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.
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