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Who is the Top Investor In Driven Brands Holdings Inc. (DRVN)?

22 institutions hold shares in Driven Brands Holdings Inc. (DRVN), with 4.05M shares held by insiders accounting for 2.42% while institutional investors hold 81.85% of the company’s shares. The shares outstanding are 161.80M, and float is at 78.35M with Short Float at 2.77%. Institutions hold 79.87% of the Float.

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The top institutional shareholder in the company is JP Morgan Small Cap Equity Fund with over 1.97 million shares valued at $55.36 million. The investor’s holdings represent 1.18% of the DRVN Shares outstanding. As of Jan 30, 2021, the second largest holder is AB Cap Fd.-AB Small Cap Growth Port with 1.62 million shares valued at $45.49 million to account for 0.97% of the shares outstanding. The other top investors are American Century Small Cap Growth Fund which holds 0.5 million shares representing 0.30% and valued at over $14.19 million, while Principal Small Cap Growth Fd I holds 0.22% of the shares totaling 0.37 million with a market value of $10.46 million.

Driven Brands Holdings Inc. (NASDAQ: DRVN) is -4.38% lower on its value in year-to-date trading and has touched a low of $22.26 and a high of $35.56 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DRVN stock was last observed hovering at around $23.96 in the last trading session, with the day’s gains setting it 1.56% off its average median price target of $36.50 for the next 12 months. It is also 34.56% off the consensus price target high of $39.00 offered by 9 analysts, but current levels are 14.93% higher than the price target low of $30.00 for the same period.

Currently trading at $25.52, the stock is -1.66% and -10.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.36 million and changing 6.51% at the moment leaves the stock -10.40% off its SMA200. The firm has a 50-day simple moving average (SMA 50) of $28.07 and a 200-day simple moving average (SMA200) of $28.52.

The stock witnessed a -12.24% in the last 1 month, and is 6.78% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.11% over the week and 5.99% over the month.

Driven Brands Holdings Inc. (DRVN) has around 4900 employees, a market worth around $4.13B and $904.20M in sales. Fwd P/E is 38.49. Distance from 52-week low is 14.65% and -28.23% from its 52-week high. The company has generated returns on investments over the last 12 months (4.00%).

Driven Brands Holdings Inc. (DRVN) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Driven Brands Holdings Inc. (DRVN) is a “Overweight”. 9 analysts offering their recommendations for the stock have an average rating of 2.00, where 3 rate it as a Hold and 1 think it is a “Overweight”. 5 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Driven Brands Holdings Inc. is expected to release its quarterly report on 04/28/2021 and quarterly earnings per share for the current quarter are estimated at $0.06 with sales reaching $291.74M over the same period.The EPS is expected to grow by 9.50% this year, but quarterly earnings will post 39.20% year-over-year.

Driven Brands Holdings Inc. (DRVN) Insider Activity

A total of 4 insider transactions have happened at Driven Brands Holdings Inc. (DRVN) in the last six months, with sales accounting for 0 and purchases happening 4 times. The most recent transaction is an insider purchase by Mendoza Gabriel C., the company’s EVP & Pres., Car Wash N.A.. SEC filings show that Mendoza Gabriel C. bought 21,700 shares of the company’s common stock on Jan 22 at a price of $29.76 per share for a total of $0.65 million. Following the purchase, the insider now owns 0.27 million shares.

Driven Brands Holdings Inc. disclosed in a document filed with the SEC on Jan 21 that Mendoza Gabriel C. (EVP & Pres., Car Wash N.A.) bought a total of 8,300 shares of the company’s common stock. The trade occurred on Jan 21 and was made at $29.86 per share for $0.25 million. Following the transaction, the insider now directly holds 0.25 million shares of the DRVN stock.

Still, SEC filings show that on Jan 19, Marshall Kyle L. (President, Platform Services) acquired 2,220 shares at an average price of $26.98 for $59896.0. The insider now directly holds 23,546 shares of Driven Brands Holdings Inc. (DRVN).

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