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

Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN) have been given a consensus recommendation of “Moderate Buy” by the fourteen analysts that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell rating, six have given a hold rating, five have given a buy rating and two have given a strong buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $17.1750.

A number of analysts recently commented on DRVN shares. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $14.75 target price on shares of Driven Brands in a research report on Wednesday, May 20th. BMO Capital Markets reduced their price objective on Driven Brands from $18.00 to $14.00 and set a “market perform” rating for the company in a research note on Thursday, May 21st. Robert W. Baird set a $18.00 price objective on Driven Brands and gave the company an “outperform” rating in a report on Wednesday, May 20th. Royal Bank Of Canada lowered their target price on Driven Brands from $18.00 to $17.00 and set an “outperform” rating on the stock in a research report on Thursday, June 11th. Finally, Freedom Capital upgraded Driven Brands to a “strong-buy” rating in a report on Monday, March 23rd.

Driven Brands Stock Up 1.4%

NASDAQ DRVN traded up $0.21 on Friday, hitting $15.50. 816,838 shares of the company were exchanged, compared to its average volume of 966,218. The company has a market cap of $2.56 billion, a PE ratio of 13.84 and a beta of 0.96. Driven Brands has a 12 month low of $9.80 and a 12 month high of $19.74. The stock has a fifty day moving average of $13.59 and a 200-day moving average of $13.78. The company has a current ratio of 1.38, a quick ratio of 1.25 and a debt-to-equity ratio of 2.08.

Driven Brands (NASDAQ:DRVN) last posted its quarterly earnings results on Thursday, June 11th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. Driven Brands had a net margin of 9.08% and a return on equity of 25.70%. The business had revenue of $484.44 million during the quarter, compared to analysts’ expectations of $480.84 million. During the same period last year, the company posted $0.27 earnings per share. The business’s quarterly revenue was down 6.2% on a year-over-year basis. As a group, analysts forecast that Driven Brands will post 1.08 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Osaic Holdings Inc. grew its holdings in shares of Driven Brands by 82.1% during the second quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock valued at $37,000 after buying an additional 941 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Driven Brands by 744.6% during the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the company’s stock worth $37,000 after acquiring an additional 1,854 shares in the last quarter. Comerica Bank raised its holdings in shares of Driven Brands by 328.8% in the 4th quarter. Comerica Bank now owns 2,933 shares of the company’s stock worth $43,000 after acquiring an additional 2,249 shares during the last quarter. Larson Financial Group LLC raised its holdings in shares of Driven Brands by 1,347.7% in the 4th quarter. Larson Financial Group LLC now owns 3,822 shares of the company’s stock worth $57,000 after acquiring an additional 3,558 shares during the last quarter. Finally, SJS Investment Consulting Inc. lifted its position in Driven Brands by 420.2% in the 1st quarter. SJS Investment Consulting Inc. now owns 4,500 shares of the company’s stock valued at $57,000 after acquiring an additional 3,635 shares in the last quarter. 77.08% of the stock is owned by institutional investors.

Driven Brands Company Profile

Driven Brands Holdings Inc (NASDAQ: DRVN) is a leading North American provider of automotive aftermarket services, operating through a network of franchised and company-owned locations. The company’s platform encompasses a diverse portfolio of car care and maintenance brands, including Meineke Car Care Centers, Maaco Collision Repair & Auto Painting, Take 5 Oil Change, and Carstar Collision Repair. Driven Brands delivers a full range of services from routine maintenance and oil changes to collision repair, paint protection, and vehicle customization.

Headquartered in Charlotte, North Carolina, Driven Brands serves both individual consumers and commercial clients across the United States and Canada.