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 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend 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 outstanding 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 often a sign that the company's management believes its shares are undervalued.

Sonic Co. (NASDAQ:SONC) posted its earnings results on Tuesday, October, 16th. The restaurant operator reported $0.52 earnings per share (EPS) for the quarter, beating 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 21.64% and a net margin of 16.81%. Sonic's revenue for the quarter 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 is scheduled to release their next quarterly earnings announcement on Thursday, January 3rd 2019. View Earnings Estimates for Sonic.

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

14 brokerages have issued 1-year price targets for Sonic's shares. Their forecasts range from $27.00 to $43.50. On average, they anticipate Sonic's share price to reach $35.3750 in the next twelve months. 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 decline in short interest in September. As of September 28th, there was short interest totalling 1,600,282 shares, a decline of 68.0% from the September 14th total of 5,001,415 shares. Based on an average daily trading volume, of 2,976,180 shares, the days-to-cover ratio is currently 0.5 days. Currently, 4.7% of the shares of the company 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), Cheesecake Factory (CAKE), Main Street Capital (MAIN), Dave & Buster's Entertainment (PLAY), Jack in the Box (JACK), Wingstop (WING), Brinker International (EAT), Bloomin' Brands (BLMN), Papa John's Int'l (PZZA), Dine Brands Global (DIN), BJ's Restaurants (BJRI), Arcos Dorados (ARCO), MITCHELLS &BUTLERS (MBPFF) and Denny's (DENN).

Sonic's stock is owned by many different of institutional and retail investors. Top institutional investors include Fenimore Asset Management Inc. (0.77%), Seven Eight Capital LP (0.15%), Cobiz Wealth LLC (0.10%), Louisiana State Employees Retirement System (0.04%), State of Alaska Department of Revenue (0.03%) and Cornerstone Wealth Management LLC (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 Fenimore Asset Management Inc., Cornerstone Wealth Management LLC, 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.

SONC stock was bought by a variety of institutional investors in the last quarter, including Seven Eight Capital LP. 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 $423.59 million in revenue each year. The restaurant operator earns $63.66 million in net income (profit) each year or $1.49 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]