Driven Brands (NASDAQ:DRVN) Given “Buy” Rating at BTIG Research

Driven Brands (NASDAQ:DRVN)‘s stock had its “buy” rating reiterated by research analysts at BTIG Research in a research note issued on Thursday, MarketBeat Ratings reports. They presently have a $21.00 price target on the stock. BTIG Research’s price target would suggest a potential upside of 43.05% from the company’s previous close.

DRVN has been the subject of a number of other reports. Benchmark restated a “buy” rating on shares of Driven Brands in a research note on Wednesday, December 3rd. Wall Street Zen downgraded shares of Driven Brands from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Weiss Ratings restated a “sell (d)” rating on shares of Driven Brands in a report on Monday, December 29th. Canaccord Genuity Group reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Driven Brands in a research report on Thursday, September 18th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Driven Brands from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, November 12th. Six analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $21.22.

Driven Brands Price Performance

Shares of DRVN opened at $14.68 on Thursday. 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 has a 50 day moving average price of $14.61 and a 200-day moving average price of $16.16. Driven Brands has a fifty-two week low of $13.44 and a fifty-two week high of $19.74. The stock has a market capitalization of $2.41 billion, a PE ratio of -11.84, a PEG ratio of 1.03 and a beta of 1.04.

Driven Brands (NASDAQ:DRVN) last issued its quarterly earnings data on Wednesday, March 12th. The company reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $564.12 million for the quarter. 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. Equities analysts predict that Driven Brands will post 0.85 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Driven Brands

A number of large investors have recently bought and sold shares of DRVN. AustralianSuper Pty Ltd purchased a new position in Driven Brands during the 3rd quarter worth approximately $44,645,000. Simcoe Capital Management LLC acquired a new stake in shares of Driven Brands in the third quarter worth $33,911,000. Emeth Value Capital LLC raised its holdings in shares of Driven Brands by 34.8% during the third quarter. Emeth Value Capital LLC now owns 3,263,911 shares of the company’s stock worth $52,745,000 after purchasing an additional 842,668 shares during the last quarter. Qube Research & Technologies Ltd purchased a new position in shares of Driven Brands during the third quarter worth $12,599,000. Finally, Advisory Research Inc. acquired a new position in Driven Brands during the third quarter valued at $10,725,000. Hedge funds and other institutional investors own 77.08% of the company’s stock.

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.