Driven Brands (NASDAQ:DRVN) Stock Rating Upgraded by Wall Street Zen

Driven Brands (NASDAQ:DRVN - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a report released on Saturday.

DRVN has been the topic of a number of other research reports. BTIG Research started coverage on shares of Driven Brands in a report on Monday, June 30th. They issued a "buy" rating and a $22.00 price objective on the stock. Robert W. Baird set a $25.00 target price on shares of Driven Brands in a research report on Thursday, March 13th. Benchmark assumed coverage on Driven Brands in a report on Friday, April 4th. They set a "buy" rating and a $22.00 price target on the stock. Canaccord Genuity Group boosted their price objective on Driven Brands from $23.00 to $24.00 and gave the stock a "buy" rating in a research report on Friday, June 27th. Finally, The Goldman Sachs Group assumed coverage on Driven Brands in a research report on Tuesday, June 3rd. They issued a "neutral" rating and a $20.00 target price on the stock. Three investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $21.00.

Driven Brands Stock Performance

Shares of NASDAQ:DRVN traded down $0.15 during trading on Friday, reaching $17.61. 1,240,249 shares of the company's stock traded hands, compared to its average volume of 688,977. The stock has a market capitalization of $2.89 billion, a P/E ratio of -9.73, a price-to-earnings-growth ratio of 1.02 and a beta of 1.09. Driven Brands has a 12 month low of $12.34 and a 12 month high of $18.72. The company has a 50 day moving average of $17.63 and a 200-day moving average of $16.74. The company has a debt-to-equity ratio of 4.07, a current ratio of 1.47 and a quick ratio of 1.33.

Driven Brands (NASDAQ:DRVN - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.27 EPS for the quarter, beating analysts' consensus estimates 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 positive return on equity of 19.61% and a negative net margin of 12.75%. Driven Brands's quarterly revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 earnings per share. On average, equities analysts expect that Driven Brands will post 0.85 EPS for the current year.

Institutional Investors Weigh In On Driven Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DRVN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of 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 period. MetLife Investment Management LLC boosted its stake in Driven Brands by 5.7% during the fourth quarter. MetLife Investment Management LLC now owns 37,161 shares of the company's stock valued at $600,000 after buying an additional 2,003 shares in the last quarter. Vident Advisory LLC boosted its stake in Driven Brands by 14.6% during the first quarter. Vident Advisory LLC now owns 19,146 shares of the company's stock valued at $328,000 after buying an additional 2,435 shares in the last quarter. SG Americas Securities LLC grew its holdings in Driven Brands by 25.3% during the first quarter. SG Americas Securities LLC now owns 17,194 shares of the company's stock worth $295,000 after acquiring an additional 3,474 shares during the period. Finally, Legal & General Group Plc raised its position in Driven Brands by 5.5% in the fourth quarter. Legal & General Group Plc now owns 73,791 shares of the company's stock worth $1,191,000 after acquiring an additional 3,833 shares in the last quarter. 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.