NASDAQ:SONC - Sonic Drive-In Stock Price, Price Target & More

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$35.68 +0.33 (+0.93 %)
(As of 07/17/2018 04:01 AM ET)
Previous Close$35.35
Today's Range$34.90 - $35.89
52-Week Range$22.11 - $36.49
Volume544,700 shs
Average Volume887,633 shs
Market Capitalization$1.28 billion
P/E Ratio24.55
Dividend Yield1.83%
Beta1.48
Sonic Drive-In logoSonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States. As of August 31, 2017, the company operated 3,593 Sonic Drive-Ins in 45 states, of which 228 were owned and operated by the company and 3,365 were owned and operated by franchisees. The company also owns and leases 135 properties; and sublease 53 properties to franchisees and other parties. The company was founded in 1953 and is headquartered in Oklahoma City, Oklahoma.

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Industry, Sector and Symbol

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

Debt

Debt-to-Equity Ratio-2.62
Current Ratio1.78
Quick Ratio1.78

Price-To-Earnings

Trailing P/E Ratio24.55
Forward P/E Ratio24.11
P/E Growth1.63

Sales & Book Value

Annual Sales$477.27 million
Price / Sales2.70
Cash Flow$2.2454 per share
Price / Cash15.89
Book Value($7.57) per share
Price / Book-4.71

Profitability

EPS (Most Recent Fiscal Year)$1.25
Net Income$63.66 million
Net Margins16.87%
Return on Equity-23.60%
Return on Assets10.25%

Miscellaneous

Employees6,173
Outstanding Shares36,090,000
Market Cap$1,275.64

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Sonic Drive-In (NASDAQ:SONC) Frequently Asked Questions

What is Sonic Drive-In's stock symbol?

Sonic Drive-In trades on the NASDAQ under the ticker symbol "SONC."

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

Sonic Drive-In announced a quarterly dividend on Thursday, July 12th. Investors of record on Wednesday, August 8th will be paid a dividend of $0.16 per share on Friday, August 17th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date is Tuesday, August 7th. View Sonic Drive-In's Dividend History.

How will Sonic Drive-In's stock buyback program work?

Sonic Drive-In announced that its Board of Directors has initiated a share buyback plan on Thursday, July 12th 2018, which authorizes the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to purchase up to 39.6% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its stock is undervalued.

How were Sonic Drive-In's earnings last quarter?

Sonic Drive-In (NASDAQ:SONC) announced its quarterly earnings data on Tuesday, June, 26th. The restaurant operator reported $0.52 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.49 by $0.03. The restaurant operator had revenue of $118.30 million for the quarter, compared to the consensus estimate of $119.31 million. Sonic Drive-In had a negative return on equity of 23.60% and a net margin of 16.87%. The company's revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter last year, the company posted $0.43 earnings per share. View Sonic Drive-In's Earnings History.

When is Sonic Drive-In's next earnings date?

Sonic Drive-In is scheduled to release their next quarterly earnings announcement on Monday, October, 15th 2018. View Earnings Estimates for Sonic Drive-In.

What guidance has Sonic Drive-In issued on next quarter's earnings?

Sonic Drive-In updated its FY18 earnings guidance on Tuesday, June, 26th. The company provided earnings per share guidance of $1.45-1.49 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.47.

What price target have analysts set for SONC?

13 equities research analysts have issued 1 year price targets for Sonic Drive-In's stock. Their forecasts range from $26.00 to $41.00. On average, they anticipate Sonic Drive-In's share price to reach $30.8462 in the next twelve months. This suggests that the stock has a possible downside of 13.5%. View Analyst Ratings for Sonic Drive-In.

What is the consensus analysts' recommendation for Sonic Drive-In?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sonic Drive-In in the last year. There are currently 1 sell rating, 8 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."

Who are some of Sonic Drive-In's key competitors?

Who are Sonic Drive-In's key executives?

Sonic Drive-In'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 & Assistant Corp. Sec. (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)

Has Sonic Drive-In been receiving favorable news coverage?

News headlines about SONC stock have trended somewhat negative on Tuesday, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sonic Drive-In earned a media sentiment score of -0.03 on Accern's scale. They also gave press coverage about the restaurant operator an impact score of 41.57 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

Who are Sonic Drive-In's major shareholders?

Sonic Drive-In's stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Fenimore Asset Management Inc. (2.34%) and Atria Investments LLC (0.02%). Company insiders that own Sonic Drive-In stock include Carolyn C Cummins, Federico F Pena, Frank E Richardson III, Harold A Ceron and Steven A Davis. View Institutional Ownership Trends for Sonic Drive-In.

Which major investors are selling Sonic Drive-In stock?

SONC stock was sold by a variety of institutional investors in the last quarter, including Fenimore Asset Management Inc.. Company insiders that have sold Sonic Drive-In company stock in the last year include Carolyn C Cummins, Federico F Pena and Frank E Richardson III. View Insider Buying and Selling for Sonic Drive-In.

Which major investors are buying Sonic Drive-In stock?

SONC stock was bought by a variety of institutional investors in the last quarter, including Atria Investments LLC. View Insider Buying and Selling for Sonic Drive-In.

How do I buy shares of Sonic Drive-In?

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 Drive-In's stock price today?

One share of SONC stock can currently be purchased for approximately $35.68.

How big of a company is Sonic Drive-In?

Sonic Drive-In has a market capitalization of $1.28 billion and generates $477.27 million in revenue each year. The restaurant operator earns $63.66 million in net income (profit) each year or $1.25 on an earnings per share basis. Sonic Drive-In employs 6,173 workers across the globe.

How can I contact Sonic Drive-In?

Sonic Drive-In'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 Drive-In (NASDAQ SONC)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  427 (Vote Outperform)
Underperform Votes:  510 (Vote Underperform)
Total Votes:  937
MarketBeat's community ratings are surveys of what our community members think about Sonic Drive-In 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 7/17/2018 by MarketBeat.com Staff

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