About Sonic (NASDAQ:SONC)
Sonic Corp. operates and franchises the chain of drive-thru restaurants (Sonic Drive-Ins) in the United States. As of August 31, 2016, 3,557 Sonic Drive-Ins were in operation from coast to coast in 45 states, consisting of 345 Company drive-thrus and 3,212 franchise drive-thrus. As of August 31, 2016, its restaurant design and construction consisted of a kitchen housed in a one-story building, which was approximately 1,500 square feet, flanked by canopy-covered rows of 16 to 24 parking spaces, with each space having its own payment terminal, intercom speaker system and menu board. At a Sonic Drive-In, a customer drives into one of the parking spaces, orders through the intercom speaker system and has the food delivered by a carhop and Sonic Drive-Ins also include a drive-thru lane and patio seating to provide customers with alternative dining options. Its food items include specialty drinks, such as cherry limeades and slushes, ice cream desserts and chicken sandwiches and hamburgers.
Industry, Sector and Symbol
Industry Quick Service Restaurants
Trailing P/E Ratio18.0810810810811
Forward P/E Ratio17.49
Sales & Book Value
Annual Sales$477.27 million
Price / Sales2.16
Cash Flow$2.25 per share
Price / Cash11.90
Book Value($4.75) per share
Price / Book-5.63
Net Income$63.66 million
Return on Equity-28.95%
Return on Assets9.91%
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 Friday, January 12th. Investors of record on Wednesday, February 7th will be paid a dividend of $0.16 per share on Friday, February 16th. This represents a $0.64 annualized dividend and a yield of 2.39%. The ex-dividend date of this dividend is Tuesday, February 6th. View Sonic's Dividend History.
How will Sonic's stock buyback program work?
Sonic announced that its board has initiated a share buyback program on Thursday, October 26th 2017, which allows the company to buyback $160,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to purchase up to 14.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company's board believes its shares are undervalued.
How were Sonic's earnings last quarter?
Sonic Co. (NASDAQ:SONC) announced its quarterly earnings data on Thursday, January, 4th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.25 by $0.05. The restaurant operator had revenue of $105.40 million for the quarter, compared to analyst estimates of $106.86 million. Sonic had a net margin of 13.68% and a negative return on equity of 28.95%. The business's revenue was down 18.7% on a year-over-year basis. During the same period last year, the business earned $0.24 earnings per share. View Sonic's Earnings History.
When will Sonic make its next earnings announcement?
Where is Sonic's stock going? Where will Sonic's stock price be in 2018?
12 brokers have issued 1 year price objectives for Sonic's stock. Their forecasts range from $26.00 to $32.00. On average, they expect Sonic's share price to reach $29.67 in the next twelve months. View Analyst Ratings for Sonic.
Who are some of Sonic's key competitors?
Some companies that are related to Sonic include Domino's Pizza Group (DOM), Popeyes Louisiana Kitchen (PLKI), Wingstop (WING), CEC Entertainment (CEC), Red Robin Gourmet Burgers (RRGB), Del Taco Restaurants (TACO), Carrols Restaurant Group (TAST), Fogo De Chao (FOGO), DP Eurasia (DPEU), Noodles & Co (NDLS), Country Syl Ckng Restaurant Chain (CCSC), Jamba (JMBA) and Papa Murphy's (FRSH).
Who are Sonic's key executives?
Sonic's management team includes the folowing people:
- James Clifford Hudson, Chairman of the Board, President, Chief Executive Officer (Age 63)
- Claudia S. San Pedro, Chief Financial Officer, Executive Vice President (Age 48)
- Christina D. Vaughan, President of Sonic Restaurants, Inc. (Age 42)
- Jose A. Duenas, Executive Vice President, Chief Brand Officer (Age 45)
- Paige S. Bass, Senior Vice President, General Counsel and Assistant Corporate Secretary (Age 48)
- John H. Budd III, Senior Vice President, Chief Development and Strategy Officer (Age 50)
- Michelle E. Britten, Chief Accounting Officer, Vice President (Age 50)
- Lori Abou Habib, Chief Marketing Officer, Vice President (Age 37)
- Corey R. Horsch, Vice President of Investor Relations, Treasurer (Age 40)
- Carolyn C. Cummins, Vice President - Compliance, Corporate Secretary (Age 59)
Who owns Sonic stock?
Sonic's stock is owned by many different of institutional and retail investors. Top institutional shareholders include
SOUTHEASTERN ASSET MANAGEMENT INC
(16.00%), Schwab Charles Investment Management Inc. (0.62%), Reinhart Partners Inc. (0.29%), Cobiz Wealth LLC (0.14%), Texas Permanent School Fund (0.07%) and Fox Run Management L.L.C. (0.06%). Company insiders that own Sonic stock include Carolyn C Cummins, Craig Jeffrey Miller, Federico F Pena, Frank E Richardson III, Harold A Ceron, J Clifford Hudson, Kate S Lavelle, Kathy L Taylor, Paige S Bass and Steven A Davis. View Institutional Ownership Trends for Sonic.
Who sold Sonic stock? Who is selling Sonic stock?
Sonic's stock was sold by a variety of institutional investors in the last quarter, including Reinhart Partners Inc., Texas Permanent School Fund and Cobiz Wealth LLC. Company insiders that have sold Sonic company stock in the last year include Carolyn C Cummins, Federico F Pena and Frank E Richardson III. View Insider Buying and Selling for Sonic.
Who bought Sonic stock? Who is buying Sonic stock?
Sonic's stock was purchased by a variety of institutional investors in the last quarter, including Schwab Charles Investment Management Inc. and Fox Run Management L.L.C.. Company insiders that have bought Sonic stock in the last two years include Kathy L Taylor and Steven A Davis. View Insider Buying and Selling for Sonic.
