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 stock in a transaction dated Wednesday, January 21st. The shares were sold at an average price of $16.00, for a total transaction of $750,000.00. Following the transaction, the insider owned 326,944 shares of the company’s stock, valued at approximately $5,231,104. The trade was a 12.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Driven Brands Stock Performance

NASDAQ DRVN traded down $0.14 during trading hours on Friday, reaching $16.05. 112,751 shares of the company were exchanged, compared to its average volume of 752,112. The stock has a market capitalization of $2.64 billion, a P/E ratio of -12.96, a P/E/G ratio of 1.15 and a beta of 1.04. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 2.44. Driven Brands Holdings Inc. has a 1 year low of $13.44 and a 1 year high of $19.74. The business’s 50 day simple moving average is $14.92 and its 200-day simple moving average is $16.02.

Driven Brands (NASDAQ:DRVN) last released its earnings results on Tuesday, November 4th. The company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.05. The firm had revenue of $535.68 million during 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. On average, equities research analysts expect that Driven Brands Holdings Inc. will post 0.85 earnings per share for the current year.

Institutional Trading of Driven Brands

A number of hedge funds have recently made changes to their positions in DRVN. Osaic Holdings Inc. grew its holdings in shares of 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 purchasing an additional 941 shares during the last quarter. EverSource Wealth Advisors LLC grew 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 worth $37,000 after acquiring an additional 1,854 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Driven Brands by 1,113.8% in the third quarter. Farther Finance Advisors LLC now owns 3,338 shares of the company’s stock valued at $54,000 after acquiring an additional 3,063 shares during the period. Versant Capital Management Inc bought 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 institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the company. William Blair upgraded Driven Brands from a “market perform” rating to an “outperform” rating in a research note on Wednesday, December 3rd. Wall Street Zen cut Driven Brands from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. 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. Zacks Research downgraded shares of Driven Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Finally, Morgan Stanley lowered their price target on shares of Driven Brands from $20.00 to $17.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 15th. 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 MarketBeat, the company currently has an average rating of “Hold” and an average price target of $20.80.

Driven Brands Company Profile

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.