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Driven Brands Holdings (DRVN) Receives a Buy from Stifel Nicolaus

In a report released today, Chris O`Cull from Stifel Nicolaus maintained a Buy rating on Driven Brands Holdings (DRVNResearch Report), with a price target of $45.00. The company’s shares closed last Thursday at $27.51.

According to TipRanks.com, O`Cull is a 5-star analyst with an average return of 11.2% and a 56.6% success rate. O`Cull covers the Services sector, focusing on stocks such as Restaurant Brands International, Dave & Busters Entertainment, and First Watch Restaurant Group.

Currently, the analyst consensus on Driven Brands Holdings is a Strong Buy with an average price target of $39.40.

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Based on Driven Brands Holdings’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $468 million and net profit of $34.44 million. In comparison, last year the company earned revenue of $329 million and had a GAAP net loss of $19.94 million.

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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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