Driven Brands Holdings Inc. (NASDAQ:DRVN) Receives Consensus Rating of “Hold” from Analysts

Driven Brands Holdings Inc. (NASDAQ:DRVN) has been assigned a consensus rating of “Hold” from the nine analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $21.2222.

A number of research firms have issued reports on DRVN. Weiss Ratings reiterated a “sell (d)” rating on shares of Driven Brands in a research report on Monday. Zacks Research upgraded Driven Brands to a “hold” rating in a report on Friday, August 8th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $24.00 price objective on shares of Driven Brands in a research report on Thursday, September 18th. Piper Sandler decreased their target price on shares of Driven Brands from $22.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. Finally, Wall Street Zen upgraded shares of Driven Brands from a “hold” rating to a “buy” rating in a research note on Saturday, November 8th.

Insider Buying and Selling at Driven Brands

In related news, Director Jonathan G. Fitzpatrick sold 110,000 shares of the company’s stock in a transaction on Monday, September 15th. The shares were sold at an average price of $18.05, for a total transaction of $1,985,500.00. Following the completion of the sale, the director directly owned 2,279,453 shares of the company’s stock, valued at approximately $41,144,126.65. This represents a 4.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.50% of the company’s stock.

Institutional Trading of Driven Brands

Hedge funds have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Driven Brands in the first quarter valued at approximately $245,000. Mackenzie Financial Corp increased its position in shares of Driven Brands by 69.2% during the 1st quarter. Mackenzie Financial Corp now owns 75,194 shares of the company’s stock worth $1,289,000 after purchasing an additional 30,741 shares in the last quarter. XTX Topco Ltd bought a new position in shares of Driven Brands in the first quarter valued at approximately $182,000. Blueshift Asset Management LLC bought a new position in Driven Brands in the 1st quarter valued at $1,152,000. Finally, Nuveen LLC bought a new position in shares of Driven Brands in the first quarter valued at about $7,167,000. Institutional investors own 77.08% of the company’s stock.

Driven Brands Stock Performance

Shares of DRVN opened at $14.61 on Friday. Driven Brands has a one year low of $13.44 and a one year high of $19.74. The company has a debt-to-equity ratio of 2.44, a current ratio of 0.90 and a quick ratio of 0.80. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of -11.78, a PEG ratio of 0.84 and a beta of 1.05. The company has a 50-day moving average of $15.00 and a two-hundred day moving average of $16.70.

Driven Brands (NASDAQ:DRVN) last released its earnings results on Wednesday, March 12th. The company reported $0.30 earnings per share (EPS) for the quarter. The company had revenue of $564.12 million during the quarter. Driven Brands had a positive return on equity of 25.31% and a negative net margin of 9.14%. On average, equities research analysts expect that Driven Brands will post 0.85 earnings per share for the current year.

About Driven Brands

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.