Driven Brands Holdings Inc. (NASDAQ:DRVN) Receives $20.80 Consensus Price Target from Brokerages

by · The Markets Daily

Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN – Get Free Report) have received a consensus rating of “Hold” from the eleven brokerages that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $20.80.

A number of equities research analysts have commented on DRVN shares. Benchmark reiterated a “buy” rating on shares of Driven Brands in a research report on Wednesday, December 3rd. JPMorgan Chase & Co. reduced their target price on Driven Brands from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, November 12th. Piper Sandler decreased their target price on shares of Driven Brands from $22.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. Wall Street Zen downgraded shares of Driven Brands from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $21.00 price objective on shares of Driven Brands in a research note on Thursday, January 8th.

Check Out Our Latest Research Report on Driven Brands

Driven Brands Trading Down 1.3%

DRVN opened at $15.32 on Friday. The company has a debt-to-equity ratio of 2.44, a current ratio of 0.90 and a quick ratio of 0.80. Driven Brands has a fifty-two week low of $13.44 and a fifty-two week high of $19.74. The company’s 50 day moving average price is $14.85 and its two-hundred day moving average price is $16.02. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of -12.35, a PEG ratio of 1.07 and a beta of 1.04.

Driven Brands (NASDAQ:DRVN – Get Free Report) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The company had revenue of $535.68 million for the quarter, compared to analyst estimates of $535.35 million. Driven Brands had a negative net margin of 9.14% and a positive return on equity of 25.31%. Driven Brands has set its FY 2025 guidance at 1.230-1.280 EPS. As a group, research analysts predict that Driven Brands will post 0.85 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. boosted its position in shares of Driven Brands by 82.1% during the 2nd quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock valued at $37,000 after purchasing an additional 941 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake 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 buying an additional 1,854 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of Driven Brands by 1,113.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 3,338 shares of the company’s stock worth $54,000 after buying an additional 3,063 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of Driven Brands during the 3rd quarter worth approximately $84,000. Finally, Federated Hermes Inc. bought a new stake in shares of Driven Brands in the 3rd quarter valued at $108,000. 77.08% of the stock is owned by institutional investors.

Driven Brands Company Profile

(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.

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