The stock of Driven Brands Holdings Inc. (NASDAQ:DRVN) increased by $0.07 on Tuesday to finish at $13.45, up 0.52 percent. The last five days have seen an average of 1,417,440 shares of common stock traded. 17 times new highs were reached in the current year, with a fall of -$13.86. The average number of shares traded over the last 20 days was 1,301,990, while the average volume over the last 50 days totaled 1,669,640.
DRVN stock dropped -5.81% since last month. On 09/18/23, the company’s shares reached a one-month low of $13.37. The stock touched a high of $32.97 on 04/28/23, after rallying from a low of $13.15 in 52 weeks. The price of DRVN stock has declined by -50.75% or -$13.86 this year, reaching a new high 17 times. Still, the stock price is down -59.21% from the 52-week high.
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Insider Transactions
DRVN stock investors should be aware that Driven Brands Holdings Inc. (DRVN) stock had its last reported insider trading activity 113 days ago on May 30. On May 30, Chief Executive Officer Fitzpatrick Jonathan G. acquired 42,000 shares at $23.76 each. This transaction resulted in the insider spending $997,920. On May 25, Ferrera Gary W added 4,000 shares at a price of US$24.23. After the transaction, the insider now owns 63,101 shares.
Valuation Metrics
Driven Brands Holdings Inc. (DRVN) has a trailing price-to-earnings (P/E) ratio of 16.83. Beta for the stock is 0.98. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.02, the price-to-book (PB) ratio of 1.25.
Financial Health
For the three months ended June 29, Driven Brands Holdings Inc.’s quick ratio was 1.00, while its current ratio was 1.20, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 1.59, and the total debt to equity ratio is 1.61. As far as profitability goes, gross margin for the trailing twelve months is 45.80% percent. Driven Brands Holdings Inc.’s EBITDA margin for the year ended June 29 was 24.38%, whereas its operating margin stood at 15.10% for the same period. Based on annual data, it had gross profit of $879.52 million and revenue of $2.03 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DRVN’s return on assets (ROA) during the last 12 months has been 2.00%. There was a 4.00% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 8.00%.
Earnings Surprise
According to Driven Brands Holdings Inc.’s quarterly financial report for the quarter that ended June 29. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $606.85 million, while revenues rose by 16.19% to $562.47 million. It was predicted that Driven Brands Holdings Inc.’s quarterly earnings would be $0.29, but it ended up being $0.31, beating the consensus by -6.50%. EBITDA was $144.99 million for the quarter. At the end of Driven Brands Holdings Inc.’s most recent quarter ended June 29, its liabilities totaled 5.1 billion, while its total debt was $4.13 billion. Equity owned by shareholders amounts to $167.53 million.
Technical Picture
Here’s a quick look at Driven Brands Holdings Inc.’s (DRVN) price momentum from a technical perspective. As of 19 September, the RSI 9-day stood at 29.38%, suggesting the stock is oversold, with a 25.59% historical volatility rate.
The stochastic %K and %D were 5.52% and 10.00% respectively, while the average true range (ATR) was 0.45. Based on the 14-day stochastic reading of 4.06%, the RSI (14) reading is 27.04%. On the 9-day MACD Oscillator, the stock is at -0.12, and the 14-day reading is at -0.52.
Analyst Ratings
Driven Brands Holdings Inc. (NASDAQ: DRVN) was downgraded by William Blair to a a Mkt perform rating in its latest research report. The stock was previously rated as a an Outperform. Analysts have assigned Driven Brands Holdings Inc. (DRVN) an Overweight rating. DRVN is a stock that is recommended for selling by 0 brokerage firms, while 2 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 2 rates it overweight and 8 others recommend it as a buy.
What is DRVN’s price target for the next 12 months?
The current consensus forecast for the stock is between $20.00 and $36.00, with a median target price of $23.00. In analyzing these forecasts, the average price target given by analysts for Driven Brands Holdings Inc. (DRVN) is $24.00.
