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

Driven Brands Holdings Inc. (NASDAQ:DRVN) has been given a consensus rating of “Moderate Buy” by the fourteen research firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating, five have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $17.4750.

DRVN has been the subject of several research analyst reports. Canaccord Genuity Group reduced their target price on Driven Brands from $24.00 to $20.00 and set a “buy” rating for the company in a research note on Wednesday, April 29th. Zacks Research upgraded shares of Driven Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 19th. Freedom Capital raised shares of Driven Brands to a “strong-buy” rating in a research report on Monday, March 23rd. Morgan Stanley decreased their price target on Driven Brands from $17.00 to $16.00 and set an “equal weight” rating for the company in a research note on Wednesday, May 20th. Finally, Piper Sandler boosted their price objective on Driven Brands from $11.00 to $13.00 and gave the company a “neutral” rating in a report on Wednesday, May 20th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Osaic Holdings Inc. increased its position in Driven Brands by 82.1% in the second quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock worth $37,000 after buying an additional 941 shares during the period. EverSource Wealth Advisors LLC lifted its position in Driven Brands by 744.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the company’s stock valued at $37,000 after purchasing an additional 1,854 shares during the last quarter. Comerica Bank boosted its stake in Driven Brands by 328.8% during the 4th quarter. Comerica Bank now owns 2,933 shares of the company’s stock valued at $43,000 after purchasing an additional 2,249 shares during the period. Larson Financial Group LLC grew its position in Driven Brands by 1,347.7% in the 4th quarter. Larson Financial Group LLC now owns 3,822 shares of the company’s stock worth $57,000 after purchasing an additional 3,558 shares during the last quarter. Finally, SJS Investment Consulting Inc. increased its stake in shares of Driven Brands by 420.2% in the first quarter. SJS Investment Consulting Inc. now owns 4,500 shares of the company’s stock valued at $57,000 after purchasing an additional 3,635 shares during the period. 77.08% of the stock is owned by institutional investors and hedge funds.

Driven Brands Stock Performance

Driven Brands stock opened at $13.84 on Friday. The firm has a market capitalization of $2.28 billion, a PE ratio of 16.67 and a beta of 0.97. Driven Brands has a one year low of $9.80 and a one year high of $19.74. The stock’s 50 day moving average price is $12.88 and its 200 day moving average price is $13.97. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.67 and a current ratio of 0.75.

Driven Brands (NASDAQ:DRVN) last posted its earnings results on Tuesday, May 19th. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.10. The business had revenue of $259.60 million for the quarter, compared to analysts’ expectations of $454.91 million. Driven Brands had a net margin of 6.55% and a return on equity of 25.83%. Driven Brands has set its FY 2026 guidance at 1.150-1.250 EPS. As a group, sell-side analysts expect that Driven Brands will post 1.14 EPS for the current fiscal year.

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.