On March 30, 2023,
Canaccord Genuity
initiated coverage of Driven Brands Holdings with
a Buy recommendation.
Analyst Price Forecast Suggests 32.33% Upside
As of March 30, 2023,
the average one-year price target for Driven Brands Holdings is $39.04.
The forecasts range from a low of $31.31 to a high of $50.40.
The average price target represents an increase of 32.33% from its latest reported closing price of $29.50.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Driven Brands Holdings
is $2,320MM, an increase of 14.11%.
The projected annual non-GAAP EPS
is $1.35.
What are Large Shareholders Doing?
Alliancebernstein
holds 5,919K shares
representing 3.53% ownership of the company.
In it’s prior filing, the firm reported owning 4,646K shares, representing
an increase
of 21.51%.
The firm
decreased
its portfolio allocation in DRVN by 1.21% over the last quarter.
Neuberger Berman Group
holds 4,591K shares
representing 2.74% ownership of the company.
In it’s prior filing, the firm reported owning 4,641K shares, representing
a decrease
of 1.08%.
The firm
decreased
its portfolio allocation in DRVN by 99.95% over the last quarter.
Jpmorgan Chase &
holds 3,957K shares
representing 2.36% ownership of the company.
No change in the last quarter.
NBGNX – Neuberger Berman Genesis Fund Investor Class
holds 3,076K shares
representing 1.84% ownership of the company.
In it’s prior filing, the firm reported owning 3,096K shares, representing
a decrease
of 0.65%.
The firm
decreased
its portfolio allocation in DRVN by 7.13% over the last quarter.
Bain Capital Public Equity Management Ii
holds 2,693K shares
representing 1.61% ownership of the company.
In it’s prior filing, the firm reported owning 2,759K shares, representing
a decrease
of 2.45%.
The firm
decreased
its portfolio allocation in DRVN by 2.88% over the last quarter.
What is the Fund Sentiment?
There are 397 funds or institutions reporting positions in Driven Brands Holdings.
This is an increase
of
7
owner(s) or 1.79% in the last quarter.
Average portfolio weight of all funds dedicated to DRVN is 0.24%,
a decrease
of 19.20%.
Total shares owned by institutions increased
in the last three months by 1.89% to 89,328K shares.
The put/call ratio of DRVN is 0.03, indicating a
bullish
outlook.
Driven Brands Holdings Background Information
(This description is provided by the company.)
Driven Brands™, headquartered in Charlotte, NC, is the largest automotive services company in North America, providing a range of consumer and commercial automotive needs, including paint, collision, glass, vehicle repair, oil change, maintenance and car wash. Driven Brands is the parent company of some of North America’s leading automotive service businesses including Take 5 Oil Change®, Meineke Car Care Centers®, Maaco®, 1-800-Radiator & A/C®, and CARSTAR®. Driven Brands has more than 4,100 centers across 15 countries, and services over 50 million vehicles annually. Driven Brands’ network generates approximately $900 million in revenue from more than $3 billion in system-wide sales.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
