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

Driven Brands Holdings Inc. (NASDAQ:DRVN) has been assigned an average rating of “Moderate Buy” from the ten analysts that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $17.61.

A number of research firms have recently commented on DRVN. Barclays dropped their price objective on shares of Driven Brands from $25.00 to $22.00 and set an “overweight” rating for the company in a research note on Monday, May 6th. JPMorgan Chase & Co. downgraded shares of Driven Brands from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $18.00 to $12.50 in a research note on Friday, May 3rd. Canaccord Genuity Group dropped their price objective on shares of Driven Brands from $21.00 to $17.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Royal Bank of Canada dropped their price objective on shares of Driven Brands from $20.00 to $17.00 and set an “outperform” rating for the company in a research note on Monday, February 26th. Finally, The Goldman Sachs Group dropped their price objective on shares of Driven Brands from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, May 3rd.

Driven Brands Trading Up 3.9 %

NASDAQ:DRVN opened at $11.99 on Friday. The company has a market capitalization of $1.97 billion, a PE ratio of -2.57, a price-to-earnings-growth ratio of 0.68 and a beta of 1.10. The company has a quick ratio of 1.67, a current ratio of 1.86 and a debt-to-equity ratio of 3.20. Driven Brands has a 52-week low of $10.59 and a 52-week high of $27.65. The stock has a fifty day simple moving average of $12.21 and a 200-day simple moving average of $13.36.

Driven Brands (NASDAQ:DRVN) last announced its earnings results on Thursday, May 2nd. The company reported $0.18 earnings per share for the quarter, meeting the consensus estimate of $0.18. Driven Brands had a negative net margin of 33.30% and a positive return on equity of 12.08%. The firm had revenue of $572.23 million during the quarter, compared to the consensus estimate of $584.31 million. On average, equities research analysts expect that Driven Brands will post 0.87 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Driven Brands

Institutional investors have recently made changes to their positions in the business. Kestrel Investment Management Corp acquired a new stake in shares of Driven Brands during the 4th quarter valued at approximately $3,067,000. Grizzlyrock Capital LLC acquired a new stake in shares of Driven Brands during the 4th quarter valued at approximately $2,311,000. TimesSquare Capital Management LLC raised its position in shares of Driven Brands by 15.3% during the 3rd quarter. TimesSquare Capital Management LLC now owns 2,052,348 shares of the company’s stock valued at $25,839,000 after acquiring an additional 272,815 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Driven Brands by 77.6% during the 4th quarter. Russell Investments Group Ltd. now owns 232,360 shares of the company’s stock valued at $3,313,000 after acquiring an additional 101,535 shares in the last quarter. Finally, Numerai GP LLC acquired a new stake in shares of Driven Brands during the 3rd quarter valued at approximately $1,819,000. 77.08% of the stock is owned by institutional investors and hedge funds.

Driven Brands Company Profile

Driven Brands Holdings Inc, together with its subsidiaries, provides automotive services to retail and commercial customers in the United States, Canada, and internationally. It offers various services, such as paint, collision, glass, repair, car wash, oil change, and maintenance services. The company also distributes automotive parts, including radiators, air conditioning components, and exhaust products to automotive repair shops, auto parts stores, body shops, and other auto repair outlets; windshields and glass accessories through a network of distribution centers; and consumable products, such as oil filters and wiper blades, as well as training services to repair and maintenance, and paint and collision shops.