Driven Brands Holdings Inc. (NASDAQ:DRVN) Given Average Recommendation of “Moderate Buy” by Brokerages

Driven Brands Holdings Inc. (NASDAQ:DRVNGet 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.

Get Our Latest Stock Report on DRVN

Institutional Investors Weigh In On Driven Brands

Large investors have recently bought and sold shares of the stock. Osaic Holdings Inc. increased its position in Driven Brands by 82.1% during the second quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock worth $37,000 after buying an additional 941 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of 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 boosted its stake in shares of Driven Brands by 328.8% during 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 during the last quarter. Larson Financial Group LLC boosted 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 acquiring an additional 3,558 shares during the last quarter. Finally, SJS Investment Consulting Inc. increased its position in Driven Brands by 420.2% during the 1st quarter. SJS Investment Consulting Inc. now owns 4,500 shares of the company’s stock worth $57,000 after purchasing an additional 3,635 shares in the last quarter. Institutional investors and hedge funds own 77.08% of the company’s stock.

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:DRVNGet 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

(Get Free Report)

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.

Featured Stories

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.