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

Sign in or create an account to add this stock to your watchlist.
$36.78 +0.31 (+0.85 %)
(As of 07/22/2018 05:08 AM 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 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.

Receive SONC News and Ratings via Email

Sign-up to receive the latest news and ratings for SONC and its competitors with MarketBeat's FREE daily newsletter.

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 (NASDAQ:SONC) Frequently Asked Questions

What is Sonic's stock symbol?

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

How often does Sonic pay dividends? What is the dividend yield for Sonic?

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 annualized dividend and a yield of 1.74%. The ex-dividend date is Tuesday, August 7th. View Sonic's Dividend History.

How will Sonic's stock buyback program work?

Sonic declared that its Board of Directors has authorized a stock buyback program on Thursday, July 12th 2018, which allows the company to buyback $500,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 39.6% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

How were Sonic's earnings last quarter?

Sonic Co. (NASDAQ:SONC) announced its quarterly earnings data on Tuesday, June, 26th. The restaurant operator reported $0.52 EPS for the quarter, beating the consensus estimate of $0.49 by $0.03. The restaurant operator had revenue of $118.30 million for the quarter, compared to the consensus estimate of $119.31 million. Sonic had a negative return on equity of 23.60% and a net margin of 16.87%. The firm's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period last year, the business earned $0.43 earnings per share. View Sonic's Earnings History.

When is Sonic's next earnings date?

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

What guidance has Sonic issued on next quarter's earnings?

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

What price target have analysts set for SONC?

13 brokers have issued 12-month target prices for Sonic's stock. Their predictions range from $26.00 to $41.00. On average, they anticipate Sonic'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.

What is the consensus analysts' recommendation for Sonic?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sonic 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's key competitors?

Who are Sonic's key executives?

Sonic'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 been receiving favorable news coverage?

News stories about SONC stock have trended somewhat positive recently, Accern reports. Accern scores the sentiment of media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sonic earned a coverage optimism score of 0.24 on Accern's scale. They also gave news articles about the restaurant operator an impact score of 46.36 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days.

Who are Sonic's major shareholders?

Sonic's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders 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 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.

Which institutional investors are selling Sonic 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 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.

Which institutional investors are buying Sonic stock?

SONC stock was bought 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.

How do I buy shares of 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.

What is Sonic's stock price today?

One share of SONC stock can currently be purchased for approximately $36.78.

How big of a company is Sonic?

Sonic 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 employs 6,173 workers across the globe.

How can I contact Sonic?

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]


MarketBeat Community Rating for Sonic (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 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 7/22/2018 by MarketBeat.com Staff

Featured Article: Analyst Ratings

Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.