Driven Brands Holdings Inc. (NASDAQ:DRVN) Stock Rated “Hold” by Wall Street Brokerages

Driven Brands Holdings Inc. (NASDAQ:DRVN) has been given a consensus rating of “Hold” by the seventeen analysts that are covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation, six have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $16.23.

A number of research analysts have issued reports on the stock. Royal Bank Of Canada cut their price target on shares of Driven Brands from $17.00 to $16.00 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Barclays assumed coverage on shares of Driven Brands in a report on Tuesday, September 22nd. They issued an “equal weight” rating and a $14.00 price target for the company. Wall Street Zen upgraded shares of Driven Brands from a “hold” rating to a “buy” rating in a research note on Saturday. Canaccord Genuity Group boosted their price objective on shares of Driven Brands from $17.00 to $18.00 and gave the company a “buy” rating in a report on Thursday, September 10th. Finally, Bank of America assumed coverage on shares of Driven Brands in a report on Thursday, September 10th. They set an “underperform” rating and a $12.00 price objective on the stock.

Institutional Trading of Driven Brands

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DRVN. BlackRock Inc. purchased a new position in shares of Driven Brands in the second quarter worth about $67,107,000. Bank of America Corp DE acquired a new stake in shares of Driven Brands during the second quarter worth about $6,110,000. Rangeley Capital LLC acquired a new stake in shares of Driven Brands during the first quarter worth about $7,888,000. Bank of New York Mellon Corp acquired a new stake in shares of Driven Brands during the second quarter worth about $3,715,000. Finally, Rubric Capital Management LP purchased a new stake in Driven Brands in the first quarter valued at approximately $37,830,000. Institutional investors and hedge funds own 77.08% of the company’s stock.

Driven Brands Price Performance

Shares of DRVN stock opened at $11.69 on Tuesday. Driven Brands has a fifty-two week low of $9.80 and a fifty-two week high of $17.30. The company has a debt-to-equity ratio of 1.99, a quick ratio of 1.33 and a current ratio of 1.47. The firm has a market capitalization of $1.93 billion, a price-to-earnings ratio of 11.24, a PEG ratio of 2.00 and a beta of 0.96. The stock’s 50-day simple moving average is $12.28 and its 200-day simple moving average is $13.37.

Driven Brands (NASDAQ:DRVN) last announced its quarterly earnings data 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%. As a group, equities analysts forecast that Driven Brands will post 1.13 earnings per share for the current fiscal year.

Driven Brands Company Profile

Driven Brands Holdings Inc is an automotive services company that provides vehicle maintenance, repair, collision services and related products through a portfolio of franchised and company-operated brands. Its businesses serve both individual vehicle owners and commercial customers across a range of automotive aftermarket needs.

The company’s brands include Take 5 Oil Change, Meineke Car Care Centers, Maaco, 1-800-Radiator & A/C and Auto Glass Now. These brands provide services such as oil changes, routine maintenance, mechanical repair, paint and collision repair, replacement parts distribution and windshield repair and replacement.

Driven Brands was founded in 1972 and is headquartered in Charlotte, North Carolina.