Analysts Set Driven Brands Holdings Inc. (NASDAQ:DRVN) Target Price at $20.78

Driven Brands Holdings Inc. (NASDAQ:DRVN - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the ten analysts that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $20.78.

A number of equities research analysts have recently weighed in on DRVN shares. The Goldman Sachs Group boosted their price objective on shares of Driven Brands from $16.00 to $20.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Piper Sandler upped their price target on shares of Driven Brands from $19.00 to $22.00 and gave the company an "overweight" rating in a report on Wednesday, February 26th. JPMorgan Chase & Co. upped their price target on shares of Driven Brands from $14.50 to $17.00 and gave the company a "neutral" rating in a report on Wednesday, February 26th. Robert W. Baird set a $25.00 price target on shares of Driven Brands in a report on Thursday, March 13th. Finally, Canaccord Genuity Group upped their price target on shares of Driven Brands from $21.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, February 26th.

Driven Brands Price Performance

DRVN stock traded up $0.15 during midday trading on Tuesday, reaching $18.05. The company had a trading volume of 639,574 shares, compared to its average volume of 812,075. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.90 and a quick ratio of 1.72. Driven Brands has a 1 year low of $10.64 and a 1 year high of $18.72. The company has a market capitalization of $2.97 billion, a P/E ratio of 451.25, a P/E/G ratio of 0.79 and a beta of 1.10. The firm has a 50-day moving average price of $16.80 and a 200-day moving average price of $16.38.

Driven Brands (NASDAQ:DRVN - Get Free Report) last announced its quarterly earnings data on Tuesday, May 6th. The company reported $0.27 earnings per share for the quarter, topping analysts' consensus estimates of $0.23 by $0.04. The firm had revenue of $516.16 million during the quarter, compared to analyst estimates of $492.19 million. Driven Brands had a net margin of 0.27% and a return on equity of 14.86%. The business's quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 EPS. On average, research analysts anticipate that Driven Brands will post 0.85 earnings per share for the current fiscal year.

Institutional Trading of Driven Brands

Several institutional investors have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Driven Brands by 3.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,104 shares of the company's stock valued at $550,000 after purchasing an additional 1,079 shares during the last quarter. MetLife Investment Management LLC lifted its stake in Driven Brands by 5.7% during the 4th quarter. MetLife Investment Management LLC now owns 37,161 shares of the company's stock valued at $600,000 after acquiring an additional 2,003 shares during the period. Vident Advisory LLC lifted its stake in Driven Brands by 14.6% during the 1st quarter. Vident Advisory LLC now owns 19,146 shares of the company's stock valued at $328,000 after acquiring an additional 2,435 shares during the period. SG Americas Securities LLC lifted its stake in Driven Brands by 25.3% during the 1st quarter. SG Americas Securities LLC now owns 17,194 shares of the company's stock valued at $295,000 after acquiring an additional 3,474 shares during the period. Finally, Legal & General Group Plc lifted its stake in Driven Brands by 5.5% during the 4th quarter. Legal & General Group Plc now owns 73,791 shares of the company's stock valued at $1,191,000 after acquiring an additional 3,833 shares during the period. 77.08% of the stock is owned by hedge funds and other institutional investors.

About Driven Brands

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.