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Driven Brands Holdings Inc. (NASDAQ:DRVN) Receives Consensus Rating of "Moderate Buy" from Brokerages

Driven Brands logo with Retail/Wholesale background

Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN - Get Free Report) have earned a consensus rating of "Moderate Buy" from the eleven brokerages that are presently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $21.00.

Several brokerages have recently commented on DRVN. BTIG Research began coverage on Driven Brands in a research note on Monday, June 30th. They set a "buy" rating and a $22.00 price target on the stock. Robert W. Baird set a $25.00 price target on Driven Brands in a research note on Thursday, March 13th. The Goldman Sachs Group began coverage on Driven Brands in a research note on Tuesday, June 3rd. They set a "neutral" rating and a $20.00 price target on the stock. Wall Street Zen upgraded Driven Brands from a "hold" rating to a "buy" rating in a research note on Saturday. Finally, Canaccord Genuity Group raised their price target on Driven Brands from $23.00 to $24.00 and gave the company a "buy" rating in a research note on Friday, June 27th.

View Our Latest Stock Report on Driven Brands

Driven Brands Trading Up 0.9%

DRVN stock traded up $0.16 during midday trading on Wednesday, reaching $18.06. The company's stock had a trading volume of 330,051 shares, compared to its average volume of 690,414. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.33 and a current ratio of 1.47. The stock has a fifty day simple moving average of $17.59 and a two-hundred day simple moving average of $16.72. Driven Brands has a 1 year low of $12.34 and a 1 year high of $18.72. The firm has a market capitalization of $2.97 billion, a price-to-earnings ratio of -9.98, a PEG ratio of 1.03 and a beta of 1.09.

Driven Brands (NASDAQ:DRVN - Get Free Report) last released its earnings results 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. Driven Brands had a positive return on equity of 19.61% and a negative net margin of 12.75%. The business had revenue of $516.16 million for the quarter, compared to analyst estimates of $492.19 million. During the same quarter last year, the firm posted $0.23 earnings per share. The business's revenue was up 7.1% compared to the same quarter last year. On average, equities research analysts predict that Driven Brands will post 0.85 EPS for the current year.

Institutional Investors Weigh In On Driven Brands

A number of institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its position in Driven Brands by 5.2% during the first quarter. Rhumbline Advisers now owns 86,478 shares of the company's stock valued at $1,482,000 after purchasing an additional 4,243 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in Driven Brands by 22.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 139,321 shares of the company's stock worth $2,388,000 after acquiring an additional 25,806 shares in the last quarter. Seven Six Capital Management LLC boosted its holdings in Driven Brands by 34.5% in the first quarter. Seven Six Capital Management LLC now owns 202,600 shares of the company's stock worth $3,473,000 after acquiring an additional 52,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Driven Brands by 4.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,597 shares of the company's stock worth $610,000 after acquiring an additional 1,493 shares in the last quarter. Finally, Cinctive Capital Management LP boosted its holdings in Driven Brands by 36.0% in the first quarter. Cinctive Capital Management LP now owns 123,421 shares of the company's stock worth $2,115,000 after acquiring an additional 32,677 shares in the last quarter. Institutional investors own 77.08% of the company's stock.

Driven Brands Company Profile

(Get Free Report

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.

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