Driven Brands (NASDAQ:DRVN) Earns “Buy” Rating from BTIG Research

Driven Brands (NASDAQ:DRVN)‘s stock had its “buy” rating reissued by stock analysts at BTIG Research in a research note issued on Thursday, MarketBeat Ratings reports. They presently have a $21.00 price target on the stock. BTIG Research’s target price indicates a potential upside of 32.24% from the stock’s current price.

DRVN has been the topic of several other research reports. Canaccord Genuity Group reiterated a “buy” rating and set a $24.00 price target on shares of Driven Brands in a research report on Thursday, September 18th. Benchmark reiterated a “buy” rating on shares of Driven Brands in a research note on Wednesday, December 3rd. Wall Street Zen downgraded Driven Brands from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Stifel Nicolaus set a $23.00 target price on Driven Brands in a research report on Monday, November 17th. Finally, William Blair raised Driven Brands from a “market perform” rating to an “outperform” rating in a research note on Wednesday, December 3rd. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $21.22.

Driven Brands Price Performance

Shares of NASDAQ DRVN opened at $15.88 on Thursday. The business has a fifty day moving average price of $14.66 and a two-hundred day moving average price of $16.15. The stock has a market capitalization of $2.61 billion, a PE ratio of -12.81, a P/E/G ratio of 1.05 and a beta of 1.04. 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.

Driven Brands (NASDAQ:DRVN) last released its earnings results on Wednesday, March 12th. The company reported $0.30 earnings per share (EPS) for the quarter. Driven Brands had a positive return on equity of 25.31% and a negative net margin of 9.14%.The company had revenue of $564.12 million for the quarter. Driven Brands has set its FY 2025 guidance at 1.230-1.280 EPS. As a group, equities analysts predict that Driven Brands will post 0.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Driven Brands

Hedge funds and other institutional investors have recently bought and sold shares of the company. Lazard Asset Management LLC boosted its position in Driven Brands by 0.3% during the second quarter. Lazard Asset Management LLC now owns 216,423 shares of the company’s stock valued at $3,800,000 after acquiring an additional 682 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of Driven Brands by 2.7% during the 2nd quarter. Handelsbanken Fonder AB now owns 30,900 shares of the company’s stock valued at $543,000 after purchasing an additional 800 shares in the last quarter. Osaic Holdings Inc. grew its stake 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 purchasing an additional 941 shares during the period. Creative Planning increased its holdings in Driven Brands by 4.4% in the second quarter. Creative Planning now owns 34,247 shares of the company’s stock worth $601,000 after purchasing an additional 1,444 shares in the last quarter. Finally, Boothbay Fund Management LLC lifted its stake in Driven Brands by 2.2% in the third quarter. Boothbay Fund Management LLC now owns 69,315 shares of the company’s stock valued at $1,117,000 after buying an additional 1,488 shares during the period. Institutional investors and hedge funds 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.