Driven Brands Holdings Inc. (NASDAQ:DRVN – Get Free Report) has been given a consensus rating of “Hold” by the seventeen brokerages that are currently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation, six have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $16.23.
A number of brokerages have issued reports on DRVN. Bank of America assumed coverage on Driven Brands in a report on Thursday, September 10th. They issued an “underperform” rating and a $12.00 target price for the company. Royal Bank Of Canada reduced their target price on shares of Driven Brands from $17.00 to $16.00 and set an “outperform” rating on the stock in a report on Friday, August 7th. Morgan Stanley set a $14.00 price target on shares of Driven Brands in a research note on Friday, August 7th. Barclays started coverage on shares of Driven Brands in a research note on Tuesday, September 22nd. They issued an “equal weight” rating and a $14.00 price objective on the stock. Finally, UBS Group reissued a “buy” rating on shares of Driven Brands in a research note on Thursday, September 10th.
Read Our Latest Report on Driven Brands
Driven Brands Price Performance
DRVN stock opened at $11.77 on Tuesday. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of 11.32, a P/E/G ratio of 2.03 and a beta of 0.96. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.47 and a quick ratio of 1.33. The company has a 50 day simple moving average of $12.39 and a 200 day simple moving average of $13.16. Driven Brands has a 1 year low of $9.80 and a 1 year high of $17.30.
Driven Brands (NASDAQ:DRVN – Get Free Report) last issued its earnings results on Monday, July 27th. The company reported $0.29 earnings per share for the quarter. Driven Brands had a net margin of 8.61% and a return on equity of 24.13%. Research analysts anticipate that Driven Brands will post 1.13 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of DRVN. SJS Investment Consulting Inc. grew its position in shares of 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 buying an additional 3,635 shares during the last quarter. Pictet Asset Management Holding SA acquired a new stake in shares of Driven Brands in the first quarter valued at about $159,000. Rockefeller Capital Management L.P. increased its stake in shares of Driven Brands by 3,373.1% in the fourth quarter. Rockefeller Capital Management L.P. now owns 10,975 shares of the company’s stock valued at $163,000 after buying an additional 10,659 shares during the period. Vise Technologies Inc. acquired a new stake in shares of Driven Brands in the second quarter valued at about $248,000. Finally, Calamos Wealth Management LLC acquired a new stake in shares of Driven Brands in the first quarter valued at about $285,000. 77.08% of the stock is owned by institutional investors and hedge funds.
Driven Brands Company Profile
Driven Brands Holdings Inc is an automotive services company that operates and franchises a network of vehicle maintenance, repair, collision repair, and car wash businesses. Based in Charlotte, North Carolina, the company serves consumers and commercial customers through a portfolio of automotive service brands.
Its brands include Take 5 Oil Change, Meineke Car Care Centers, Maaco, 1-800-Radiator & A/C, CARSTAR, and other automotive repair and collision-service businesses. Services across the network include oil changes and preventive maintenance, mechanical repairs, auto body repair, paint and refinishing, replacement parts, and automotive glass services.
Driven Brands traces its history to Meineke, which was founded in 1972, and has expanded through acquisitions and franchise development.
Recommended Stories
- Five stocks we like better than Driven Brands
- Tesla’s Roadster Reveal Hints at 2 Much Bigger Moves
- The AI Sell-Off Continues—These 3 Stocks Keep Raising Guidance Anyway
- Mr. Wonderful’s Test for AI Data Center Stocks: Power, Permits, and Tenants
- Alcoa Beat Earnings, But Can It Escape the Aluminum Bears?
Receive News & Ratings for Driven Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Driven Brands and related companies with MarketBeat.com's FREE daily email newsletter.
