Wall Street Zen Upgrades Driven Brands (NASDAQ:DRVN) to “Buy”

Driven Brands (NASDAQ:DRVN – Get Free Report) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday, Wall Street Zen reports.

Several other research analysts also recently weighed in on DRVN. UBS Group reaffirmed a “buy” rating on shares of Driven Brands in a research note on Thursday, September 10th. Bank of America began coverage on shares of Driven Brands in a research note on Thursday, September 10th. They issued an “underperform” rating and a $12.00 price target on the stock. Weiss Ratings downgraded shares of Driven Brands from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, September 28th. Morgan Stanley set a $14.00 target price on shares of Driven Brands in a research report on Friday, August 7th. Finally, 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 target on the stock. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $16.23.

Get Our Latest Stock Analysis on Driven Brands

Driven Brands Price Performance

DRVN opened at $11.74 on Friday. Driven Brands has a fifty-two week low of $9.80 and a fifty-two week high of $17.30. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.33 and a current ratio of 1.47. The company has a fifty day moving average of $12.32 and a two-hundred day moving average of $13.14. The stock has a market capitalization of $1.94 billion, a price-to-earnings ratio of 11.29, a PEG ratio of 2.00 and a beta of 0.96.

Driven Brands (NASDAQ:DRVN – Get Free Report) last issued its quarterly earnings data 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%. On average, research analysts expect that Driven Brands will post 1.13 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DRVN. ZWJ Investment Counsel Inc. boosted its position in shares of Driven Brands by 5.1% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 33,512 shares of the company’s stock worth $396,000 after purchasing an additional 1,616 shares during the period. SJS Investment Consulting Inc. raised its position in Driven Brands by 420.2% in 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. Janus Henderson Group PLC raised its position in Driven Brands by 0.3% in the first quarter. Janus Henderson Group PLC now owns 2,484,305 shares of the company’s stock valued at $31,327,000 after purchasing an additional 7,126 shares during the period. Rockefeller Capital Management L.P. raised its position in 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 purchasing an additional 10,659 shares during the period. Finally, Pictet Asset Management Holding SA acquired a new position in Driven Brands during the first quarter worth $159,000. Hedge funds and other institutional investors own 77.08% of the company’s stock.

Driven Brands Company Profile

(Get Free Report)

Driven Brands Holdings Inc is an automotive services company that provides vehicle maintenance, repair, collision services and related products through a portfolio of franchised and company-operated brands. Its businesses serve both individual vehicle owners and commercial customers across a range of automotive aftermarket needs.

The company’s brands include Take 5 Oil Change, Meineke Car Care Centers, Maaco, 1-800-Radiator & A/C and Auto Glass Now. These brands provide services such as oil changes, routine maintenance, mechanical repair, paint and collision repair, replacement parts distribution and windshield repair and replacement.

Driven Brands was founded in 1972 and is headquartered in Charlotte, North Carolina.

Further Reading

Analyst Recommendations for Driven Brands (NASDAQ:DRVN)

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.