Royal Bank Of Canada Cuts Driven Brands (NASDAQ:DRVN) Price Target to $17.00

Driven Brands (NASDAQ:DRVN) had its target price dropped by Royal Bank Of Canada from $18.00 to $17.00 in a research note issued on Thursday, Marketbeat Ratings reports. The brokerage currently has an “outperform” rating on the stock. Royal Bank Of Canada’s price objective suggests a potential upside of 29.86% from the stock’s current price.

Other analysts also recently issued research reports about the company. Canaccord Genuity Group set a $18.00 target price on Driven Brands in a research note on Monday. Piper Sandler lifted their price target on Driven Brands from $11.00 to $13.00 and gave the company a “neutral” rating in a research report on Wednesday, May 20th. Weiss Ratings reissued a “sell (d)” rating on shares of Driven Brands in a report on Friday, March 27th. Freedom Capital upgraded Driven Brands to a “strong-buy” rating in a research report on Monday, March 23rd. Finally, BTIG Research reaffirmed a “buy” rating and set a $17.00 target price on shares of Driven Brands in a report on Friday. Two equities research analysts have rated the stock with a Strong Buy rating, five have given a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $17.18.

Driven Brands Stock Performance

Shares of Driven Brands stock traded down $0.74 during trading on Thursday, hitting $13.09. 142,441 shares of the company’s stock were exchanged, compared to its average volume of 1,703,656. The stock has a market capitalization of $2.16 billion, a price-to-earnings ratio of 15.77 and a beta of 0.97. The business has a 50-day simple moving average of $13.11 and a 200-day simple moving average of $13.93. Driven Brands has a 52-week low of $9.80 and a 52-week high of $19.74. The company has a debt-to-equity ratio of 2.45, a quick ratio of 0.67 and a current ratio of 0.75.

Driven Brands (NASDAQ:DRVN) last posted its quarterly earnings results on Thursday, June 11th. The company reported $0.30 EPS for the quarter, beating the consensus estimate of $0.25 by $0.05. The company had revenue of $484.44 million for 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%. The firm’s revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.27 earnings per share. On average, research analysts forecast that Driven Brands will post 1.04 EPS for the current year.

Institutional Trading of Driven Brands

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

More Driven Brands News

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

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.