Recent Analysts’ Ratings Changes for Driven Brands (DRVN)

Several analysts have recently updated their ratings and price targets for Driven Brands (NASDAQ: DRVN):

• 2/26/2025 – Driven Brands had its price target raised by analysts at Piper Sandler from $19.00 to $22.00. They now have an “overweight” rating on the stock.
• 2/26/2025 – Driven Brands had its price target raised by analysts at JPMorgan Chase & Co. from $14.50 to $17.00. They now have a “neutral” rating on the stock.
• 2/26/2025 – Driven Brands had its price target raised by analysts at BMO Capital Markets from $15.00 to $16.00. They now have a “market perform” rating on the stock.
• 2/26/2025 – Driven Brands had its price target raised by analysts at Canaccord Genuity Group Inc. from $21.00 to $23.00. They now have a “buy” rating on the stock.

Driven Brands Stock Performance

NASDAQ DRVN traded up $0.24 during trading on Wednesday, reaching $16.50. The company’s stock had a trading volume of 480,323 shares, compared to its average volume of 868,413. Driven Brands Holdings Inc. has a 12 month low of $10.59 and a 12 month high of $18.01. The firm has a 50 day moving average price of $16.06 and a 200 day moving average price of $15.57. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 412.38, a price-to-earnings-growth ratio of 0.79 and a beta of 1.13. The company has a current ratio of 1.90, a quick ratio of 1.72 and a debt-to-equity ratio of 2.84.

Driven Brands (NASDAQ:DRVN) last posted its quarterly earnings data on Tuesday, February 25th. The company reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.13. The business had revenue of $564.12 million during the quarter, compared to analysts’ expectations of $572.95 million. Driven Brands had a net margin of 0.27% and a return on equity of 14.86%. Driven Brands’s revenue was up 1.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 earnings per share. As a group, equities analysts anticipate that Driven Brands Holdings Inc. will post 0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Driven Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in DRVN. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Driven Brands by 3.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 34,104 shares of the company’s stock valued at $550,000 after acquiring an additional 1,079 shares during the last quarter. HighTower Advisors LLC boosted its position in Driven Brands by 5.9% during the 3rd quarter. HighTower Advisors LLC now owns 29,161 shares of the company’s stock worth $414,000 after buying an additional 1,617 shares during the period. MetLife Investment Management LLC increased its position in Driven Brands by 5.7% in the 4th quarter. MetLife Investment Management LLC now owns 37,161 shares of the company’s stock valued at $600,000 after acquiring an additional 2,003 shares during the period. Legal & General Group Plc raised its stake in shares of Driven Brands by 5.5% during the fourth quarter. Legal & General Group Plc now owns 73,791 shares of the company’s stock valued at $1,191,000 after acquiring an additional 3,833 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Driven Brands by 20.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,760 shares of the company’s stock worth $384,000 after purchasing an additional 3,952 shares during the period. Institutional investors own 77.08% of the company’s stock.

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.