Driven Brands Holdings Inc. (NASDAQ:DRVN) Stock Has Average Price Target of $14.98 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on Driven Brands: among 16 analysts, eight rate it Hold, five Buy or Strong Buy, and three Sell.
• The average 12-month price target is $14.98. Recent views are mixed: Barclays cut its rating to Underweight and lowered its target to $11, while Wall Street Zen upgraded the stock to Buy.
• Driven Brands shares traded at $11.33, within a one-year range of $9.80 to $17.30; institutional investors own 77.08% of the stock.

Driven Brands Holdings Inc. (NASDAQ:DRVN - Get Free Report) has received a consensus rating of "Hold" from the sixteen analysts that are currently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $14.98.

Several brokerages have commented on DRVN. Barclays downgraded shares of Driven Brands from an "equal weight" rating to an "underweight" rating and lowered their price objective for the company from $14.00 to $11.00 in a research report on Wednesday, November 4th. Bank of America assumed coverage on Driven Brands in a research report on Thursday, September 10th. They set an "underperform" rating and a $12.00 price target on the stock. Weiss Ratings lowered Driven Brands from a "hold (c-)" rating to a "sell (d+)" rating in a report on Monday, September 28th. Wall Street Zen upgraded Driven Brands from a "hold" rating to a "buy" rating in a report on Saturday, October 24th. Finally, UBS Group reiterated a "buy" rating on shares of Driven Brands in a report on Thursday, September 10th.

Institutional Investors Weigh In On Driven Brands

A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. purchased a new stake in Driven Brands in the 2nd quarter worth $67,107,000. Bamco Inc. NY purchased a new position in shares of Driven Brands during the second quarter worth approximately $62,766,000. Rubric Capital Management LP purchased a new position in Driven Brands during the first quarter valued at approximately $37,830,000. Jupiter Topco LLC bought a new stake in shares of Driven Brands in the 2nd quarter valued at about $35,214,000. Finally, Janus Henderson Group PLC grew its position in Driven Brands by 0.3% during the 1st quarter. Janus Henderson Group PLC now owns 2,484,305 shares of the company's stock worth $31,327,000 after purchasing an additional 7,126 shares during the last quarter. Institutional investors own 77.08% of the company's stock.

Driven Brands Price Performance

NASDAQ:DRVN traded down $0.20 on Friday, reaching $11.33. The stock had a trading volume of 858,107 shares, compared to its average volume of 1,295,988. Driven Brands has a 1-year low of $9.80 and a 1-year high of $17.30. The company has a market capitalization of $1.87 billion, a P/E ratio of 10.89, a price-to-earnings-growth ratio of 2.51 and a beta of 0.91. The company has a quick ratio of 1.33, a current ratio of 1.47 and a debt-to-equity ratio of 1.99. The stock has a fifty day moving average price of $12.00 and a 200-day moving average price of $13.11.

Driven Brands Company Profile

Driven Brands Holdings Inc. is an automotive aftermarket services company headquartered in Charlotte, North Carolina. It operates and franchises service centers under brands including Take 5 Oil Change, Meineke Car Care Centers, Maaco, CARSTAR and Auto Glass Now. The company provides a range of vehicle services, including oil changes and preventive maintenance, mechanical repairs, collision repair and refinishing, and auto glass replacement. Through 1-800-Radiator & A/C, it also distributes heating and cooling parts to repair shops and other customers.

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