Brokerages Set Driven Brands Holdings Inc. (NASDAQ:DRVN) Target Price at $17.86

Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN) have been assigned an average recommendation of “Moderate Buy” from the twelve analysts that are covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $17.86.

A number of brokerages have recently commented on DRVN. Royal Bank of Canada upped their price objective on shares of Driven Brands from $17.00 to $20.00 and gave the company an “outperform” rating in a research report on Friday, November 1st. Stifel Nicolaus upped their price objective on shares of Driven Brands from $20.00 to $22.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Canaccord Genuity Group upped their price objective on shares of Driven Brands from $20.00 to $21.00 and gave the company a “buy” rating in a research report on Friday, November 1st.

Driven Brands Stock Down 0.4 %

Driven Brands stock opened at $15.36 on Wednesday. The firm has a fifty day moving average price of $16.37 and a two-hundred day moving average price of $14.77. The firm has a market cap of $2.52 billion, a price-to-earnings ratio of 384.00, a P/E/G ratio of 1.11 and a beta of 1.15. The company has a debt-to-equity ratio of 2.84, a current ratio of 1.90 and a quick ratio of 1.72. Driven Brands has a fifty-two week low of $10.59 and a fifty-two week high of $17.45.

Driven Brands (NASDAQ:DRVN) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.04. The business had revenue of $591.70 million during the quarter, compared to analyst estimates of $598.49 million. Driven Brands had a net margin of 0.27% and a return on equity of 14.86%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 earnings per share. As a group, analysts forecast that Driven Brands will post 0.86 earnings per share for the current year.

Institutional Trading of Driven Brands

Several large investors have recently added to or reduced their stakes in DRVN. nVerses Capital LLC bought a new stake in Driven Brands during the third quarter worth about $86,000. Townsquare Capital LLC bought a new stake in Driven Brands during the third quarter worth about $153,000. Bleakley Financial Group LLC bought a new stake in Driven Brands during the third quarter worth about $171,000. Orion Portfolio Solutions LLC grew its stake in Driven Brands by 54.9% during the third quarter. Orion Portfolio Solutions LLC now owns 16,398 shares of the company’s stock worth $234,000 after buying an additional 5,815 shares during the last quarter. Finally, Intech Investment Management LLC bought a new stake in Driven Brands during the third quarter worth about $245,000. 77.08% of the stock is owned by institutional investors.

Driven Brands Company Profile

Driven Brands Holdings Inc, together with its subsidiaries, provides automotive services to retail and commercial customers in the United States, Canada, and internationally. It offers various services, such as paint, collision, glass, repair, car wash, oil change, and maintenance services. The company also distributes automotive parts, including radiators, air conditioning components, and exhaust products to automotive repair shops, auto parts stores, body shops, and other auto repair outlets; windshields and glass accessories through a network of distribution centers; and consumable products, such as oil filters and wiper blades, as well as training services to repair and maintenance, and paint and collision shops.