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

Sonic Drive-In trades on the NASDAQ under the ticker symbol "SONC."

Sonic Drive-In announced 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 1.75%. The ex-dividend date of this dividend is Tuesday, August 7th. View Sonic Drive-In's Dividend History.

Sonic Drive-In declared that its board has approved a share repurchase program on Thursday, July 12th 2018, which permits the company to repurchase $500,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to repurchase up to 39.6% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Sonic Drive-In (NASDAQ:SONC) released its quarterly earnings results on Tuesday, June, 26th. The restaurant operator reported $0.52 EPS for the quarter, topping the Zacks' consensus estimate of $0.49 by $0.03. The restaurant operator earned $118.30 million during the quarter, compared to analysts' expectations of $119.31 million. Sonic Drive-In had a negative return on equity of 23.60% and a net margin of 16.87%. The firm's revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 EPS. View Sonic Drive-In's Earnings History.

Sonic Drive-In is scheduled to release their next quarterly earnings announcement on Monday, October, 15th 2018. View Earnings Estimates for Sonic Drive-In.

Sonic Drive-In updated its FY18 earnings guidance on Tuesday, June, 26th. The company provided earnings per share (EPS) guidance of $1.45-1.49 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.47.

13 Wall Street analysts have issued twelve-month price targets for Sonic Drive-In's shares. Their predictions range from $26.00 to $41.00. On average, they anticipate Sonic Drive-In's share price to reach $30.8462 in the next twelve months. This suggests that the stock has a possible downside of 15.4%. View Analyst Ratings 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."

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

Media coverage about SONC stock has been trending somewhat positive on Thursday, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sonic Drive-In earned a news impact score of 0.14 on Accern's scale. They also assigned media coverage about the restaurant operator an impact score of 46.56 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company's share price in the near term.

Sonic Drive-In's stock is owned by many different of institutional and retail investors. Top institutional investors include Fenimore Asset Management Inc. (2.34%), Municipal Employees Retirement System of Michigan (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.

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.

SONC stock was bought by a variety of institutional investors in the last quarter, including Fox Run Management L.L.C. and Atria Investments LLC. View Insider Buying and Selling for 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.

One share of SONC stock can currently be purchased for approximately $36.47.

Sonic Drive-In has a market capitalization of $1.31 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.

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]