2 weeks Ago By Defense World Staff
Shares of Driven Brands Holdings Inc. ( NASDAQ:DRVN – Get Free Report ) have been assigned a consensus recommendation of “Moderate Buy” from the eleven analysts that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company.
The average 1-year price objective among brokers that have issued a report on the stock in the last year is $16.95. A number of research analysts have commented on DRVN shares.
Piper Sandler restated an “overweight” rating and set a $17.00 price target (up from $14.00) on shares of Driven Brands in a research note on Friday, August 2nd.
Benchmark reissued a “buy” rating and set a $20.00 target price on shares of Driven Brands in a research note on Tuesday, August 20th. BMO Capital Markets began coverage on Driven Brands in a research report on Monday, July 22nd.
They issued a “market perform” rating and a $14.00 target price for the company. Baird R W upgraded shares of Driven Brands to a “strong-buy” rating in a research note on Friday, August 2nd.
Finally, Royal Bank of Canada raised their price objective on shares of Driven Brands from $14.00 to $16.00 and gave the company an “outperform” rating in a research note on Friday, August 2nd.
Get Our Latest Stock Analysis on DRVN Driven Brands Stock Performance Driven Brands ( NASDAQ:DRVN – Get Free Report ) last posted its earnings results on Thursday, August 1st. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.
28 by $0.07. The company had revenue of $611.
60 million during the quarter, compared to analysts’ expectations of $628.34 million. Driven Brands had a positive return on equity of 15.
12% and a negative net margin of 33.56%. The firm’s quarterly revenue was up .
8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share.
On average, analysts expect that Driven Brands will post 0.88 EPS for the current year. Hedge Funds Weigh In On Driven Brands Institutional investors and hedge funds have recently added to or reduced their stakes in the business.
Allspring Global Investments Holdings LLC acquired a new position in shares of Driven Brands in the 1st quarter valued at $26,000. GAMMA Investing LLC grew its holdings in shares of Driven Brands by 49.3% during the first quarter.
GAMMA Investing LLC now owns 2,738 shares of the company’s stock worth $43,000 after purchasing an additional 904 shares during the last quarter. Parallel Advisors LLC increased its position in shares of Driven Brands by 579.2% during the fourth quarter.
Parallel Advisors LLC now owns 3,437 shares of the company’s stock worth $49,000 after purchasing an additional 2,931 shares in the last quarter. Innealta Capital LLC purchased a new stake in shares of Driven Brands in the 2nd quarter valued at about $86,000. Finally, Wedmont Private Capital acquired a new stake in shares of Driven Brands in the 1st quarter valued at about $159,000.
77.08% of the stock is owned by institutional investors and hedge funds. Driven Brands Company Profile ( Get Free Report 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. Featured Stories Five stocks we like better than Driven Brands How to Start Investing in Real Estate Simon Property REIT: A Safe Bet for Growth and Steady Dividends Stock Splits, Do They Really Impact Investors? CarMax’s Impressive Rally: What Investors Should Watch Next Dividend Payout Ratio Calculator MarketBeat Week in Review – 9/23 – 9/27 Receive News & Ratings for Driven Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Driven Brands and related companies with MarketBeat.
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