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Stifel Nicolaus Maintains Their Buy Rating on Driven Brands Holdings (DRVN)

October 27, 2021

In a report released today, Christopher O`Cull from Stifel Nicolaus maintained a Buy rating on Driven Brands Holdings (DRVN – Research Report). The company’s shares closed last Tuesday at $31.17.

According to TipRanks.com, O`Cull is a 5-star analyst with an average return of 20.0% and a 72.7% success rate. O`Cull covers the Services sector, focusing on stocks such as Restaurant Brands International, Dave & Busters Entertainment, and First Watch Restaurant Group.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Driven Brands Holdings with a $40.40 average price target, which is a 27.8% upside from current levels. In a report issued on October 21, Robert W. Baird also reiterated a Buy rating on the stock with a $40.00 price target.

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Based on Driven Brands Holdings’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $375 million and net profit of $35.2 million. In comparison, last year the company earned revenue of $168 million and had a net profit of $3.06 million.

Based on the recent corporate insider activity of 10 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DRVN in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Driven Brands Holdings Inc is an automotive services company. The company provides an extensive range of core consumer and commercial automotive needs, including paint, collision, glass, vehicle repair, oil change, maintenance and car wash.

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Christine Brown