How to set a variable to the output of a command in Bash

We need to use double quotes $"command" to set a variable as an output to the command line argument in bash.

VAR1="$1"
VAR2="$2"

MOREF=`sudo run command against `$VAR1` | grep name | cut -c7-`

echo "$MOREF"

Similarly, you can use backticks command.