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

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

Several analysts have issued reports on the stock. Benchmark assumed coverage on shares of Driven Brands in a research note on Friday, April 4th. They issued a "buy" rating and a $22.00 target price on the stock. JPMorgan Chase & Co. increased their target price on shares of Driven Brands from $14.50 to $17.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 26th. Piper Sandler increased their target price on shares of Driven Brands from $19.00 to $22.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 26th. The Goldman Sachs Group increased their target price on shares of Driven Brands from $16.00 to $20.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Finally, Robert W. Baird set a $25.00 target price on shares of Driven Brands in a research note on Thursday, March 13th.

Hedge Funds Weigh In On Driven Brands

Several institutional investors and hedge funds have recently made changes to their positions in the business. North Peak Capital Management LLC grew its holdings in shares of Driven Brands by 8.6% during the 4th quarter. North Peak Capital Management LLC now owns 5,756,217 shares of the company's stock valued at $92,905,000 after purchasing an additional 457,217 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Driven Brands by 0.6% during the 4th quarter. Vanguard Group Inc. now owns 5,708,430 shares of the company's stock valued at $92,134,000 after purchasing an additional 31,431 shares during the last quarter. Bamco Inc. NY grew its holdings in shares of Driven Brands by 35.7% during the 4th quarter. Bamco Inc. NY now owns 4,750,000 shares of the company's stock valued at $76,665,000 after purchasing an additional 1,250,000 shares during the last quarter. Emeth Value Capital LLC bought a new position in shares of Driven Brands during the 4th quarter valued at $41,452,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Driven Brands by 54.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,186,095 shares of the company's stock valued at $19,141,000 after purchasing an additional 416,744 shares during the last quarter. Institutional investors own 77.08% of the company's stock.

Driven Brands Stock Performance

DRVN traded up $0.15 on Tuesday, hitting $18.20. The company's stock had a trading volume of 435,310 shares, compared to its average volume of 809,764. The company's 50 day simple moving average is $16.88 and its 200-day simple moving average is $16.46. The firm has a market cap of $2.99 billion, a P/E ratio of 455.00, a price-to-earnings-growth ratio of 0.79 and a beta of 1.10. Driven Brands has a 12 month low of $10.64 and a 12 month high of $18.72. 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 (NASDAQ:DRVN - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.23 by $0.04. The company had revenue of $516.16 million during the quarter, compared to the consensus estimate of $492.19 million. Driven Brands had a net margin of 0.27% and a return on equity of 14.86%. Driven Brands's revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $0.23 EPS. Analysts forecast that Driven Brands will post 0.85 EPS for the current year.

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.