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 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 approximately $5,231,104. The trade was a 12.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Driven Brands Price Performance

Driven Brands stock opened at $16.19 on Friday. The stock’s 50 day moving average is $14.97 and its 200 day moving average is $16.00. Driven Brands Holdings Inc. has a one year low of $13.44 and a one year high of $19.74. The firm has a market cap of $2.66 billion, a P/E ratio of -13.06, a P/E/G 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) last released its quarterly earnings results 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. Driven Brands had a negative net margin of 9.14% and a positive return on equity of 25.31%. The firm had revenue of $535.68 million during the quarter, compared to analyst estimates of $535.35 million. Driven Brands has set its FY 2025 guidance at 1.230-1.280 EPS. As a group, research analysts expect that Driven Brands Holdings Inc. will post 0.85 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Morgan Stanley decreased their price target on Driven Brands from $20.00 to $17.00 and set an “equal weight” rating for the company in a report on Thursday, January 15th. BTIG Research reaffirmed a “buy” rating and set a $21.00 target price on shares of Driven Brands in a research note on Thursday, January 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Driven Brands in a research note on Monday, December 29th. Wall Street Zen cut Driven Brands from a “buy” rating to a “hold” rating in a report on Saturday, December 13th. Finally, Zacks Research lowered shares of Driven Brands from a “hold” rating to a “strong sell” rating in a research note on Wednesday. Six equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.80.

Institutional Trading of Driven Brands

Several hedge funds have recently bought and sold shares of DRVN. Osaic Holdings Inc. raised its holdings in Driven Brands by 82.1% during the second quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock worth $37,000 after buying an additional 941 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Driven Brands by 744.6% during the second 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 in the last quarter. Farther Finance Advisors LLC raised 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 worth $54,000 after acquiring an additional 3,063 shares during the last quarter. Versant Capital Management Inc bought a new position in Driven Brands in the 3rd quarter valued at about $84,000. Finally, Federated Hermes Inc. acquired a new position in Driven Brands during the 3rd quarter valued at about $108,000. Institutional investors and hedge funds own 77.08% of the company’s stock.

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.