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

Driven Brands Holdings Inc. (NASDAQ:DRVN) has been assigned a consensus rating of “Hold” from the eleven ratings firms that are presently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month target price among analysts that have covered the stock in the last year is $20.80.

A number of equities analysts recently weighed in on DRVN shares. William Blair raised shares of Driven Brands from a “market perform” rating to an “outperform” rating in a report on Wednesday, December 3rd. BTIG Research reiterated a “buy” rating and issued a $21.00 target price on shares of Driven Brands in a research note on Thursday, January 8th. Benchmark reissued a “buy” rating on shares of Driven Brands in a research report on Wednesday, December 3rd. Morgan Stanley lowered their price target on shares of Driven Brands from $20.00 to $17.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Driven Brands in a research note on Monday, December 29th.

Driven Brands Trading Down 0.7%

Shares of DRVN stock opened at $15.52 on Friday. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.80 and a current ratio of 0.90. The company has a market capitalization of $2.55 billion, a price-to-earnings ratio of -12.52, a PEG ratio of 1.07 and a beta of 1.04. Driven Brands has a 52-week low of $13.44 and a 52-week high of $19.74. The company has a 50-day simple moving average of $14.78 and a two-hundred day simple moving average of $16.07.

Driven Brands (NASDAQ:DRVN) last announced its earnings results on Tuesday, November 4th. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.05. The firm had revenue of $535.68 million for the quarter, compared to the consensus estimate of $535.35 million. Driven Brands had a positive return on equity of 25.31% and a negative net margin of 9.14%.Driven Brands has set its FY 2025 guidance at 1.230-1.280 EPS. Research analysts anticipate that Driven Brands will post 0.85 EPS for the current fiscal year.

Institutional Investors Weigh In On Driven Brands

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. North Peak Capital Management LLC boosted its holdings in Driven Brands by 9.0% in the 2nd quarter. North Peak Capital Management LLC now owns 7,123,075 shares of the company’s stock worth $125,081,000 after buying an additional 589,556 shares during the period. Emeth Value Capital LLC boosted its holdings in shares of Driven Brands by 34.8% in the third quarter. Emeth Value Capital LLC now owns 3,263,911 shares of the company’s stock worth $52,745,000 after acquiring an additional 842,668 shares during the period. Hennessy Advisors Inc. purchased a new position in shares of Driven Brands in the second quarter valued at $10,562,000. Covey Capital Advisors LLC grew its position in shares of Driven Brands by 95.2% in the second quarter. Covey Capital Advisors LLC now owns 73,645 shares of the company’s stock valued at $1,293,000 after purchasing an additional 35,915 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in shares of Driven Brands by 315.1% during the 2nd quarter. Squarepoint Ops LLC now owns 136,594 shares of the company’s stock valued at $2,399,000 after purchasing an additional 103,684 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.