Driven Brands (DRVN) Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Driven Brands in the last twelve months. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" DRVN shares.
View DRVN analyst ratings or view top-rated stocks.

9 brokerages have issued 12-month target prices for Driven Brands' shares. Their DRVN share price forecasts range from $31.00 to $41.00. On average, they anticipate the company's share price to reach $37.56 in the next twelve months. This suggests a possible upside of 41.3% from the stock's current price.
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Driven Brands' stock was trading at $27.31 at the beginning of 2023. Since then, DRVN stock has decreased by 2.7% and is now trading at $26.58.
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Driven Brands saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 2,920,000 shares, a decrease of 11.5% from the April 30th total of 3,300,000 shares. Based on an average daily trading volume, of 514,700 shares, the short-interest ratio is presently 5.7 days. Approximately 4.7% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 26th 2023.
View our DRVN earnings forecast.

Driven Brands Holdings Inc. (NASDAQ:DRVN) released its quarterly earnings results on Tuesday, October, 26th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.04. The company earned $371.15 million during the quarter, compared to analysts' expectations of $358.48 million. Driven Brands had a trailing twelve-month return on equity of 11.33% and a net margin of 1.81%. The firm's revenue was up 38.6% on a year-over-year basis.

ETFs with the largest weight of Driven Brands (NASDAQ:DRVN) stock in their portfolio include Janus Henderson Small Cap Growth Alpha ETF (JSML), First Trust Consumer Discretionary AlphaDEX Fund (FXD), Renaissance IPO ETF (IPO), First Trust Mid Cap Growth AlphaDEX Fund (FNY), First Trust Multi-Manager Small Cap Opportunities ETF (MMSC), First Trust US Equity Opportunities ETF (FPX), iShares U.S. Consumer Focused ETF (IEDI) and iShares U.S. Consumer Discretionary ETF (IYC).

Driven Brands issued an update on its FY23 earnings guidance on Thursday, May, 18th. The company provided earnings per share guidance of $1.21 for the period, compared to the consensus earnings per share estimate of $1.23. The company issued revenue guidance of $2.35 billion, compared to the consensus revenue estimate of $2.37 billion.

(DRVN) raised $703 million in an initial public offering (IPO) on Friday, January 15th 2021. The company issued 38,000,000 shares at a price of $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 trades on the NASDAQ under the ticker symbol "DRVN."

Driven Brands' stock is owned by a number of retail and institutional investors. Top institutional shareholders include JPMorgan Chase & Co. (2.61%), FMR LLC (1.47%), BlackRock Inc. (1.36%), Bain Capital Public Equity Management II LLC (1.31%), American Century Companies Inc. (1.11%) and TimesSquare Capital Management LLC (1.10%). 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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One share of DRVN stock can currently be purchased for approximately $26.58.

Driven Brands (NASDAQ:DRVN) has a market capitalization of $4.45 billion and generates $2.03 billion in revenue each year. The company earns $43.19 million in net income (profit) each year or $0.22 on an earnings per share basis.

The company employs 11,000 workers across the globe.

Driven Brands' mailing address is 440 South Church Street Suite 700, Charlotte NC, 28202. The official website for the company is www.drivenbrands.com. The company can be reached via phone at 704-377-8855 or via email at rachel.webb@drivenbrands.com.