Driven Brands (NASDAQ:DRVN) Now Covered by Analysts at The Goldman Sachs Group

The Goldman Sachs Group initiated coverage on shares of Driven Brands (NASDAQ:DRVN - Free Report) in a research note released on Tuesday morning. The firm issued a neutral rating and a $20.00 price target on the stock.

Several other brokerages have also weighed in on DRVN. Wall Street Zen lowered Driven Brands from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd. Piper Sandler upped their price target on shares of Driven Brands from $19.00 to $22.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 26th. Canaccord Genuity Group lifted their price objective on shares of Driven Brands from $21.00 to $23.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th. BMO Capital Markets upped their target price on shares of Driven Brands from $15.00 to $16.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 26th. Finally, Robert W. Baird set a $25.00 price target on shares of Driven Brands in a research note on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $20.78.

Driven Brands Stock Performance

Shares of NASDAQ:DRVN traded down $0.12 during trading on Tuesday, reaching $17.53. 1,351,180 shares of the company's stock traded hands, compared to its average volume of 776,780. The stock has a market capitalization of $2.88 billion, a P/E ratio of 438.25, a price-to-earnings-growth ratio of 0.79 and a beta of 1.11. Driven Brands has a 12 month low of $10.88 and a 12 month high of $18.72. The company has a 50 day moving average of $17.00 and a 200-day moving average of $16.60. 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 (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 return on equity of 14.86% and a net margin of 0.27%. 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 Trading of Driven Brands

Institutional investors have recently made changes to their positions in the stock. Bamco Inc. NY boosted its position 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 in the last quarter. Norwood Investment Partners LP acquired a new stake in Driven Brands during the first quarter valued at approximately $15,892,000. North Peak Capital Management LLC boosted its holdings in Driven Brands by 8.6% during the fourth quarter. North Peak Capital Management LLC now owns 5,756,217 shares of the company's stock worth $92,905,000 after buying an additional 457,217 shares in the last quarter. Nuveen LLC bought a new position in shares of Driven Brands in the first quarter valued at $7,167,000. Finally, Dimensional Fund Advisors LP lifted its position 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 acquiring an additional 416,744 shares during the last quarter. 77.08% of the stock is owned by institutional investors and hedge funds.

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.