Driven Brands Holdings Inc. (NASDAQ: DRVN) is -10.25% lower on its value in year-to-date trading and has touched a low of $25.09 and a high of $35.45 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 $25.21 in the last trading session, with the day’s loss setting it -0.7% off its average median price target of $40.00 for the next 12 months. It is also 48.94% off the consensus price target high of $48.00 offered by 13 analysts, but current levels are 20.94% higher than the price target low of $31.00 for the same period.
Currently trading at $24.51, the stock is -13.89% and -15.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.0 million and changing -2.78% at the moment leaves the stock -17.31% off its SMA200. DRVN registered -6.91% loss for a year compared to 6-month loss of -19.82%. The firm has a 50-day simple moving average (SMA 50) of $4.12 and a 200-day simple moving average (SMA200) of $25.69.
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The stock witnessed a -19.80% gain in the last 1 month and extending the period to 3 months gives it a -11.90%, and is -11.29% down 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 3.46% over the week and 2.80% over the month.
Driven Brands Holdings Inc. (DRVN) has around 11000 employees, a market worth around $4.22B and $2.13B in sales. Current P/E ratio is 110.41 and Fwd P/E is 16.39. Profit margin for the company is 1.80%. Distance from 52-week low is -2.31% and -30.86% 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 “Buy”. 13 analysts offering their recommendations for the stock have an average rating of 1.80, where 2 rate it as a Hold and 2 think it is a “Overweight”. 9 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 08/02/2023.The EPS is expected to grow by 342.80% this year
Driven Brands Holdings Inc. (DRVN) Top Institutional Holders
The shares outstanding are 162.78M, and float is at 62.06M with Short Float at 5.31%.
Driven Brands Holdings Inc. (DRVN) Insider Activity
A total of 24 insider transactions have happened at Driven Brands Holdings Inc. (DRVN) in the last six months, with sales accounting for 9 and purchases happening 15 times. The most recent transaction is an insider sale by ARONSON NEAL K, the company’s Director. SEC filings show that ARONSON NEAL K sold 7,000,000 shares of the company’s common stock on Sep 15 at a price of $32.19 per share for a total of $225.33 million. Following the sale, the insider now owns 32.76 million shares.
Driven Brands Holdings Inc. disclosed in a document filed with the SEC on Sep 15 that Driven Equity LLC (10% Owner) sold a total of 4,742,797 shares of the company’s common stock. The trade occurred on Sep 15 and was made at $32.19 per share for $152.67 million. Following the transaction, the insider now directly holds 29.54 million shares of the DRVN stock.
Still, SEC filings show that on Sep 15, RC IV Cayman ICW Holdings LLC (10% Owner) disposed off 2,257,203 shares at an average price of $32.19 for $72.66 million. The insider now directly holds 14,056,415 shares of Driven Brands Holdings Inc. (DRVN).
Driven Brands Holdings Inc. (DRVN): Who are the competitors?
The company’s main competitors (and peers) include Genuine Parts Company (GPC) that is trading 22.12% up over the past 12 months and Boyd Gaming Corporation (BYD) that is 18.25% higher over the same period. Monro Inc. (MNRO) is 0.37% up on the 1-year trading charts.
