Sonic Corp. Company Profile (NASDAQ:SONC)

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

Sonic Corp. announced a quarterly dividend on Thursday, July 6th. Shareholders of record on Wednesday, August 9th will be given a dividend of $0.14 per share on Friday, August 18th. This represents a $0.56 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Monday, August 7th. View Sonic Corp.'s Dividend History.

Sonic Corp. announced that its board has initiated a stock buyback program on Friday, August 11th 2017, which allows the company to repurchase $160,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to repurchase up to 16.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Sonic Corp. (NASDAQ:SONC) posted its earnings results on Wednesday, January, 4th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.21 by $0.03. The business earned $129.55 million during the quarter, compared to analysts' expectations of $132.59 million. Sonic Corp. had a net margin of 13.23% and a negative return on equity of 44.21%. The company's quarterly revenue was down 11.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.24 earnings per share. View Sonic Corp.'s Earnings History.

Sonic Corp. is scheduled to release their next quarterly earnings announcement on Monday, October, 23rd 2017. View Earnings Estimates for Sonic Corp..

13 brokerages have issued 1-year price targets for Sonic Corp.'s shares. Their forecasts range from $24.00 to $32.00. On average, they expect Sonic Corp.'s share price to reach $27.67 in the next year. View Analyst Ratings for Sonic Corp..

Here are some recent quotes from research analysts about Sonic Corp. stock:

• 1. According to Zacks Investment Research, "Sonic Corp. operates and franchises one of the largest chain of drive-in restaurants in the United States. Sonic restaurants offer made-to-order hamburgers and other sandwiches and feature Sonic signature items, such as footlong coney cheese dogs, hand-battered onion rings, tater tots, specialty soft drinks, including cherry limeades and slushes, and frozen desserts. At a typical Sonic restaurant, a customer drives into one of 24 to 36 covered drive-in spaces, orders through an intercom, and has the food delivered by a carhop within an average of four minutes. " (9/22/2017)
• 2. Cowen and Company analysts commented, "We worry comps will be challenged in SONC's 2Q and 3Q, modestly trailing Street estimates. Shares' downside could be limited as SONC completed the previous initiative to refranchise to ~95% one quarter ahead of schedule, which could lead to a favorable company margin and G&A guidance update. Downside is further limited by targets to repurchase 17%+ of the company's market cap in 2017." (3/24/2017)

Sonic Corp. saw a decrease in short interest in the month of August. As of August 15th, there was short interest totalling 9,634,030 shares, a decrease of 12.0% from the July 31st total of 10,950,839 shares. Based on an average daily trading volume, of 879,562 shares, the days-to-cover ratio is presently 11.0 days. Currently, 24.2% of the company's shares are sold short.

Some companies that are related to Sonic Corp. include Domino's Pizza Group PLC. (DOM), Wingstop (WING), Red Robin Gourmet Burgers (RRGB), Del Taco Restaurants (TACO), Carrols Restaurant Group (TAST), Fogo de Chao (FOGO), Noodles & Company (NDLS), Jamba (JMBA), Papa Murphy's Holdings (FRSH), Country Syl Ckng Restaurant Chain Co Ltd (CCSC) and Popeyes Louisiana Kitchen (PLKI).

Sonic Corp.'s management team includes the folowing people:

• James Clifford Hudson, Chairman of the Board, President, Chief Executive Officer
• Claudia S. San Pedro, Chief Financial Officer, Executive Vice President
• Christina D. Vaughan, President of Sonic Restaurants, Inc.
• Jose A. Duenas, Executive Vice President, Chief Brand Officer
• Paige S. Bass, Senior Vice President, General Counsel and Assistant Corporate Secretary
• John H. Budd III, Senior Vice President, Chief Development and Strategy Officer
• Michelle E. Britten, Chief Accounting Officer, Vice President
• Lori Abou Habib, Chief Marketing Officer
• Corey R. Horsch, Vice President of Investor Relations, Treasurer
• Carolyn C. Cummins, Vice President - Compliance, Corporate Secretary

Sonic Corp.'s stock is owned by a variety of of retail and institutional investors. Top institutional shareholders include Southeastern Asset Management Inc. TN (15.40%), SOUTHEASTERN ASSET MANAGEMENT INC (15.40%), BlackRock Inc. (12.07%), Vanguard Group Inc. (8.60%), Dimensional Fund Advisors LP (4.66%) and Macquarie Group Ltd. (2.79%). Company insiders that own Sonic Corp. stock include Carolyn C Cummins, Craig Jeffrey Miller, Federico F Pena, Frank E Richardson III, Harold A Ceron, J Clifford Hudson, Kate S Lavelle, Kathy L Taylor, Michelle E Britten, Paige S Bass, Robert M Rosenberg and Steven A Davis. View Institutional Ownership Trends for Sonic Corp..

Sonic Corp.'s stock was sold by a variety of institutional investors in the last quarter, including Gotham Asset Management LLC, BlackRock Inc., Thrivent Financial For Lutherans, Canada Pension Plan Investment Board, TIAA CREF Investment Management LLC, Goldman Sachs Group Inc., Voya Investment Management LLC and Principal Financial Group Inc.. Company insiders that have sold Sonic Corp. stock in the last year include Carolyn C Cummins, Frank E Richardson III and Harold A Ceron. View Insider Buying and Selling for Sonic Corp..

Sonic Corp.'s stock was acquired by a variety of institutional investors in the last quarter, including Westfield Capital Management Co. LP, UBS Asset Management Americas Inc., Marshall Wace North America L.P., Westwood Holdings Group Inc., Great Lakes Advisors LLC, Cipher Capital LP, AHL Partners LLP and Dimensional Fund Advisors LP. Company insiders that have bought Sonic Corp. stock in the last two years include Kathy L Taylor and Steven A Davis. View Insider Buying and Selling for Sonic Corp..

Shares of Sonic Corp. can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Sonic Corp. stock can currently be purchased for approximately $24.65.