During the last session, Driven Brands Holdings Inc. (NASDAQ:DRVN)’s traded shares were 0.47 million. At the end of the trading day, the stock’s price was $30.18, reflecting an intraday loss of -0.13% or -$0.04. The 52-week high for the DRVN share is $35.56, that puts it down -17.83 from that peak though still a striking 26.24% gain since the share price plummeted to a 52-week low of $22.26. The company’s market capitalization is $5.04B, and the average intraday trading volume over the past 10 days was 0.55 million shares, and the average trade volume was 597.09K shares over the past three months.
Driven Brands Holdings Inc. (DRVN) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.00. DRVN has a Sell rating from 0 analyst(s) out of 9 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 5 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.21.
Driven Brands Holdings Inc. (NASDAQ:DRVN) trade information
Driven Brands Holdings Inc. (DRVN) registered a -0.13% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.13% in intraday trading to $30.18 this Friday, 09/03/21, hitting a weekly high. The stock’s 5-day price performance is 2.31%, and it has moved by 3.18% in 30 days. The short interest in Driven Brands Holdings Inc. (NASDAQ:DRVN) is 1.96 million shares and it means that shorts have 7.79 day(s) to cover.
The consensus price target of analysts on Wall Street is $38.75, which implies an increase of 22.12% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $32.00 and $47.00 respectively. As a result, DRVN is trading at a discount of -55.73% off the target high and -6.03% off the low.
Driven Brands Holdings Inc. (DRVN) estimates and forecasts
Statistics show that Driven Brands Holdings Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Driven Brands Holdings Inc. (DRVN) shares have gone up 6.87% during the last six months, with a year-to-date growth rate more than the industry average at 97.62% against 30.50. In the rating firms’ projections, revenue will increase 54.80% compared to the previous financial year.
Revenue for the current quarter is expected to be $353.21 million as predicted by 7 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to $345.25 million by the end of Dec 2021.
While earnings are projected to return -154.30% in 2021, the next five years will return 30.54% per annum.
Driven Brands Holdings Inc. is due to release its next quarterly earnings in October. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Driven Brands Holdings Inc. (NASDAQ:DRVN)’s Major holders
Driven Brands Holdings Inc. insiders own 2.66% of total outstanding shares while institutional holders control 96.87%, with the float percentage being 99.51%. JP Morgan Chase & Company is the largest shareholder of the company, while 127 institutions own stock in it. As of Mar 30, 2021, the company held over 3.78 million shares (or 2.26% of all shares), a total value of $95.99 million in shares.
The next largest institutional holding, with 3.37 million shares, is of AllianceBernstein, L.P.’s that is approximately 2.01% of outstanding shares. At the market price on Mar 30, 2021, these shares were valued at $85.62 million.
Also, the Mutual Funds coming in first place with the largest holdings of Driven Brands Holdings Inc. (DRVN) shares are JP Morgan Small Cap Equity Fund and AB Cap Fd.-AB Small Cap Growth Port. Data provided on Mar 30, 2021 indicates that JP Morgan Small Cap Equity Fund owns about 2.17 million shares. This amounts to just over 1.30 percent of the company’s overall shares, with a $55.29 million market value. The same data shows that the other fund manager holds slightly less at 2.09 million, or about 1.25% of the stock, which is worth about $59.63 million.