Scott O’melia Sells 46,875 Shares of Driven Brands (NASDAQ:DRVN) Stock

Driven Brands Holdings Inc. (NASDAQ:DRVN) insider Scott O’melia sold 46,875 shares of the business’s 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 transaction, the insider directly owned 326,944 shares in the company, valued at $5,231,104. This trade represents a 12.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Driven Brands Trading Down 0.8%

DRVN stock traded down $0.14 on Friday, reaching $16.05. The company’s stock had a trading volume of 112,751 shares, compared to its average volume of 752,112. The company has a debt-to-equity ratio of 2.44, a quick ratio of 0.80 and a current ratio of 0.90. The business has a fifty day simple moving average of $14.92 and a two-hundred day simple moving average of $16.02. The firm has a market cap of $2.64 billion, a PE ratio of -12.96, a PEG ratio of 1.15 and a beta of 1.04. Driven Brands Holdings Inc. has a 12-month low of $13.44 and a 12-month high of $19.74.

Driven Brands (NASDAQ:DRVN) last announced its quarterly earnings results on Tuesday, November 4th. The company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.05. Driven Brands had a negative net margin of 9.14% and a positive return on equity of 25.31%. The company had revenue of $535.68 million for the quarter, compared to analysts’ expectations of $535.35 million. Driven Brands has set its FY 2025 guidance at 1.230-1.280 EPS. As a group, research analysts forecast that Driven Brands Holdings Inc. will post 0.85 EPS for the current year.

Analyst Ratings Changes

DRVN has been the topic of a number of research reports. William Blair upgraded shares of Driven Brands from a “market perform” rating to an “outperform” rating in a report on Wednesday, December 3rd. Stifel Nicolaus set a $23.00 price objective on shares of Driven Brands in a report on Monday, November 17th. Benchmark reaffirmed a “buy” rating on shares of Driven Brands in a research note on Wednesday, December 3rd. JPMorgan Chase & Co. decreased their price objective on shares of Driven Brands from $23.00 to $21.00 and set an “overweight” rating for the company in a report on Wednesday, November 12th. Finally, Piper Sandler cut their target price on shares of Driven Brands from $22.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, October 24th. Six investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $20.80.

Institutional Investors Weigh In On Driven Brands

A number of institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. raised its position in shares of Driven Brands by 82.1% during the second quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock valued at $37,000 after buying an additional 941 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Driven Brands by 744.6% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the company’s stock valued at $37,000 after acquiring an additional 1,854 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Driven Brands by 1,113.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 3,338 shares of the company’s stock worth $54,000 after purchasing an additional 3,063 shares in the last quarter. Versant Capital Management Inc purchased a new position in shares of Driven Brands during the third quarter valued at about $84,000. Finally, Federated Hermes Inc. bought a new stake in shares of Driven Brands in the third quarter worth about $108,000. 77.08% of the stock is owned by hedge funds and other institutional investors.

About Driven Brands

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.