Driven Brands Holdings Inc. (NASDAQ:DRVN) Receives Average Recommendation of “Hold” from Analysts

Driven Brands Holdings Inc. (NASDAQ:DRVN) has been given a consensus recommendation of “Hold” by the eleven brokerages that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $20.80.

A number of equities analysts have weighed in on the company. Piper Sandler decreased their target price on Driven Brands from $22.00 to $19.00 and set an “overweight” rating on the stock in a research note on Friday, October 24th. BTIG Research restated a “buy” rating and issued a $21.00 price objective on shares of Driven Brands in a research report on Thursday, January 8th. JPMorgan Chase & Co. dropped their target price on shares of Driven Brands from $23.00 to $21.00 and set an “overweight” rating for the company in a research report on Wednesday, November 12th. Stifel Nicolaus set a $23.00 price target on shares of Driven Brands in a research note on Monday, November 17th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Driven Brands in a research report on Monday, December 29th.

Hedge Funds Weigh In On Driven Brands

A number of large investors have recently modified their holdings of the company. North Peak Capital Management LLC boosted 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 worth $125,081,000 after buying an additional 589,556 shares in the last quarter. Emeth Value Capital LLC lifted its holdings in shares of Driven Brands by 34.8% in the 3rd quarter. Emeth Value Capital LLC now owns 3,263,911 shares of the company’s stock worth $52,745,000 after acquiring an additional 842,668 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Driven Brands in the 2nd quarter valued at $10,562,000. Covey Capital Advisors LLC grew its holdings in shares of Driven Brands by 95.2% during the 2nd quarter. Covey Capital Advisors LLC now owns 73,645 shares of the company’s stock valued at $1,293,000 after purchasing an additional 35,915 shares during the last quarter. Finally, Squarepoint Ops LLC raised its position in Driven Brands by 315.1% in the 2nd quarter. Squarepoint Ops LLC now owns 136,594 shares of the company’s stock worth $2,399,000 after purchasing an additional 103,684 shares during the period. 77.08% of the stock is owned by hedge funds and other institutional investors.

Driven Brands Price Performance

Shares of NASDAQ:DRVN opened at $15.52 on Friday. The company has a 50 day moving average of $14.78 and a 200 day moving average of $16.07. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 2.44. The stock has a market cap of $2.55 billion, a P/E ratio of -12.52, a P/E/G ratio of 1.07 and a beta of 1.04. Driven Brands has a 12 month low of $13.44 and a 12 month high of $19.74.

Driven Brands (NASDAQ:DRVN) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.34 EPS for the quarter, beating the consensus estimate of $0.29 by $0.05. The firm had revenue of $535.68 million during the quarter, compared to the consensus estimate 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, sell-side analysts forecast that Driven Brands will post 0.85 EPS for the current fiscal year.

Driven Brands Company Profile

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.