Sonic Stock Price, News & Analysis (NASDAQ:SONC)

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

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

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

1 brokers have issued 1 year price targets for Sonic's stock. Their forecasts range from $43.50 to $43.50. On average, they expect Sonic's stock price to reach $43.50 in the next twelve months. This suggests a possible upside of 0.0% from the stock's current price. View Analyst Price Targets for Sonic.

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

Media stories about SONC stock have been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. InfoTrie identifies negative and positive news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. Sonic earned a media sentiment score of -1.5 on InfoTrie's scale. They also gave headlines about the restaurant operator a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View News Stories for Sonic.

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

Based on aggregate information from My MarketBeat watchlists, some companies that other Sonic investors own include Netflix (nflx), Walt Disney (dis), Intel (INTC), Starbucks (sbux), NVIDIA (NVDA), General Electric (GE), Global Medical REIT (GMRE), AT&T (t), Twitter (TWTR) and Broadcom (AVGO).

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

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. View Additional Information About Sonic.

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]