purchasing an additional 800 shares during the last quarter. Osaic Holdings Inc. increased its position 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 purchasing an additional 941 shares during the last quarter. Creative Planning raised its holdings in Driven Brands by 4.4% during the 2nd quarter. Creative Planning now owns 34,247 shares of the company’s stock valued at $601,000 after buying an additional 1,444 shares during the period. Finally, Boothbay Fund Management LLC lifted its position in Driven Brands by 2.2% in the third quarter. Boothbay Fund Management LLC now owns 69,315 shares of the company’s stock worth $1,117,000 after buying an additional 1,488 shares during the last quarter. 77.08% of the stock is currently owned by hedge funds and other institutional investors.

Driven Brands Price Performance

DRVN stock opened at $16.18 on Friday. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.80 and a current ratio of 0.90. The company’s fifty day moving average price is $14.92 and its 200-day moving average price is $16.02. Driven Brands has a one year low of $13.44 and a one year high of $19.74. The company has a market capitalization of $2.66 billion, a PE ratio of -13.05, a price-to-earnings-growth ratio of 1.15 and a beta of 1.04.

Driven Brands (NASDAQ:DRVN) last posted its earnings results on Tuesday, November 4th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.05. The company had revenue of $535.68 million during the quarter, compared to analysts’ expectations of $535.35 million. Driven Brands had a negative net margin of 9.14% and a positive return on equity of 25.31%. Driven Brands has set its FY 2025 guidance at 1.230-1.280 EPS. On average, equities analysts anticipate that Driven Brands will post 0.85 EPS for the current fiscal year.

About Driven Brands

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.