Driven Brands’ (DRVN) Buy Rating Reiterated at BTIG Research

BTIG Research restated their buy rating on shares of Driven Brands (NASDAQ:DRVN) in a research note published on Thursday morning, MarketBeat Ratings reports. The firm currently has a $21.00 target price on the stock.

Other equities analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Driven Brands from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Canaccord Genuity Group reaffirmed a “buy” rating and set a $24.00 target price on shares of Driven Brands in a research report on Thursday, September 18th. JPMorgan Chase & Co. cut their price target on Driven Brands from $23.00 to $21.00 and set an “overweight” rating on the stock in a report on Wednesday, November 12th. Piper Sandler decreased their price objective on Driven Brands from $22.00 to $19.00 and set an “overweight” rating for the company in a research note on Friday, October 24th. Finally, William Blair raised Driven Brands from a “market perform” rating to an “outperform” rating in a research report on Wednesday, December 3rd. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Driven Brands presently has a consensus rating of “Moderate Buy” and an average target price of $21.22.

Driven Brands Stock Up 3.5%

Shares of DRVN stock opened at $15.88 on Thursday. The stock has a market cap of $2.61 billion, a P/E ratio of -12.81, a P/E/G ratio of 1.09 and a beta of 1.04. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 2.44. Driven Brands has a 12 month low of $13.44 and a 12 month high of $19.74. The company has a 50 day simple moving average of $14.66 and a two-hundred day simple moving average of $16.14.

Driven Brands (NASDAQ:DRVN) last released its quarterly earnings data on Wednesday, March 12th. The company reported $0.30 earnings per share for the quarter. The company had revenue of $564.12 million during the quarter. Driven Brands had a negative net margin of 9.14% and a positive return on equity of 25.31%. Driven Brands has set its FY 2025 guidance at 1.230-1.280 EPS. On average, research analysts expect that Driven Brands will post 0.85 earnings per share for the current year.

Institutional Investors Weigh In On Driven Brands

Several institutional investors have recently added to or reduced their stakes in DRVN. Osaic Holdings Inc. increased its holdings in shares of Driven Brands by 82.1% during the second quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock valued at $37,000 after acquiring an additional 941 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in Driven Brands by 744.6% during 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 in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Driven Brands by 1,113.8% in the third quarter. Farther Finance Advisors LLC now owns 3,338 shares of the company’s stock worth $54,000 after buying an additional 3,063 shares during the last quarter. Versant Capital Management Inc acquired a new stake in shares of Driven Brands during the third quarter worth $84,000. Finally, Federated Hermes Inc. acquired a new stake in shares of Driven Brands during the third quarter worth $108,000. Institutional investors and hedge funds own 77.08% of the company’s stock.

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.