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

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$43.37 +0.01 (+0.02 %)
(As of 11/19/2018 04:00 PM ET)
Previous Close$43.36
Today's Range$43.35 - $43.40
52-Week Range$23.22 - $44.87
Volume616,700 shs
Average Volume929,804 shs
Market Capitalization$1.55 billion
P/E Ratio29.11
Dividend Yield1.48%
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

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

Debt

Debt-to-Equity RatioN/A
Current Ratio1.68
Quick Ratio1.65

Price-To-Earnings

Trailing P/E Ratio29.11
Forward P/E Ratio26.45
P/E Growth1.86

Sales & Book Value

Annual Sales$423.59 million
Price / Sales3.65
Cash Flow$2.6772 per share
Price / Cash16.20
Book Value($8.12) per share
Price / Book-5.34

Profitability

EPS (Most Recent Fiscal Year)$1.49
Net Income$71.20 million
Net Margins16.81%
Return on Equity-21.64%
Return on Assets10.39%

Miscellaneous

Employees5,041
Outstanding Shares35,690,000
Market Cap$1.55 billion
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 announced a quarterly dividend on Thursday, July 12th. Stockholders 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 dividend yield of 1.48%. The ex-dividend date of this dividend is Tuesday, August 7th. View Sonic's Dividend History.

How will Sonic's stock buyback program work?

Sonic announced that its Board of Directors has initiated a share buyback program on Wednesday, August 8th 2018, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 40.5% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board 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, topping analysts' consensus estimates of $0.51 by $0.01. The restaurant operator earned $111.80 million during the quarter, compared to the consensus estimate 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 period in the prior year, the business earned $0.45 EPS. View Sonic's Earnings History.

When is Sonic's next earnings date?

Sonic is scheduled to release their next quarterly earnings announcement on Thursday, January 3rd 2019. View Earnings Estimates for Sonic.

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

Sonic issued an update on its fourth quarter earnings guidance on Tuesday, September, 11th. The company provided earnings per share guidance of $0.51-0.52 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.50.

What price target have analysts set for SONC?

14 equities research analysts have issued 1-year target prices for Sonic's stock. Their forecasts range from $27.00 to $43.50. On average, they anticipate Sonic's stock price to reach $35.5833 in the next twelve months. This suggests that the stock has a possible downside of 18.0%. View Analyst Price Targets for Sonic.

What is the consensus analysts' recommendation for Sonic?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sonic in the last year. There are currently 13 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 stories about SONC stock have been trending somewhat positive this week, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Sonic earned a media sentiment score of 1.7 on InfoTrie's scale. They also assigned news articles about the restaurant operator a news buzz of 9.0 out of 10, meaning that recent media coverage is extremely likely to have an impact on the stock's share price in the next few days.

Who are some of Sonic's key competitors?

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)

Who are Sonic's major shareholders?

Sonic's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.78%), FIL Ltd (4.04%), Macquarie Group Ltd. (3.55%), JPMorgan Chase & Co. (2.31%), JPMorgan Chase & Co. (2.31%) and Rothschild & Co. Asset Management US Inc. (2.23%). Company insiders that own Sonic stock include Carolyn C Cummins, Christina D Vaughan, E Edward Saroch, Federico F Pena, Frank E Richardson III, Harold A Ceron, John H Budd III and Steven A Davis. View Institutional Ownership Trends for Sonic.

Which institutional investors are selling Sonic stock?

SONC stock was sold by a variety of institutional investors in the last quarter, including Fenimore Asset Management Inc., BlackRock Inc., Macquarie Group Ltd., Rothschild & Co. Asset Management US Inc., Reinhart Partners Inc., Atlanta Capital Management Co. L L C, Man Group plc and Bank of New York Mellon Corp. Company insiders that have sold Sonic company stock in the last year include Carolyn C Cummins, Christina D Vaughan, E Edward Saroch, Federico F Pena, Frank E Richardson III and John H Budd III. View Insider Buying and Selling for Sonic.

Which institutional investors are buying Sonic stock?

SONC stock was purchased by a variety of institutional investors in the last quarter, including FIL Ltd, JPMorgan Chase & Co., JPMorgan Chase & Co., Alpine Associates Management Inc., Canada Pension Plan Investment Board, Renaissance Technologies LLC, Water Island Capital LLC and Gabelli Funds LLC. View Insider Buying and Selling for Sonic.

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 $43.37.

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. Sonic employs 5,041 workers across the globe.

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:  475 (Vote Outperform)
Underperform Votes:  560 (Vote Underperform)
Total Votes:  1,035
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 11/19/2018 by MarketBeat.com Staff

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