Driven Brands Holdings Inc. (NASDAQ:DRVN) Receives Average Recommendation of "Moderate Buy" from Analysts

Key Points

• Driven Brands Holdings Inc. has received an average recommendation of "Moderate Buy" from analysts, with seven buy ratings and three hold ratings from the ten analysts covering the stock.
• The company's stock has a 1-year price target of $21.60 from analysts, while its recent earnings report showed a quarterly revenue of $550.99 million, exceeding expectations.
• Institutional investors have significantly increased their positions in Driven Brands, with EverSource Wealth Advisors boosting their stake by 744.6% during the second quarter.

Driven Brands Holdings Inc. (NASDAQ:DRVN - Get Free Report) has earned a consensus rating of "Moderate Buy" from the ten analysts that are currently covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $21.60.

Several research firms have commented on DRVN. Canaccord Genuity Group lifted their target price on shares of Driven Brands from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. BTIG Research started coverage on shares of Driven Brands in a report on Monday, June 30th. They set a "buy" rating and a $22.00 price target on the stock. JPMorgan Chase & Co. upgraded shares of Driven Brands from a "neutral" rating to an "overweight" rating and raised their price objective for the company from $17.00 to $23.00 in a research report on Wednesday, August 6th. Zacks Research upgraded shares of Driven Brands to a "hold" rating in a report on Friday, August 8th. Finally, Wall Street Zen downgraded shares of Driven Brands from a "buy" rating to a "hold" rating in a research report on Saturday, August 9th.

Driven Brands Price Performance

DRVN stock opened at $16.98 on Thursday. Driven Brands has a 1 year low of $13.35 and a 1 year high of $18.72. The company has a current ratio of 1.11, a quick ratio of 1.01 and a debt-to-equity ratio of 2.82. The stock has a market cap of $2.79 billion, a PE ratio of -9.99, a price-to-earnings-growth ratio of 1.03 and a beta of 1.08. The stock has a 50-day moving average price of $17.23 and a two-hundred day moving average price of $16.97.

Driven Brands (NASDAQ:DRVN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.36 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.02. Driven Brands had a positive return on equity of 21.17% and a negative net margin of 12.32%.The business had revenue of $550.99 million during the quarter, compared to analysts' expectations of $540.12 million. During the same quarter last year, the company posted $0.35 earnings per share. Driven Brands's quarterly revenue was up 6.2% on a year-over-year basis. Driven Brands has set its FY 2025 guidance at 1.150-1.25 EPS. Equities analysts forecast that Driven Brands will post 0.85 EPS for the current fiscal year.

Institutional Trading of Driven Brands

Institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in Driven Brands by 744.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the company's stock worth $37,000 after buying an additional 1,854 shares during the period. Summit Securities Group LLC bought a new position in Driven Brands in the 1st quarter worth approximately $72,000. Tower Research Capital LLC TRC boosted its stake in Driven Brands by 709.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 8,490 shares of the company's stock valued at $149,000 after buying an additional 7,441 shares in the last quarter. XTX Topco Ltd bought a new stake in shares of Driven Brands during the first quarter worth $182,000. Finally, LPL Financial LLC bought a new stake in shares of Driven Brands in the fourth quarter worth about $178,000. Hedge funds and other institutional investors own 77.08% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.