Driven Brands (NASDAQ:DRVN) Given New $17.00 Price Target at BTIG Research

Driven Brands (NASDAQ:DRVN) had its target price dropped by investment analysts at BTIG Research from $21.00 to $17.00 in a report released on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. BTIG Research’s price objective indicates a potential upside of 28.50% from the company’s current price.

Several other research firms have also commented on DRVN. Freedom Capital raised Driven Brands to a “strong-buy” rating in a report on Monday, March 23rd. Zacks Research upgraded Driven Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 19th. Piper Sandler decreased their target price on Driven Brands from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Thursday, April 23rd. William Blair downgraded shares of Driven Brands from an “outperform” rating to a “hold” rating in a research report on Wednesday, April 22nd. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Driven Brands in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $18.38.

Driven Brands Stock Down 7.1%

Shares of Driven Brands stock opened at $13.23 on Wednesday. Driven Brands has a 52-week low of $9.80 and a 52-week high of $19.74. The company has a 50 day moving average of $12.36 and a 200 day moving average of $14.00. The company has a quick ratio of 0.80, a current ratio of 0.90 and a debt-to-equity ratio of 2.44. The company has a market capitalization of $2.18 billion, a P/E ratio of -10.67 and a beta of 0.97.

Driven Brands (NASDAQ:DRVN) last issued its quarterly earnings results on Tuesday, May 19th. The company reported $0.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.10. The company had revenue of $259.60 million during the quarter, compared to the consensus estimate of $454.91 million. Driven Brands had a negative net margin of 9.14% and a positive return on equity of 25.31%. Driven Brands has set its FY 2026 guidance at 1.150-1.250 EPS. As a group, research analysts forecast that Driven Brands will post 1.14 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of DRVN. Osaic Holdings Inc. grew its stake in shares of Driven Brands by 82.1% in the 2nd quarter. Osaic Holdings Inc. now owns 2,087 shares of the company’s stock valued at $37,000 after purchasing an additional 941 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Driven Brands by 744.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,103 shares of the company’s stock worth $37,000 after buying an additional 1,854 shares during the last quarter. Comerica Bank raised its position in Driven Brands by 328.8% during the 4th quarter. Comerica Bank now owns 2,933 shares of the company’s stock worth $43,000 after buying an additional 2,249 shares during the last quarter. Larson Financial Group LLC raised its position in Driven Brands by 1,347.7% during the 4th quarter. Larson Financial Group LLC now owns 3,822 shares of the company’s stock worth $57,000 after buying an additional 3,558 shares during the last quarter. Finally, SJS Investment Consulting Inc. raised its position in Driven Brands by 420.2% during the 1st quarter. SJS Investment Consulting Inc. now owns 4,500 shares of the company’s stock worth $57,000 after buying an additional 3,635 shares during the last quarter. 77.08% of the stock is currently owned by hedge funds and other institutional investors.

About Driven Brands

Driven Brands Holdings Inc (NASDAQ: DRVN) is a leading North American provider of automotive aftermarket services, operating through a network of franchised and company-owned locations. The company’s platform encompasses a diverse portfolio of car care and maintenance brands, including Meineke Car Care Centers, Maaco Collision Repair & Auto Painting, Take 5 Oil Change, and Carstar Collision Repair. Driven Brands delivers a full range of services from routine maintenance and oil changes to collision repair, paint protection, and vehicle customization.

Headquartered in Charlotte, North Carolina, Driven Brands serves both individual consumers and commercial clients across the United States and Canada.