Driven Brands (NASDAQ:DRVN) Price Target Cut to $17.00 by Analysts at Royal Bank Of Canada

Driven Brands (NASDAQ:DRVN) had its price objective decreased by Royal Bank Of Canada from $18.00 to $17.00 in a report published on Thursday, MarketBeat.com reports. Royal Bank Of Canada currently has an outperform rating on the stock.

A number of other brokerages have also recently issued reports on DRVN. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Driven Brands in a research note on Friday, March 27th. Morgan Stanley reduced their price objective on shares of Driven Brands from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Wednesday, May 20th. William Blair cut shares of Driven Brands from an “outperform” rating to a “hold” rating in a research note on Wednesday, April 22nd. Robert W. Baird set a $18.00 price objective on shares of Driven Brands and gave the company an “outperform” rating in a research note on Wednesday, May 20th. Finally, Benchmark reaffirmed a “buy” rating on shares of Driven Brands in a research note on Tuesday, May 26th. Two analysts have rated the stock with a Strong Buy rating, five have issued a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Driven Brands presently has a consensus rating of “Moderate Buy” and a consensus price target of $17.18.

Driven Brands Price Performance

Shares of Driven Brands stock traded down $0.72 during midday trading on Thursday, reaching $13.11. The company had a trading volume of 172,143 shares, compared to its average volume of 1,703,789. The company has a current ratio of 0.75, a quick ratio of 0.67 and a debt-to-equity ratio of 2.45. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 15.78 and a beta of 0.97. The stock has a fifty day simple moving average of $13.11 and a 200 day simple moving average of $13.93. Driven Brands has a 1-year low of $9.80 and a 1-year high of $19.74.

Driven Brands (NASDAQ:DRVN) last issued its quarterly earnings results on Thursday, June 11th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.05. The business had revenue of $484.44 million during the quarter, compared to analyst estimates of $480.84 million. Driven Brands had a net margin of 6.55% and a return on equity of 25.83%. Driven Brands’s revenue for the quarter was down 6.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.27 earnings per share. As a group, equities research analysts forecast that Driven Brands will post 1.04 earnings per share for the current year.

Hedge Funds Weigh In On Driven Brands

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Flax Pond Capital LLC boosted its position in shares of Driven Brands by 125.6% during the first quarter. Flax Pond Capital LLC now owns 430,020 shares of the company’s stock worth $5,423,000 after purchasing an additional 239,420 shares in the last quarter. Edgestream Partners L.P. boosted its position in shares of Driven Brands by 56.0% during the first quarter. Edgestream Partners L.P. now owns 133,518 shares of the company’s stock worth $1,684,000 after purchasing an additional 47,910 shares in the last quarter. 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 purchasing an additional 13,800 shares in the last quarter. 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 purchasing an additional 7,126 shares in the last quarter. 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 purchasing an additional 28,829 shares in the last quarter. 77.08% of the stock is owned by institutional investors.

Trending Headlines about Driven Brands

Here are the key news stories impacting Driven Brands this week:

• Positive Sentiment: Driven Brands beat Q1 expectations, reporting $0.30 in EPS versus the $0.25 consensus and revenue of $484.4 million above estimates, which supports the recent rebound in sentiment. Driven Brands Holdings Inc. Reports First Quarter 2026 Results
• Positive Sentiment: Take 5 Oil Change remains a bright spot, helping drive same-store sales growth, higher system-wide sales, and stronger EBITDA, while BTIG reaffirmed its buy rating and set a $17 price target, implying meaningful upside from current levels. BTIG Reaffirms Buy Rating on Driven Brands
• Neutral Sentiment: Management kept its overall outlook unchanged, which suggests the quarter was solid but not strong enough to prompt a more aggressive guidance raise. Driven Brands Tops Earnings Forecasts but Revenue Falls Short as Outlook Remains Unchanged (DRVN)
• Neutral Sentiment: Analysts and earnings-call coverage highlighted ongoing deleveraging efforts and the company’s focus on Take 5 growth, but also noted softer traffic and a cautious second-quarter outlook. DRVN Q1 Earnings Call Keeps Focus on Take 5, Deleveraging
• Negative Sentiment: Despite the earnings beat, revenue still declined 6.2% year over year and bears remain focused on high leverage, margin pressure, customer churn, and inflation-sensitive demand, which may limit further upside. Driven Brands Looks Better, But I’m Not Ready To Buy

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.