Driven Brands Holdings Inc. (NASDAQ:DRVN) Stock Has Consensus Price Target of $16.23

Driven Brands Holdings Inc. (NASDAQ:DRVN) has been assigned an average recommendation of “Moderate Buy” from the seventeen ratings firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, eight have given a hold recommendation, six have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $16.23.

Several research firms recently issued reports on DRVN. Bank of America initiated coverage on Driven Brands in a research report on Thursday, September 10th. They set an “underperform” rating and a $12.00 target price for the company. Canaccord Genuity Group boosted their price target on Driven Brands from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Thursday, September 10th. Morgan Stanley set a $14.00 price target on Driven Brands in a research note on Friday, August 7th. UBS Group reaffirmed a “buy” rating on shares of Driven Brands in a report on Thursday, September 10th. Finally, Barclays initiated coverage on shares of Driven Brands in a research report on Tuesday. They set an “equal weight” rating and a $14.00 price objective on the stock.

Institutional Trading of Driven Brands

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in shares of Driven Brands during the second quarter valued at about $67,107,000. Bamco Inc. NY bought a new position in Driven Brands during the second quarter valued at approximately $62,766,000. North Peak Capital Management LLC boosted its stake in Driven Brands by 37.3% during the fourth quarter. North Peak Capital Management LLC now owns 3,990,850 shares of the company’s stock valued at $59,144,000 after buying an additional 1,083,896 shares during the last quarter. Rubric Capital Management LP purchased a new position in Driven Brands during the 1st quarter valued at approximately $37,830,000. Finally, Jupiter Topco LLC purchased a new position in Driven Brands during the 2nd quarter valued at approximately $35,214,000. Hedge funds and other institutional investors own 77.08% of the company’s stock.

Driven Brands Stock Down 2.4%

DRVN opened at $12.04 on Friday. The stock has a market cap of $1.99 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 2.12 and a beta of 0.94. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.33 and a current ratio of 1.47. The firm’s fifty day moving average is $13.22 and its 200 day moving average is $13.10. Driven Brands has a fifty-two week low of $9.80 and a fifty-two week high of $17.30.

Driven Brands (NASDAQ:DRVN) last issued its quarterly earnings results on Monday, July 27th. The company reported $0.29 earnings per share (EPS) for the quarter. Driven Brands had a return on equity of 24.13% and a net margin of 8.61%. On average, sell-side analysts forecast that Driven Brands will post 1.12 earnings per share for the current fiscal year.

Driven Brands Company Profile

Driven Brands Holdings Inc is an automotive services company that operates and franchises a network of businesses serving vehicle owners and commercial customers. Its services include routine vehicle maintenance, oil changes, automotive repair, collision repair, paint and glass services, and car washing.

The company’s portfolio includes brands such as Take 5 Oil Change, Meineke Car Care Centers, MAACO, CARSTAR, and Fix Auto. Through these brands, Driven Brands provides services ranging from preventative maintenance and mechanical repairs to bodywork, paint repair, windshield replacement, and vehicle appearance care.