Driven Brands Holdings Inc. (NASDAQ:DRVN) Receives $17.18 Consensus PT from Analysts

Driven Brands Holdings Inc. (NASDAQ:DRVN) has been given a consensus recommendation of “Moderate Buy” by the fourteen analysts that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $17.1750.

A number of brokerages have commented on DRVN. Canaccord Genuity Group set a $18.00 price objective on Driven Brands in a research report on Monday, June 8th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $14.75 target price on shares of Driven Brands in a report on Wednesday, May 20th. William Blair lowered shares of Driven Brands from an “outperform” rating to a “hold” rating in a research report on Wednesday, April 22nd. Freedom Capital upgraded shares of Driven Brands to a “strong-buy” rating in a report on Monday, March 23rd. Finally, Weiss Ratings raised shares of Driven Brands from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, June 12th.

Institutional Trading of Driven Brands

Several hedge funds and other institutional investors have recently modified their holdings of DRVN. Osaic Holdings Inc. grew its stake in Driven Brands by 82.1% in the second quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock valued at $37,000 after purchasing an additional 941 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Driven Brands by 744.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the company’s stock worth $37,000 after purchasing an additional 1,854 shares in the last quarter. Comerica Bank raised its stake in shares of Driven Brands by 328.8% during the 4th quarter. Comerica Bank now owns 2,933 shares of the company’s stock worth $43,000 after purchasing an additional 2,249 shares in the last quarter. Larson Financial Group LLC lifted its holdings in shares of Driven Brands by 1,347.7% during the 4th quarter. Larson Financial Group LLC now owns 3,822 shares of the company’s stock valued at $57,000 after buying an additional 3,558 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its holdings in shares of Driven Brands by 420.2% during the 1st quarter. SJS Investment Consulting Inc. now owns 4,500 shares of the company’s stock valued at $57,000 after buying an additional 3,635 shares during the last quarter. 77.08% of the stock is currently owned by hedge funds and other institutional investors.

Driven Brands Price Performance

Shares of NASDAQ:DRVN opened at $15.22 on Friday. The company’s fifty day moving average is $13.76 and its two-hundred day moving average is $13.79. The company has a market cap of $2.51 billion, a P/E ratio of 13.59 and a beta of 0.96. Driven Brands has a 12-month low of $9.80 and a 12-month high of $19.74. The company has a quick ratio of 1.25, a current ratio of 1.38 and a debt-to-equity ratio of 2.08.

Driven Brands (NASDAQ:DRVN) last issued its earnings results on Thursday, June 11th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.24 by $0.06. The business had revenue of $484.44 million during the quarter, compared to analysts’ expectations of $480.84 million. Driven Brands had a return on equity of 25.70% and a net margin of 9.08%.Driven Brands’s revenue was down 6.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 earnings per share. Equities analysts expect that Driven Brands will post 1.08 earnings per share for the current fiscal year.

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.