NASDAQ:SONC - Sonic Stock Price, News, & Analysis

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$43.30 -0.01 (-0.02 %)
(As of 10/16/2018 04:00 PM ET)
Previous Close$43.31
Today's Range$43.27 - $43.39
52-Week Range$23.22 - $44.87
Volume901,800 shs
Average Volume951,475 shs
Market Capitalization$1.54 billion
P/E Ratio34.68
Dividend Yield1.48%
Beta1.47
Sonic 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 Ratio34.68
Forward P/E Ratio29.06
P/E Growth1.86

Sales & Book Value

Annual Sales$477.27 million
Price / Sales3.23
Cash Flow$2.2228 per share
Price / Cash19.48
Book Value($4.75) per share
Price / Book-9.12

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 Shares35,590,000
Market Cap$1.54 billion

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 dividend yield of 1.48%. 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 initiated a share repurchase program on Wednesday, August 8th 2018, which authorizes the company to buyback $500,000,000.00 in 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 typically a sign that the company's board of directors believes its shares are undervalued.

How were Sonic's earnings last quarter?

Sonic Co. (NASDAQ:SONC) posted its quarterly earnings results on Tuesday, October, 16th. The restaurant operator reported $0.52 earnings per share (EPS) for the quarter, topping 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 23.60% and a net margin of 16.87%. The firm's quarterly revenue 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.

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

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

What price target have analysts set for SONC?

14 brokers have issued twelve-month price targets for Sonic's shares. Their predictions range from $27.00 to $43.50. On average, they expect Sonic's share price to reach $35.3750 in the next year. This suggests that the stock has a possible downside of 18.3%. View Analyst Price Targets for Sonic.

What is the consensus analysts' recommendation 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.

Are investors shorting Sonic?

Sonic saw a decrease in short interest in the month of September. As of September 28th, there was short interest totalling 1,600,282 shares, a decrease of 68.0% from the September 14th total of 5,001,415 shares. Based on an average trading volume of 2,976,180 shares, the days-to-cover ratio is presently 0.5 days. Approximately 4.7% of the shares of the stock are sold short. View Sonic's Current Options Chain.

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)

Who are Sonic's major shareholders?

Sonic's stock is owned by many different of institutional and retail investors. Top institutional investors include Cobiz Wealth LLC (0.10%), Louisiana State Employees Retirement System (0.04%) and State of Alaska Department of Revenue (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.

Which major investors are selling Sonic stock?

SONC stock was sold by a variety of institutional investors in the last quarter, including 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.

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 $43.30.

How big of a company is Sonic?

Sonic has a market capitalization of $1.54 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.

What is Sonic's official website?

The official website for Sonic is http://www.sonicdrivein.com.

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:  471 (Vote Outperform)
Underperform Votes:  551 (Vote Underperform)
Total Votes:  1,022
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 10/16/2018 by MarketBeat.com Staff

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