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

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$36.78 +0.31 (+0.85 %)
(As of 07/20/2018 04:00 PM ET)
Previous Close$36.78
Today's Range$36.3175 - $37.00
52-Week Range$22.11 - $37.00
Volume266,362 shs
Average Volume903,862 shs
Market Capitalization$1.32 billion
P/E Ratio29.42
Dividend Yield1.75%
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 Ratio29.42
Forward P/E Ratio24.85
P/E Growth1.68

Sales & Book Value

Annual Sales$477.27 million
Price / Sales2.78
Cash Flow$2.2441 per share
Price / Cash16.39
Book Value($7.57) per share
Price / Book-4.86

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$1,316.05

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 declared a quarterly dividend on Thursday, July 12th. Stockholders 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 1.74%. The ex-dividend date of this dividend 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 has approved a share buyback program on Thursday, July 12th 2018, which permits the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to purchase up to 39.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its stock is undervalued.

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

Sonic Drive-In (NASDAQ:SONC) issued its quarterly earnings results on Tuesday, June, 26th. The restaurant operator reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.03. The restaurant operator earned $118.30 million during 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% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.43 EPS. 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 issued an update on 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 estimate of $1.47.

What price target have analysts set for SONC?

13 brokerages have issued 1-year price objectives for Sonic Drive-In's stock. Their predictions range from $26.00 to $41.00. On average, they expect Sonic Drive-In's stock price to reach $30.8462 in the next year. This suggests that the stock has a possible downside of 16.1%. 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?

Media headlines about SONC stock have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sonic Drive-In earned a media sentiment score of 0.11 on Accern's scale. They also gave media headlines about the restaurant operator an impact score of 45.11 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company's share price in the immediate future.

Who are Sonic Drive-In's major shareholders?

Sonic Drive-In's stock is owned by many different of retail and institutional investors. Top institutional investors include Fenimore Asset Management Inc. (2.34%), Municipal Employees Retirement System of Michigan (0.04%), Cornerstone Wealth Management LLC (0.04%), Fox Run Management L.L.C. (0.03%), Atria Investments LLC (0.02%) and Jensen Investment Management Inc. (0.02%). Company insiders that own Sonic Drive-In stock include Carolyn C Cummins, Christina D Vaughan, E Edward Saroch, Federico F Pena, Frank E Richardson III, Harold A Ceron and Steven A Davis. View Institutional Ownership Trends for Sonic Drive-In.

Which institutional 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., Jensen Investment Management Inc. and Municipal Employees Retirement System of Michigan. Company insiders that have sold Sonic Drive-In company stock in the last year include Carolyn C Cummins, Christina D Vaughan, E Edward Saroch, Federico F Pena and Frank E Richardson III. View Insider Buying and Selling for Sonic Drive-In.

Which institutional investors are buying Sonic Drive-In stock?

SONC stock was purchased by a variety of institutional investors in the last quarter, including Cornerstone Wealth Management LLC, Fox Run Management L.L.C. and 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 $36.78.

How big of a company is Sonic Drive-In?

Sonic Drive-In has a market capitalization of $1.32 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:  430 (Vote Outperform)
Underperform Votes:  512 (Vote Underperform)
Total Votes:  942
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 7/21/2018 by MarketBeat.com Staff

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