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

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

Sonic declared a quarterly dividend on Thursday, July 12th. Investors 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 annualized dividend and a dividend yield of 1.48%. The ex-dividend date is Tuesday, August 7th. View Sonic's Dividend History.

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

Sonic Co. (NASDAQ:SONC) posted its quarterly earnings results on Tuesday, October, 16th. The restaurant operator reported $0.52 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.01. The restaurant operator had revenue of $111.80 million for the quarter, compared to analysts' expectations of $113.22 million. Sonic had a negative return on equity of 23.60% and a net margin of 16.87%. The firm's quarterly revenue was down 9.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.45 EPS. View Sonic's Earnings History.

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

14 brokers have issued twelve-month price targets for Sonic's shares. Their predictions range from $27.00 to $43.50. On average, they expect Sonic's share price to reach $35.3750 in the next year. This suggests that the stock has a possible downside of 18.3%. View Analyst Price Targets for Sonic.

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sonic in the last year. There are currently 12 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Sonic.

Sonic saw a decrease in short interest in the month of September. As of September 28th, there was short interest totalling 1,600,282 shares, a decrease of 68.0% from the September 14th total of 5,001,415 shares. Based on an average trading volume of 2,976,180 shares, the days-to-cover ratio is presently 0.5 days. Approximately 4.7% of the shares of the stock are sold short. View Sonic's Current Options Chain.

Some companies that are related to Sonic include Texas Roadhouse (TXRH), Cracker Barrel Old Country Store (CBRL), Dave & Buster's Entertainment (PLAY), Cheesecake Factory (CAKE), Main Street Capital (MAIN), Jack in the Box (JACK), Wingstop (WING), Brinker International (EAT), Bloomin' Brands (BLMN), Papa John's Int'l (PZZA), BJ's Restaurants (BJRI), Dine Brands Global (DIN), MITCHELLS &BUTLERS (MBPFF), Arcos Dorados (ARCO) and Ruth's Hospitality Group (RUTH).

Sonic's stock is owned by many different of institutional and retail investors. Top institutional investors include Cobiz Wealth LLC (0.10%), Louisiana State Employees Retirement System (0.04%) and State of Alaska Department of Revenue (0.03%). 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.

SONC stock was sold by a variety of institutional investors in the last quarter, including Cobiz Wealth LLC, Louisiana State Employees Retirement System and State of Alaska Department of Revenue. 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.

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.

One share of SONC stock can currently be purchased for approximately $43.30.

Sonic has a market capitalization of $1.54 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 employs 6,173 workers across the globe.

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

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]