Driven Brands Holdings Inc. (NASDAQ:DRVN) Stock Has Consensus Target Price of $16.23

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

A number of analysts have recently issued reports on the company. Weiss Ratings cut Driven Brands from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday. UBS Group restated a “buy” rating on shares of Driven Brands in a research note on Thursday, September 10th. Wall Street Zen downgraded Driven Brands from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Canaccord Genuity Group lifted their price objective on shares of Driven Brands from $17.00 to $18.00 and gave the stock a “buy” rating in a research report on Thursday, September 10th. Finally, Barclays began coverage on shares of Driven Brands in a report on Tuesday, September 22nd. They issued an “equal weight” rating and a $14.00 price objective on the stock.

Driven Brands Stock Down 1.7%

Shares of DRVN stock opened at $11.61 on Friday. Driven Brands has a 52-week low of $9.80 and a 52-week high of $17.30. The stock has a market cap of $1.92 billion, a price-to-earnings ratio of 11.16, a PEG ratio of 2.04 and a beta of 0.96. The firm’s 50-day moving average is $12.96 and its 200-day moving average is $13.15. 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 (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 return on equity of 24.13% and a net margin of 8.61%. Sell-side analysts predict that Driven Brands will post 1.12 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. acquired a new stake in Driven Brands during the second quarter worth approximately $67,107,000. Bamco Inc. NY acquired a new position in shares of Driven Brands in the second quarter valued at approximately $62,766,000. North Peak Capital Management LLC grew its position in shares of 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 valued at $59,144,000 after purchasing an additional 1,083,896 shares during the last quarter. Rubric Capital Management LP bought a new position in shares of Driven Brands during the first quarter worth approximately $37,830,000. Finally, Jupiter Topco LLC bought a new position in shares of Driven Brands during the second quarter worth approximately $35,214,000. Institutional investors and hedge funds own 77.08% of the company’s stock.

Driven Brands Company Profile

Driven Brands Holdings Inc is an automotive services company that operates and franchises a network of vehicle maintenance, repair, collision repair, and car wash businesses. Based in Charlotte, North Carolina, the company serves consumers and commercial customers through a portfolio of automotive service brands.

Its brands include Take 5 Oil Change, Meineke Car Care Centers, Maaco, 1-800-Radiator & A/C, CARSTAR, and other automotive repair and collision-service businesses. Services across the network include oil changes and preventive maintenance, mechanical repairs, auto body repair, paint and refinishing, replacement parts, and automotive glass services.

Driven Brands traces its history to Meineke, which was founded in 1972, and has expanded through acquisitions and franchise development.