NASDAQ:SONC - Sonic Stock Price, News, & Analysis

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$43.49 0.00 (0.00 %)
(As of 03/25/2019 04:00 PM ET)
Previous Close$43.49
Today's Range$43.49 - $43.49
52-Week Range$23.22 - $44.87
VolumeN/A
Average Volume594,399 shs
Market Capitalization$1.55 billion
P/E Ratio29.19
Dividend Yield1.47%
Beta1.32
Sonic Corp., through its subsidiaries, operates and franchises a chain of drive-in restaurants in the United States. As of August 31, 2018, the company operated 3,606 Sonic Drive-Ins in 45 states, including 3,427 Drive-Ins owned and operated by franchisees; and 179 Drive-Ins owned and operated by the company. The company also owns and leases 162 properties; and sublease 48 properties to franchisees and other parties. Sonic Corp. was founded in 1953 and is headquartered in Oklahoma City, Oklahoma.

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Industry, Sector and Symbol

Industry Eating places
Sub-IndustryRestaurants
SectorRetail/Wholesale
Current SymbolNASDAQ:SONC
CUSIP83545110
Phone405-225-5000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$423.59 million
Cash Flow$2.6763 per share
Book Value($8.12) per share

Profitability

Net Income$71.20 million

Miscellaneous

EmployeesN/A
Market Cap$1.55 billion
Next Earnings DateN/A
OptionableOptionable

Sonic (NASDAQ:SONC) Frequently Asked Questions

What is Sonic's stock symbol?

Sonic trades on the NASDAQ under the ticker symbol "SONC."

How often does Sonic pay dividends? What is the dividend yield for Sonic?

Sonic declared a quarterly dividend on Thursday, July 12th. Shareholders of record on Wednesday, August 8th will be given a dividend of $0.16 per share on Friday, August 17th. This represents a $0.64 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Tuesday, August 7th. View Sonic's Dividend History.

How will Sonic's stock buyback program work?

Sonic declared that its Board of Directors has authorized a share buyback program on Wednesday, August 8th 2018, which permits the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization permits the company to buy up to 40.5% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board of directors believes its shares are undervalued.

How were Sonic's earnings last quarter?

Sonic Co. (NASDAQ:SONC) issued its quarterly earnings data on Tuesday, October, 16th. The restaurant operator reported $0.52 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.51 by $0.01. The restaurant operator earned $111.80 million during the quarter, compared to analyst estimates of $113.22 million. Sonic had a negative return on equity of 21.64% and a net margin of 16.81%. The firm's revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 earnings per share. View Sonic's Earnings History.

What price target have analysts set for SONC?

12 brokers have issued twelve-month price objectives for Sonic's shares. Their predictions range from $27.00 to $43.50. On average, they anticipate Sonic's share price to reach $37.00 in the next year. This suggests that the stock has a possible downside of 14.9%. View Analyst Price Targets for Sonic.

What is the consensus analysts' recommendation for Sonic?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sonic in the last year. There are currently 11 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Sonic.

Has Sonic been receiving favorable news coverage?

Media headlines about SONC stock have been trending somewhat negative recently, according to InfoTrie. The research group identifies negative and positive press coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Sonic earned a media sentiment score of -1.1 on InfoTrie's scale. They also gave news coverage about the restaurant operator a news buzz of 10.0 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company's share price in the next few days.

Who are some of Sonic's key competitors?

What other stocks do shareholders of Sonic own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sonic investors own include Micron Technology (MU), Netflix (NFLX), Starbucks (sbux), NVIDIA (NVDA), Walt Disney (DIS), Tesla (TSLA), Twitter (TWTR), Global Medical REIT (GMRE), General Electric (GE) and Intel (INTC).

Who are Sonic's key executives?

Sonic's management team includes the folowing people:
  • Mr. J. Clifford Hudson, Chairman & CEO (Age 64)
  • Ms. Claudia S. San Pedro, Pres (Age 49)
  • Ms. Paige S. Bass, Sr. VP & Gen. Counsel (Age 49)
  • Mr. E. Edward Saroch, Sr. VP of Franchise Relations (Age 61)
  • Mr. John H. Budd III, Exec. VP and Chief Strategy & Bus. Devel. Officer (Age 51)

How do I buy shares of Sonic?

Shares of SONC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Sonic's stock price today?

One share of SONC stock can currently be purchased for approximately $43.49.

How big of a company is Sonic?

Sonic has a market capitalization of $1.55 billion and generates $423.59 million in revenue each year. The restaurant operator earns $71.20 million in net income (profit) each year or $1.49 on an earnings per share basis.

What is Sonic's official website?

The official website for Sonic is http://www.sonicdrivein.com.

How can I contact Sonic?

Sonic's mailing address is 300 JOHNNY BENCH DRIVE, OKLAHOMA CITY OK, 73104. The restaurant operator can be reached via phone at 405-225-5000 or via email at [email protected]


MarketBeat Community Rating for Sonic (NASDAQ SONC)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  496 (Vote Outperform)
Underperform Votes:  585 (Vote Underperform)
Total Votes:  1,081
MarketBeat's community ratings are surveys of what our community members think about Sonic and other stocks. Vote "Outperform" if you believe SONC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe SONC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/25/2019 by MarketBeat.com Staff

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