Driven Brands (NASDAQ:DRVN) Upgraded to “Strong-Buy” at Robert W. Baird

Robert W. Baird upgraded shares of Driven Brands (NASDAQ:DRVNFree Report) to a strong-buy rating in a research report released on Wednesday,Zacks.com reports.

A number of other research analysts also recently weighed in on the stock. BTIG Research decreased their target price on shares of Driven Brands from $21.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday. Zacks Research raised shares of Driven Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 19th. Freedom Capital raised shares of Driven Brands to a “strong-buy” rating in a research report on Monday, March 23rd. Royal Bank Of Canada decreased their target price on shares of Driven Brands from $20.00 to $18.00 and set an “outperform” rating for the company in a research report on Wednesday. Finally, Canaccord Genuity Group decreased their target price on shares of Driven Brands from $24.00 to $20.00 and set a “buy” rating for the company in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $17.86.

Get Our Latest Research Report on DRVN

Driven Brands Stock Down 1.8%

Driven Brands stock opened at $12.99 on Wednesday. The company has a market cap of $2.14 billion, a P/E ratio of 15.65 and a beta of 0.97. Driven Brands has a 1-year low of $9.80 and a 1-year high of $19.74. The company has a fifty day simple moving average of $12.41 and a 200 day simple moving average of $13.99. 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 (NASDAQ:DRVNGet Free Report) last released its earnings results on Tuesday, May 19th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.10. The business had revenue of $259.60 million during the quarter, compared to the consensus estimate of $454.91 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 2026 guidance at 1.150-1.250 EPS. Research analysts anticipate that Driven Brands will post 1.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC grew its position in shares of Driven Brands by 0.3% in the 2nd quarter. Lazard Asset Management LLC now owns 216,423 shares of the company’s stock valued at $3,800,000 after acquiring an additional 682 shares during the period. ProShare Advisors LLC grew its position in shares of Driven Brands by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 10,917 shares of the company’s stock valued at $162,000 after acquiring an additional 701 shares during the period. Mariner LLC grew its position in shares of Driven Brands by 1.1% in the 4th quarter. Mariner LLC now owns 71,736 shares of the company’s stock valued at $1,063,000 after acquiring an additional 812 shares during the period. Osaic Holdings Inc. grew its position in shares of Driven Brands by 82.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock valued at $37,000 after acquiring an additional 941 shares during the period. Finally, Vident Advisory LLC grew its position in shares of Driven Brands by 8.0% in the 4th quarter. Vident Advisory LLC now owns 19,620 shares of the company’s stock valued at $291,000 after acquiring an additional 1,458 shares during the period. Institutional investors own 77.08% of the company’s stock.

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About Driven Brands

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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.

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