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BTIG Downgrades Driven Brands to Neutral From Buy

The downgrade came a day after Driven Brands filed an 8-K that included a restatement and a delayed third-quarter filing.

By Zintick Team · Editor: Kratik Mehta
Published

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Key points

  • BTIG cut Driven Brands to neutral from buy before the open on Nov. 4, 2026
  • No price target was set with the change
  • Stock closed at $11.29 on Nov. 3, 2026, down 4.0% over 20 sessions
  • Peers' median target before the change was $16.00

BTIG downgraded Driven Brands Holdings Inc. (Nasdaq: DRVN) to neutral from buy before the open on Wednesday, Nov. 4, 2026. BTIG did not set a price target with the change.

The action came one day after Driven Brands filed a current report with the Securities and Exchange Commission on Tuesday, Nov. 3, 2026, covering results of operations, a non-reliance on previously issued financials, and financial statements and exhibits. The filing is available here.

The stock closed at $11.29 on Tuesday, Nov. 3, 2026, and had fallen 4.0% over the 20 sessions to that close.

Where the rest of coverage stands

Before Wednesday, eight firms had rated Driven Brands in the past year. Four rated the stock positive and four rated it neutral, with none negative. Seven of those firms had price targets, with a median of $16.00 and a range of $13.00 to $21.00.

Company scale

For the fiscal year ended Dec. 27, 2025, Driven Brands reported revenue of $1.86 billion, up 6% from a year earlier, and operating income of $231.1 million. In the quarter ended June 27, 2026, revenue was $507.4 million, up 7%, and cash and equivalents were $183.9 million. At the last close, the market value was about $1.86 billion.

Sources

Written with AI from analyst rating changes, SEC filings and market data, and checked against those sources before publishing. Our editorial standards.

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Filings, figures and price history are on the Driven Brands page.