Driven Brands Holdings Inc. (NASDAQ:DRVN) Receives Consensus Rating of “Moderate Buy” from Analysts

Driven Brands Holdings Inc. (NASDAQ:DRVN) has been assigned an average rating of “Moderate Buy” from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $21.2222.

Several equities analysts recently commented on the stock. Canaccord Genuity Group restated a “buy” rating and issued a $24.00 price target on shares of Driven Brands in a research note on Thursday, September 18th. BTIG Research decreased their target price on shares of Driven Brands from $22.00 to $21.00 and set a “buy” rating on the stock in a research report on Tuesday, November 4th. Piper Sandler dropped their price target 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. William Blair upgraded Driven Brands from a “market perform” rating to an “outperform” rating in a research note on Wednesday, December 3rd. Finally, Benchmark restated a “buy” rating on shares of Driven Brands in a research note on Wednesday, December 3rd.

Driven Brands Stock Performance

NASDAQ:DRVN opened at $14.92 on Wednesday. The stock has a 50 day simple moving average of $14.81 and a 200 day simple moving average of $16.35. The stock has a market cap of $2.45 billion, a P/E ratio of -12.03, a PEG ratio of 1.26 and a beta of 1.04. Driven Brands has a 1-year low of $13.44 and a 1-year high of $19.74. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 2.44.

Driven Brands (NASDAQ:DRVN) last issued its quarterly earnings data on Wednesday, March 12th. The company reported $0.30 EPS for the quarter. The firm had revenue of $564.12 million for the quarter. Driven Brands had a positive return on equity of 25.31% and a negative net margin of 9.14%. Research analysts anticipate that Driven Brands will post 0.85 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. North Peak Capital Management LLC raised its stake in Driven Brands by 9.0% in the second quarter. North Peak Capital Management LLC now owns 7,123,075 shares of the company’s stock valued at $125,081,000 after purchasing an additional 589,556 shares in the last quarter. Emeth Value Capital LLC increased its holdings in Driven Brands by 34.8% in the 3rd quarter. Emeth Value Capital LLC now owns 3,263,911 shares of the company’s stock valued at $52,745,000 after buying an additional 842,668 shares during the period. AustralianSuper Pty Ltd bought a new position in Driven Brands in the 3rd quarter valued at about $44,645,000. Simcoe Capital Management LLC acquired a new position in shares of Driven Brands in the 3rd quarter valued at approximately $33,911,000. Finally, Ararat Capital Management LP lifted its holdings in shares of Driven Brands by 1.0% during the 3rd quarter. Ararat Capital Management LP now owns 1,097,714 shares of the company’s stock worth $17,684,000 after acquiring an additional 10,465 shares during the period. Institutional investors own 77.08% of the company’s stock.

About Driven Brands

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.