Key Points
- Insider sale: Scott O'melia sold 46,875 shares on Jan. 21 at $16.00 each for a total of $750,000, trimming his stake by 12.54% to 326,944 shares (about $5.23M).
- Outlook and sentiment: Driven Brands beat Q3 EPS ($0.34 vs. $0.29) and set FY2025 guidance of 1.230–1.280 EPS, while analysts have an average "Hold" rating and a consensus target price of $20.80.
Driven Brands Holdings Inc. (NASDAQ:DRVN - Get Free Report) insider Scott O'melia sold 46,875 shares of the stock in a transaction that occurred on Wednesday, January 21st. The shares were sold at an average price of $16.00, for a total value of $750,000.00. Following the completion of the sale, the insider directly owned 326,944 shares of the company's stock, valued at $5,231,104. The trade was a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Driven Brands Stock Performance
Shares of Driven Brands stock opened at $16.19 on Friday. The firm's fifty day simple moving average is $14.97 and its 200-day simple moving average is $16.01. Driven Brands Holdings Inc. has a 12 month low of $13.44 and a 12 month high of $19.74. The stock has a market capitalization of $2.66 billion, a price-to-earnings ratio of -13.06, a PEG ratio of 1.14 and a beta of 1.04. The company has a debt-to-equity ratio of 2.44, a current ratio of 0.90 and a quick ratio of 0.80.
Driven Brands (NASDAQ:DRVN - Get Free Report) last issued its quarterly earnings data on Tuesday, November 4th. The company reported $0.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.05. The company had revenue of $535.68 million for the quarter, compared to the consensus estimate of $535.35 million. Driven Brands had a negative net margin of 9.14% and a positive return on equity of 25.31%. Driven Brands has set its FY 2025 guidance at 1.230-1.280 EPS. As a group, equities analysts forecast that Driven Brands Holdings Inc. will post 0.85 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research firms have weighed in on DRVN. William Blair raised Driven Brands from a "market perform" rating to an "outperform" rating in a research report on Wednesday, December 3rd. Piper Sandler cut their price target on Driven Brands from $22.00 to $19.00 and set an "overweight" rating for the company in a research note on Friday, October 24th. Benchmark reiterated a "buy" rating on shares of Driven Brands in a research report on Wednesday, December 3rd. BTIG Research reissued a "buy" rating and issued a $21.00 price objective on shares of Driven Brands in a research note on Thursday, January 8th. Finally, Morgan Stanley reduced their target price on shares of Driven Brands from $20.00 to $17.00 and set an "equal weight" rating for the company in a research note on Thursday, January 15th. Six investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $20.80.
Get Our Latest Report on Driven Brands
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of DRVN. Osaic Holdings Inc. raised its position in Driven Brands by 82.1% in the second quarter. Osaic Holdings Inc. now owns 2,087 shares of the company's stock worth $37,000 after acquiring an additional 941 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Driven Brands by 744.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the company's stock worth $37,000 after purchasing an additional 1,854 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Driven Brands by 1,113.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,338 shares of the company's stock valued at $54,000 after purchasing an additional 3,063 shares in the last quarter. Versant Capital Management Inc acquired a new stake in shares of Driven Brands in the third quarter valued at about $84,000. Finally, Federated Hermes Inc. acquired a new stake in shares of Driven Brands in the third quarter valued at about $108,000. Institutional investors and hedge funds own 77.08% of the company's stock.
About Driven Brands
(
Get Free Report)
Driven Brands Holdings Inc (NASDAQ: DRVN) is a leading North American provider of automotive aftermarket services, operating through a network of franchised and company-owned locations. The company's platform encompasses a diverse portfolio of car care and maintenance brands, including Meineke Car Care Centers, Maaco Collision Repair & Auto Painting, Take 5 Oil Change, and Carstar Collision Repair. Driven Brands delivers a full range of services from routine maintenance and oil changes to collision repair, paint protection, and vehicle customization.
Headquartered in Charlotte, North Carolina, Driven Brands serves both individual consumers and commercial clients across the United States and Canada.
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