Driven Brands price target lowered to $17 from $21 at BTIG

BTIG lowered the firm’s price target on Driven Brands (DRVN) to $17 from $21 and keeps a Buy rating on the shares after its Q4 results and guidance, as well as the restatement of the company’s 2023-2025 financials. The management called out “a little bit of moderation” in Take 5 traffic starting in Q2 in two of its customer cohorts, namely value-oriented and newer customers, while the company’s 0%-2% comp growth for FY26 means the last three quarters of the year will decelerate from the 1.9%-2.1% comp Driven sees for Q1, the analyst tells investors in a research note.