Driven Brands Holdings Inc. (NASDAQ:DRVN) Receives Average Recommendation of “Moderate Buy” from Brokerages

Driven Brands Holdings Inc. (NASDAQ:DRVN) has received a consensus rating of “Moderate Buy” from the twelve analysts that are currently covering the company, Marketbeat reports. Four 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 target among brokerages that have issued a report on the stock in the last year is $17.86.

DRVN has been the subject of a number of recent research reports. Benchmark reissued a “buy” rating and issued a $20.00 target price on shares of Driven Brands in a research report on Tuesday, August 20th. Stifel Nicolaus lifted their price objective on Driven Brands from $20.00 to $22.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Royal Bank of Canada upped their price objective on shares of Driven Brands from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Friday, November 1st. Finally, Canaccord Genuity Group increased their target price on shares of Driven Brands from $20.00 to $21.00 and gave the stock a “buy” rating in a research report on Friday, November 1st.

Driven Brands Price Performance

DRVN opened at $16.74 on Friday. The firm’s fifty day moving average price is $15.68 and its two-hundred day moving average price is $14.05. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 418.50, a P/E/G ratio of 1.14 and a beta of 1.15. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.90 and a quick ratio of 1.72. Driven Brands has a 1 year low of $10.59 and a 1 year high of $17.45.

Driven Brands (NASDAQ:DRVN) last released its earnings results on Thursday, October 31st. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.04. The company had revenue of $591.70 million during the quarter, compared to analyst estimates of $598.49 million. Driven Brands had a return on equity of 14.86% and a net margin of 0.27%. Driven Brands’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 earnings per share. As a group, analysts anticipate that Driven Brands will post 0.86 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Driven Brands

A number of large investors have recently added to or reduced their stakes in DRVN. nVerses Capital LLC purchased a new stake in shares of Driven Brands during the third quarter valued at approximately $86,000. Innealta Capital LLC purchased a new stake in Driven Brands during the 2nd quarter valued at $86,000. Townsquare Capital LLC bought a new stake in Driven Brands in the 3rd quarter worth $153,000. Bleakley Financial Group LLC purchased a new position in shares of Driven Brands in the third quarter valued at about $171,000. Finally, Price T Rowe Associates Inc. MD increased its position in shares of Driven Brands by 14.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 13,824 shares of the company’s stock valued at $219,000 after acquiring an additional 1,758 shares during the period. Hedge funds and other institutional investors own 77.08% of the company’s stock.

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.