Driven Brands Stock Price, News & Analysis (NASDAQ:DRVN)

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Driven Brands in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DRVN shares.
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11 Wall Street analysts have issued twelve-month target prices for Driven Brands' shares. Their DRVN share price targets range from $17.00 to $40.00. On average, they anticipate the company's share price to reach $25.90 in the next twelve months. This suggests a possible upside of 87.1% from the stock's current price.
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Driven Brands' stock was trading at $27.31 at the beginning of the year. Since then, DRVN stock has decreased by 49.3% and is now trading at $13.84.
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Driven Brands saw a decline in short interest in the month of November. As of November 15th, there was short interest totaling 3,340,000 shares, a decline of 5.4% from the October 31st total of 3,530,000 shares. Based on an average daily trading volume, of 1,410,000 shares, the days-to-cover ratio is currently 2.4 days. Approximately 5.5% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
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Driven Brands Holdings Inc. (NASDAQ:DRVN) announced its quarterly earnings results on Wednesday, November, 1st. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The company had revenue of $581.03 million for the quarter, compared to analyst estimates of $571.72 million. Driven Brands had a negative net margin of 30.76% and a positive trailing twelve-month return on equity of 10.33%.

Janus Henderson Small Cap Growth Alpha ETF holds 93,234 shares of DRVN stock, representing 1.60% of its portfolio.

Driven Brands updated its FY23 earnings guidance on Wednesday, November, 1st. The company provided earnings per share (EPS) guidance of ~$0.92 for the period, compared to the consensus EPS estimate of $0.92. The company issued revenue guidance of ~$2.30 billion, compared to the consensus revenue estimate of $2.32 billion.

(DRVN) raised $703 million in an initial public offering (IPO) on Friday, January 15th 2021. The company issued 38,000,000 shares at $17.00-$20.00 per share. Morgan Stanley, BofA Securities, Goldman Sachs, J.P. Morgan and Barclays acted as the underwriters for the IPO and Credit Suisse, Baird, Piper Sandler and William Blair were co-managers.

Driven Brands' stock is owned by many different institutional and retail investors. Top institutional investors include JPMorgan Chase & Co. (2.98%), TimesSquare Capital Management LLC (1.25%), Cooper Creek Partners Management LLC (1.06%), Bamco Inc. NY (1.04%), Summit Creek Advisors LLC (0.46%) and Algert Global LLC (0.41%). Insiders that own company stock include Daniel R Rivera, Driven Equity Llc, Gabriel C Mendoza, Gary W Ferrera, Jonathan G Fitzpatrick, Kyle L Marshall, Michael G Macaluso, Neal K Aronson and Rc Iv Cayman Icw Holdings Llc.
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Shares of DRVN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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