Driven Brands Holdings Inc. (NASDAQ:DRVN) Receives $17.48 Consensus Target Price from Brokerages

Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN) have been assigned an average recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $17.4750.

Several research firms have weighed in on DRVN. BMO Capital Markets cut their price objective on Driven Brands from $18.00 to $14.00 and set a “market perform” rating on the stock in a research report on Thursday, May 21st. BTIG Research dropped their target price on shares of Driven Brands from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Wednesday, May 20th. Morgan Stanley dropped their target price on shares of Driven Brands from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Wednesday, May 20th. The Goldman Sachs Group restated a “neutral” rating and set a $14.75 target price on shares of Driven Brands in a report on Wednesday, May 20th. Finally, Robert W. Baird set a $18.00 price target on Driven Brands and gave the stock an “outperform” rating in a research report on Wednesday, May 20th.

Driven Brands Stock Performance

NASDAQ:DRVN opened at $14.22 on Friday. The stock has a market cap of $2.35 billion, a P/E ratio of 17.13 and a beta of 0.97. The firm’s fifty day simple moving average is $12.75 and its 200 day simple moving average is $13.97. Driven Brands has a twelve month low of $9.80 and a twelve month high of $19.74. The company has a quick ratio of 0.67, a current ratio of 0.75 and a debt-to-equity ratio of 2.45.

Driven Brands (NASDAQ:DRVN) last released its quarterly earnings results on Tuesday, May 19th. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.10. The business had revenue of $259.60 million for the quarter, compared to analysts’ expectations of $454.91 million. Driven Brands had a net margin of 6.55% and a return on equity of 25.83%. Driven Brands has set its FY 2026 guidance at 1.150-1.250 EPS. As a group, research analysts predict that Driven Brands will post 1.14 EPS for the current year.

Institutional Trading of Driven Brands

A number of hedge funds have recently made changes to their positions in DRVN. Boston Partners boosted its position in shares of Driven Brands by 1,301.0% in the 4th quarter. Boston Partners now owns 3,426,388 shares of the company’s stock worth $50,783,000 after purchasing an additional 3,181,812 shares in the last quarter. Rubric Capital Management LP bought a new position in Driven Brands in the 1st quarter worth about $37,830,000. AustralianSuper Pty Ltd bought a new position in Driven Brands in the 3rd quarter worth about $44,645,000. Simcoe Capital Management LLC bought a new position in Driven Brands in the 3rd quarter worth about $33,911,000. Finally, North Peak Capital Management LLC boosted its stake in Driven Brands by 37.3% in the 4th quarter. North Peak Capital Management LLC now owns 3,990,850 shares of the company’s stock worth $59,144,000 after purchasing an additional 1,083,896 shares in the last quarter. 77.08% of the stock is owned by 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.