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

Driven Brands (NASDAQ:DRVN) had its target price reduced by investment analysts at BTIG Research from $21.00 to $17.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. BTIG Research’s price target would suggest a potential upside of 28.50% from the company’s current price.

A number of other analysts also recently commented on DRVN. Piper Sandler lowered their target price on Driven Brands from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Thursday, April 23rd. Zacks Research upgraded Driven Brands from a “strong sell” rating to a “hold” rating in a research note on Thursday, March 19th. Robert W. Baird set a $18.00 target price on shares of Driven Brands in a report on Wednesday. The Goldman Sachs Group reaffirmed a “neutral” rating on shares of Driven Brands in a report on Wednesday, April 22nd. Finally, Canaccord Genuity Group cut their target price on shares of Driven Brands from $24.00 to $20.00 and set a “buy” rating for the company in a report on Wednesday, April 29th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $18.38.

Driven Brands Stock Down 7.1%

NASDAQ:DRVN opened at $13.23 on Wednesday. The company has a market cap of $2.18 billion, a PE ratio of -10.67 and a beta of 0.97. Driven Brands has a twelve month low of $9.80 and a twelve month high of $19.74. The company has a current ratio of 0.90, a quick ratio of 0.80 and a debt-to-equity ratio of 2.44. The company’s 50 day moving average is $12.36 and its two-hundred day moving average is $14.00.

Driven Brands (NASDAQ:DRVN) last issued its 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 analyst estimates of $454.91 million. Driven Brands had a positive return on equity of 25.31% and a negative net margin of 9.14%.Driven Brands has set its FY 2026 guidance at 1.150-1.250 EPS. Analysts anticipate that Driven Brands will post 1.14 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Flax Pond Capital LLC lifted its holdings in Driven Brands by 125.6% in the 1st quarter. Flax Pond Capital LLC now owns 430,020 shares of the company’s stock valued at $5,423,000 after purchasing an additional 239,420 shares in the last quarter. Edgestream Partners L.P. raised its stake in shares of Driven Brands by 56.0% in the 1st quarter. Edgestream Partners L.P. now owns 133,518 shares of the company’s stock valued at $1,684,000 after acquiring an additional 47,910 shares during the period. Seven Six Capital Management LLC boosted its position in shares of Driven Brands by 4.7% during the first quarter. Seven Six Capital Management LLC now owns 307,800 shares of the company’s stock worth $3,881,000 after buying an additional 13,800 shares during the period. Janus Henderson Group PLC boosted its position in shares of Driven Brands by 0.3% during the first quarter. Janus Henderson Group PLC now owns 2,484,305 shares of the company’s stock worth $31,327,000 after buying an additional 7,126 shares during the period. Finally, California State Teachers Retirement System boosted its position in shares of Driven Brands by 47.9% during the first quarter. California State Teachers Retirement System now owns 89,059 shares of the company’s stock worth $1,123,000 after buying an additional 28,829 shares during the period. Hedge funds and other institutional investors own 77.08% of the company’s stock.

Driven Brands Company Profile

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.