Driven Brands Holdings Inc (DRVN) stock: A year of ups and downs

While Driven Brands Holdings Inc has underperformed by -1.35%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, DRVN fell by -53.21%, with highs and lows ranging from $31.47 to $10.60, whereas the simple moving average fell by -30.52% in the last 200 days.

On January 16, 2024, Morgan Stanley Downgraded Driven Brands Holdings Inc (NASDAQ: DRVN) to Equal-Weight.

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Analysis of Driven Brands Holdings Inc (DRVN)

Further, the quarter-over-quarter increase in sales is 12.47%, showing a positive trend in the upcoming months.

There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Driven Brands Holdings Inc’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of -56.43% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.63, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.

As an indicator of volatility for any stock, average volume can also be very valuable, and DRVN is recording an average volume of 1.22M. On a monthly basis, the volatility of the stock is set at 3.16%, whereas on a weekly basis, it is put at 2.86%, with a gain of 1.86% over the past seven days. Furthermore, long-term investors anticipate a median target price of $20.64, showing growth from the present price of $13.11, which can serve as yet another indication of whether DRVN is worth investing in or should be passed over.

How Do You Analyze Driven Brands Holdings Inc Shares?

Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 64.49%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 33.95% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.

Are institutional investors increasing their holdings in DRVN shares?

The recent increase in stakes in DRVN appears to be a result of several institutional investors and hedge funds increasing their positions. Millennium Management LLC’s position in DRVN has increased by 139.38% in the first quarter. The company now owns 6,775,044 shares of the stock, with a value of $96.61 million, following the purchase of 3,944,848 additional shares during the last quarter. The Vanguard Group, Inc. made another increased to its shares in DRVN during the first quarter, upping its stake by 1.92%. During the last quarter, the company picked up 100,079 additional shares for a total stake of worth $75.6 million, bringing number of shares owned by the company to 5,301,384.

During the first quarter, JPMorgan Investment Management, I added a 223,980 position in DRVN. Fidelity Investments Canada ULC purchased an additional 3.97 million shares in the last quarter, increasing its holdings by 4,916.72%, now holding 4.05 million shares worth $57.75 million. At the end of the first quarter, Janus Henderson Investors US LLC increased its DRVN holdings by 22.05% and now holds 2.7 million DRVN shares valued at $38.46 million with the added 0.49 million shares during the period. DRVN shares are owned by institutional investors to the tune of 33.95% at present.

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