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

Shares of Driven Brands Holdings Inc. (NASDAQ:DRVN) have been given an average recommendation of “Moderate Buy” by the fourteen research firms that are covering the stock, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and two have issued a strong buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $16.7750.

A number of research firms have issued reports on DRVN. BMO Capital Markets decreased their price objective on shares of Driven Brands from $18.00 to $14.00 and set a “market perform” rating on the stock in a research report on Thursday, May 21st. Morgan Stanley set a $14.00 price objective on Driven Brands in a report on Friday, August 7th. Royal Bank Of Canada cut their price objective on Driven Brands from $17.00 to $16.00 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Benchmark reissued a “buy” rating on shares of Driven Brands in a research note on Tuesday, May 26th. Finally, Weiss Ratings upgraded Driven Brands from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th.

Driven Brands Price Performance

Shares of Driven Brands stock opened at $12.47 on Monday. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.33 and a current ratio of 1.47. Driven Brands has a 52-week low of $9.80 and a 52-week high of $19.74. The company’s 50 day moving average price is $13.91 and its 200-day moving average price is $13.35. The stock has a market capitalization of $2.06 billion, a price-to-earnings ratio of 11.99 and a beta of 0.95.

Driven Brands (NASDAQ:DRVN) last posted its quarterly earnings results on Monday, July 27th. The company reported $0.29 EPS for the quarter. Driven Brands had a net margin of 8.61% and a return on equity of 24.13%. Equities research analysts forecast that Driven Brands will post 1.12 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Driven Brands by 5.2% during the 4th quarter. Vanguard Group Inc. now owns 5,851,225 shares of the company’s stock valued at $86,715,000 after purchasing an additional 288,759 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Driven Brands during the second quarter valued at about $67,107,000. Bamco Inc. NY bought a new position in Driven Brands in the second quarter worth about $62,766,000. North Peak Capital Management LLC raised its stake in Driven Brands by 37.3% in the fourth 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 in the last quarter. Finally, Goldman Sachs Group Inc. lifted its holdings in Driven Brands by 14.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 3,826,160 shares of the company’s stock worth $56,704,000 after buying an additional 491,919 shares during the period. 77.08% of the stock is currently owned by institutional investors.

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.