Driven Brands Holdings Inc. (NASDAQ:DRVN – Get Free Report) has been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are currently covering the company, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold recommendation, five have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $16.7750.
DRVN has been the subject of a number of research reports. Weiss Ratings upgraded Driven Brands from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. Benchmark reaffirmed a “buy” rating on shares of Driven Brands in a research report on Tuesday, May 26th. BTIG Research reiterated a “buy” rating and set a $17.00 price objective on shares of Driven Brands in a research note on Friday, June 12th. Royal Bank Of Canada dropped their price objective on shares of Driven Brands from $17.00 to $16.00 and set an “outperform” rating for the company in a research report on Friday, August 7th. Finally, Piper Sandler raised their target price on shares of Driven Brands from $11.00 to $13.00 and gave the company a “neutral” rating in a research note on Wednesday, May 20th.
Read Our Latest Stock Report on Driven Brands
Driven Brands Price Performance
Driven Brands (NASDAQ:DRVN – Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The company reported $0.29 EPS for the quarter. Driven Brands had a return on equity of 24.13% and a net margin of 8.61%. As a group, research analysts anticipate that Driven Brands will post 1.12 earnings per share for the current year.
Institutional Investors Weigh In On Driven Brands
Several institutional investors and hedge funds have recently modified their holdings of DRVN. Osaic Holdings Inc. lifted its position in Driven Brands by 82.1% during the 2nd quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock worth $37,000 after acquiring an additional 941 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in Driven Brands by 744.6% in the second quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the company’s stock valued at $37,000 after acquiring an additional 1,854 shares in the last quarter. Comerica Bank grew its position in Driven Brands by 328.8% in the fourth quarter. Comerica Bank now owns 2,933 shares of the company’s stock valued at $43,000 after acquiring an additional 2,249 shares in the last quarter. Larson Financial Group LLC raised its stake in shares of Driven Brands by 1,347.7% during the fourth quarter. Larson Financial Group LLC now owns 3,822 shares of the company’s stock valued at $57,000 after purchasing an additional 3,558 shares during the period. Finally, SJS Investment Consulting Inc. raised its stake in shares of Driven Brands by 420.2% during the first quarter. SJS Investment Consulting Inc. now owns 4,500 shares of the company’s stock valued at $57,000 after purchasing an additional 3,635 shares during the period. Hedge funds and other institutional investors own 77.08% of the company’s stock.
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.
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