Driven Brands Holdings Inc. (NASDAQ:DRVN) Receives $17.86 Consensus Target Price from Analysts

Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN) have earned an average rating of “Moderate Buy” from the twelve analysts that are currently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $17.86.

Several research firms have recently issued reports on DRVN. Stifel Nicolaus lifted their target price on shares of Driven Brands from $20.00 to $22.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Canaccord Genuity Group lifted their price objective on Driven Brands from $20.00 to $21.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Royal Bank of Canada boosted their target price on Driven Brands from $17.00 to $20.00 and gave the stock an “outperform” rating in a report on Friday, November 1st.

Driven Brands Trading Down 3.5 %

DRVN opened at $16.12 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.90 and a debt-to-equity ratio of 2.84. Driven Brands has a 52 week low of $10.59 and a 52 week high of $17.45. The stock has a market cap of $2.65 billion, a PE ratio of 403.00, a PEG ratio of 1.14 and a beta of 1.15. The business has a 50 day moving average of $15.83 and a 200-day moving average of $14.18.

Driven Brands (NASDAQ:DRVN) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.22 by $0.04. The business had revenue of $591.70 million during the quarter, compared to analyst estimates of $598.49 million. Driven Brands had a return on equity of 14.86% and a net margin of 0.27%. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 earnings per share. Equities research analysts predict that Driven Brands will post 0.86 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Driven Brands

Several institutional investors have recently modified their holdings of DRVN. Innealta Capital LLC bought a new position in Driven Brands during the 2nd quarter valued at about $86,000. nVerses Capital LLC purchased a new position in shares of Driven Brands during the third quarter valued at approximately $86,000. Townsquare Capital LLC purchased a new stake in Driven Brands in the third quarter worth approximately $153,000. Bleakley Financial Group LLC purchased a new stake in Driven Brands in the third quarter worth approximately $171,000. Finally, Price T Rowe Associates Inc. MD grew its position in Driven Brands by 14.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 13,824 shares of the company’s stock worth $219,000 after purchasing an additional 1,758 shares during the period. 77.08% of the stock is owned by hedge funds and other institutional investors.

Driven Brands Company Profile

Driven Brands Holdings Inc, together with its subsidiaries, provides automotive services to retail and commercial customers in the United States, Canada, and internationally. It offers various services, such as paint, collision, glass, repair, car wash, oil change, and maintenance services. The company also distributes automotive parts, including radiators, air conditioning components, and exhaust products to automotive repair shops, auto parts stores, body shops, and other auto repair outlets; windshields and glass accessories through a network of distribution centers; and consumable products, such as oil filters and wiper blades, as well as training services to repair and maintenance, and paint and collision shops.