Driven Brands Holdings Inc. (NASDAQ:DRVN – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the fourteen analysts that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $16.7750.
Several equities research analysts recently commented on the stock. Royal Bank Of Canada decreased their price objective on shares of Driven Brands from $17.00 to $16.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. BTIG Research restated a “buy” rating and set a $17.00 target price on shares of Driven Brands in a report on Friday, June 12th. Wall Street Zen cut shares of Driven Brands from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings raised shares of Driven Brands from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. Finally, William Blair lowered shares of Driven Brands from an “outperform” rating to a “hold” rating in a research report on Wednesday, April 22nd.
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Institutional Investors Weigh In On Driven Brands
Driven Brands Stock Performance
Shares of DRVN stock opened at $12.45 on Thursday. The stock has a fifty day moving average price of $13.96 and a 200 day moving average price of $13.61. The stock has a market cap of $2.05 billion, a PE ratio of 11.97 and a beta of 0.95. Driven Brands has a 1 year low of $9.80 and a 1 year high of $19.74. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.33 and a current ratio of 1.47.
Driven Brands (NASDAQ:DRVN – Get Free Report) last posted its earnings results on Monday, July 27th. The company reported $0.29 earnings per share for the quarter. Driven Brands had a return on equity of 24.13% and a net margin of 8.61%. Sell-side analysts forecast that Driven Brands will post 1.08 earnings per share for the current fiscal year.
About Driven Brands
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.
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