Driven Brands Holdings Inc. (NASDAQ:DRVN) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Driven Brands has a “Moderate Buy” consensus from 14 analysts, with seven holds, five buys and two strong buys. The average 12-month price target is $16.78, above the reported share price of $12.47.
• Analysts have recently lowered or maintained cautious targets, including BMO Capital Markets cutting its objective to $14 and Goldman Sachs reiterating a neutral rating with a $14.75 target.
• The company reported quarterly earnings of $0.29 per share, while institutional investors own 77.08% of the stock; shares have traded between $9.80 and $19.74 over the past year.

Driven Brands Holdings Inc. (NASDAQ:DRVN - Get Free Report) has received an average rating of "Moderate Buy" from the fourteen brokerages that are currently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $16.7750.

Several equities analysts have recently commented on DRVN shares. BMO Capital Markets reduced 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. The Goldman Sachs Group restated a "neutral" rating and issued a $14.75 target price on shares of Driven Brands in a research report on Wednesday, May 20th. Wall Street Zen lowered Driven Brands from a "buy" rating to a "hold" rating in a research note on Saturday, August 8th. Robert W. Baird set a $18.00 price target on shares of Driven Brands and gave the company an "outperform" rating in a research report on Wednesday, May 20th. Finally, Canaccord Genuity Group set a $17.00 price target on shares of Driven Brands in a research note on Friday, August 7th.

Driven Brands Price Performance

Shares of NASDAQ:DRVN opened at $12.47 on Monday. Driven Brands has a 52-week low of $9.80 and a 52-week high of $19.74. The firm has a fifty day moving average of $13.91 and a 200 day moving average of $13.35. The firm has a market capitalization of $2.06 billion, a PE ratio of 11.99 and a beta of 0.95. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.33 and a current ratio of 1.47.

Driven Brands (NASDAQ:DRVN - Get Free Report) last released its quarterly earnings results on Monday, July 27th. The company reported $0.29 earnings per share for the quarter. Driven Brands had a return on equity of 24.13% and a net margin of 8.61%. As a group, research analysts anticipate that Driven Brands will post 1.12 EPS for the current fiscal year.

Hedge Funds Weigh In On Driven Brands

Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Driven Brands during the second quarter valued at about $67,107,000. Bamco Inc. NY purchased a new position in shares of Driven Brands in the second quarter worth about $62,766,000. Boston Partners increased its holdings in shares of Driven Brands by 1,301.0% in the fourth quarter. Boston Partners now owns 3,426,388 shares of the company's stock worth $50,783,000 after buying an additional 3,181,812 shares during the period. Rubric Capital Management LP bought a new stake in shares of Driven Brands in the 1st quarter valued at about $37,830,000. Finally, Jupiter Topco LLC bought a new stake in shares of Driven Brands in the 2nd quarter valued at about $35,214,000. Institutional investors own 77.08% of the company's stock.

About Driven Brands

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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