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

Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN) have earned a consensus recommendation of “Moderate Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, six have issued a hold recommendation, five have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $17.1750.

Several brokerages have recently issued reports on DRVN. Royal Bank Of Canada cut their target price on shares of Driven Brands from $18.00 to $17.00 and set an “outperform” rating on the stock in a report on Thursday, June 11th. Morgan Stanley lowered their price target on shares of Driven Brands from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Wednesday, May 20th. Benchmark reissued a “buy” rating on shares of Driven Brands in a research report on Tuesday, May 26th. Zacks Research raised shares of Driven Brands from a “strong sell” rating to a “hold” rating in a research report on Thursday, March 19th. Finally, Freedom Capital raised shares of Driven Brands to a “strong-buy” rating in a report on Monday, March 23rd.

Institutional Trading of Driven Brands

A number of institutional investors have recently modified their holdings of the company. Simcoe Capital Management LLC purchased a new stake in Driven Brands in the 3rd quarter worth approximately $33,911,000. North Peak Capital Management LLC grew its position in shares of Driven Brands by 37.3% in the 4th quarter. North Peak Capital Management LLC now owns 3,990,850 shares of the company’s stock worth $59,144,000 after buying an additional 1,083,896 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Driven Brands by 513.0% during the fourth quarter. SG Americas Securities LLC now owns 116,957 shares of the company’s stock valued at $1,733,000 after buying an additional 97,879 shares during the period. Emeth Value Capital LLC increased its stake in shares of Driven Brands by 17.8% during the fourth quarter. Emeth Value Capital LLC now owns 3,846,166 shares of the company’s stock valued at $57,000,000 after buying an additional 582,255 shares during the period. Finally, Tudor Investment Corp ET AL raised its holdings in shares of Driven Brands by 63.2% during the third quarter. Tudor Investment Corp ET AL now owns 155,000 shares of the company’s stock valued at $2,497,000 after acquiring an additional 60,000 shares in the last quarter. 77.08% of the stock is currently owned by hedge funds and other institutional investors.

Driven Brands Trading Up 3.5%

NASDAQ DRVN opened at $15.48 on Friday. The firm has a market cap of $2.55 billion, a PE ratio of 13.82 and a beta of 0.96. Driven Brands has a 1-year low of $9.80 and a 1-year high of $19.74. The stock has a 50-day moving average of $13.73 and a 200-day moving average of $13.78. The company has a current ratio of 1.38, a quick ratio of 1.25 and a debt-to-equity ratio of 2.08.

Driven Brands (NASDAQ:DRVN) last announced its quarterly earnings results on Thursday, June 11th. The company reported $0.30 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. Driven Brands had a return on equity of 25.70% and a net margin of 9.08%.The business had revenue of $484.44 million for the quarter, compared to analysts’ expectations of $480.84 million. During the same period in the previous year, the firm earned $0.27 EPS. The business’s quarterly revenue was down 6.2% on a year-over-year basis. As a group, sell-side analysts forecast that Driven Brands will post 1.08 EPS for the current 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.