Driven Brands Holdings Inc. (NASDAQ:DRVN) Receives $20.30 Consensus Target Price from Analysts

Driven Brands Holdings Inc. (NASDAQ:DRVN) has earned a consensus rating of “Moderate Buy” from the eleven ratings firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $20.30.

DRVN has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on shares of Driven Brands from $14.50 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, February 26th. Canaccord Genuity Group raised their price target on Driven Brands from $21.00 to $23.00 and gave the company a “buy” rating in a report on Wednesday, February 26th. Piper Sandler upped their price objective on Driven Brands from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, February 26th. Robert W. Baird set a $25.00 target price on Driven Brands in a report on Thursday, March 13th. Finally, BMO Capital Markets upped their price target on shares of Driven Brands from $15.00 to $16.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 26th.

Institutional Investors Weigh In On Driven Brands

A number of large investors have recently added to or reduced their stakes in the business. Blue Trust Inc. lifted its holdings in shares of Driven Brands by 600.5% in the fourth quarter. Blue Trust Inc. now owns 9,198 shares of the company’s stock valued at $148,000 after purchasing an additional 7,885 shares in the last quarter. Townsquare Capital LLC purchased a new stake in Driven Brands in the 3rd quarter valued at approximately $153,000. LPL Financial LLC acquired a new stake in Driven Brands during the 4th quarter valued at $178,000. BNP Paribas Financial Markets purchased a new position in Driven Brands during the fourth quarter worth $205,000. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Driven Brands in the fourth quarter worth $215,000. 77.08% of the stock is owned by institutional investors and hedge funds.

Driven Brands Stock Up 1.0 %

DRVN opened at $17.38 on Monday. Driven Brands has a 52 week low of $10.59 and a 52 week high of $18.01. The business has a 50 day moving average price of $16.40 and a two-hundred day moving average price of $15.79. The company has a quick ratio of 1.72, a current ratio of 1.90 and a debt-to-equity ratio of 2.84. The company has a market cap of $2.85 billion, a PE ratio of 434.50, a P/E/G ratio of 0.79 and a beta of 1.13.

Driven Brands (NASDAQ:DRVN) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.30 EPS for the quarter, topping the consensus estimate of $0.17 by $0.13. Driven Brands had a return on equity of 14.86% and a net margin of 0.27%. The business had revenue of $564.12 million during the quarter, compared to analysts’ expectations of $572.95 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. The company’s quarterly revenue was up 1.9% compared to the same quarter last year. As a group, research analysts anticipate 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.