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

Key Points

• Driven Brands has a “Moderate Buy” consensus rating from 17 analysts, with an average 12-month price target of $16.23 versus the stock’s recent $12.04 price.
• Analyst views are mixed: six rate the stock a buy and two a strong buy, while eight recommend holding it and one rates it a sell. Recent targets range from $12.00 at Bank of America to $17.00 at BTIG Research.
• Institutional investors own 77.08% of the shares. The company last reported quarterly EPS of $0.29, with analysts expecting full-year EPS of $1.12.

Driven Brands Holdings Inc. (NASDAQ:DRVN - Get Free Report) has been assigned an average rating of "Moderate Buy" from the seventeen research firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $16.23.

Several research analysts have issued reports on the company. Barclays started coverage on Driven Brands in a research report on Tuesday. They issued an "equal weight" rating and a $14.00 target price on the stock. UBS Group reiterated a "buy" rating on shares of Driven Brands in a research note on Thursday, September 10th. Bank of America started coverage on shares of Driven Brands in a report on Thursday, September 10th. They issued an "underperform" rating and a $12.00 price objective on the stock. Morgan Stanley set a $14.00 target price on shares of Driven Brands in a research report on Friday, August 7th. Finally, BTIG Research reaffirmed a "buy" rating and set a $17.00 target price on shares of Driven Brands in a report on Friday, June 12th.

Institutional Investors Weigh In On Driven Brands

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Engineers Gate Manager LP purchased a new position in Driven Brands during the second quarter valued at $310,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Driven Brands by 13.4% in the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 143,213 shares of the company's stock worth $1,996,000 after buying an additional 16,903 shares during the period. Hsbc Holdings PLC raised its stake in shares of Driven Brands by 53.7% in the second quarter. Hsbc Holdings PLC now owns 50,819 shares of the company's stock worth $696,000 after buying an additional 17,745 shares during the period. Corient Private Wealth LP purchased a new position in shares of Driven Brands during the 2nd quarter valued at about $2,371,000. Finally, Bamco Inc. NY bought a new position in shares of Driven Brands during the 2nd quarter valued at approximately $62,766,000. 77.08% of the stock is currently owned by hedge funds and other institutional investors.

Driven Brands Price Performance

Shares of DRVN opened at $12.04 on Friday. The firm has a fifty day simple moving average of $13.22 and a two-hundred day simple moving average of $13.10. The firm has a market cap of $1.99 billion, a PE ratio of 11.58, a P/E/G ratio of 2.12 and a beta of 0.94. The company has a current ratio of 1.47, a quick ratio of 1.33 and a debt-to-equity ratio of 1.99. Driven Brands has a 1-year low of $9.80 and a 1-year high of $17.30.

Driven Brands (NASDAQ:DRVN - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The company reported $0.29 EPS for the quarter. Driven Brands had a return on equity of 24.13% and a net margin of 8.61%. On average, equities analysts anticipate that Driven Brands will post 1.12 EPS for the current year.

About Driven Brands

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.