How do I buy Sonic stock?
Shares of Sonic 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 Sonic stock can currently be purchased for approximately $26.76.
How big of a company is Sonic?
Sonic has a market capitalization of $1.02 billion and generates $477.27 million in revenue each year. The restaurant operator earns $63.66 million in net income (profit) each year or $1.48 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 (SONC)MarketBeat's community ratings are surveys of what our community members think about Sonic and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
Sonic (NASDAQ:SONC) Analysts' Consensus Rating (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus analyst ratings for company stocks using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Today||30 Days Ago||90 Days Ago||180 Days Ago|
|Consensus Rating: ||Hold||Hold||Hold||Hold|
|Consensus Rating Score: ||2.33||2.36||2.33||2.08|
|Ratings Breakdown: ||1 Sell Rating(s)|
6 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
5 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|1 Sell Rating(s)|
6 Hold Rating(s)
5 Buy Rating(s)
0 Strong Buy Rating(s)
|2 Sell Rating(s)|
7 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s)
|Consensus Price Target: ||$29.67||$27.82||$27.82||$27.45|
|Price Target Upside: ||12.63% upside||12.17% upside||12.17% upside||13.26% upside|
Sonic (NASDAQ:SONC) Consensus Price Target History
Sonic (NASDAQ:SONC) Analyst Ratings History
(Data available from 1/24/2016 forward)
Sonic (NASDAQ:SONC) Earnings History and Estimates Chart
Sonic (NASDAQ SONC) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|1/4/2018||Q1 2018||$0.25||$0.30||$106.86 million||$105.40 million||View||Listen|
|10/16/2017||Q4 2017||$0.43||$0.45||$126.01 million||$123.60 million||View||N/A|
|6/22/2017||Q3 2017||$0.41||$0.43||$122.58 million||$124.00 million||View||N/A|
|3/28/2017||Q2 2017||$0.14||$0.15||$104.32 million||$100.20 million||View||N/A|
|1/4/2017||Q117||$0.21||$0.24||$132.59 million||$129.55 million||View||Listen|
|10/24/2016||Q4||$0.44||$0.45||$167.15 million||$162.12 million||View||Listen|
|6/23/2016||Q3||$0.42||$0.43||$167.52 million||$165.24 million||View||Listen|
|3/29/2016||Q216||$0.16||$0.18||$128.73 million||$133.16 million||View||N/A|
|1/5/2016||Q116||$0.23||$0.24||$145.02 million||$145.80 million||View||N/A|
|10/19/2015||Q4||$0.42||$0.43||$175.33 million||$175.30 million||View||Listen|
|6/22/2015||Q315||$0.36||$0.36||$163.36 million||$164.75 million||View||N/A|
|3/24/2015||Q215||$0.12||$0.13||$123.58 million||$126.22 million||View||N/A|
|1/6/2015||Q115||$0.16||$0.18||$133.80 million||$139.86 million||View||N/A|
|10/21/2014||Q4||$0.34||$0.34||$161.00 million||$163.77 million||View||Listen|
|6/23/2014||Q314||$0.29||$0.30||$148.55 million||$152.20 million||View||Listen|
|3/24/2014||Q214||$0.06||$0.07||$110.87 million||$109.70 million||View||Listen|
|1/6/2014||Q1||$0.13||$0.13||$127.99 million||$126.70 million||View||Listen|
|10/21/2013||Q413||$0.30||$0.30||$155.78 million||$158.80 million||View||N/A|
|6/24/2013||Q3 2013||$0.26||$0.26||$147.54 million||$146.60 million||View||N/A|
|3/25/2013||Q2 2013||$0.05||$0.05||$112.72 million||$111.10 million||View||N/A|
|1/3/2013||Q1 2013||$0.11||$0.11||$126.29 million||$126.01 million||View||N/A|
Sonic (NASDAQ:SONC) Earnings Estimates
2018 EPS Consensus Estimate: $1.48
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Sonic (NASDAQ:SONC) Dividend Information
|Payout Ratio:||43.24% (Trailing 12 Months of Earnings) |
41.83% (Based on This Year's Estimates)
37.87% (Based on Next Year's Estimates)
Sonic (NASDAQ:SONC) Dividend History by Quarter
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Sonic (NASDAQ SONC) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 8.28%
Sonic (NASDAQ SONC) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|1/17/2018||Federico F Pena||Director||Sell||4,575||$25.99||$118,904.25|| |
|12/18/2017||Frank E Richardson III||Director||Sell||3,670||$28.21||$103,530.70||1,061,699|| |
|12/13/2017||Frank E Richardson III||Director||Sell||50,000||$28.40||$1,420,000.00|| |
|12/8/2017||Frank E Richardson III||Director||Sell||50,000||$27.62||$1,381,000.00||1,149,890|| |
|12/5/2017||Carolyn C. Cummins||VP||Sell||1,200||$27.02||$32,424.00|| |
|11/30/2017||Carolyn C Cummins||VP||Sell||2,347||$25.43||$59,684.21|| |
|11/30/2017||Federico F Pena||Director||Sell||9,209||$25.22||$232,250.98|| |
|10/26/2017||Frank E Richardson III||Director||Sell||50,000||$25.59||$1,279,500.00||1,187,659|| |
|10/23/2017||Federico F. Pena||Director||Sell||1,161||$25.20||$29,257.20||1,187,659|| |
|9/7/2017||Steven A Davis||Director||Buy||1,000||$22.49||$22,490.00|| |
|9/6/2017||Steven A Davis||Director||Buy||2,000||$23.00||$46,000.00|| |
|7/21/2017||Steven A Davis||Director||Buy||2,000||$24.62||$49,240.00|| |
|5/16/2017||Frank E Richardson III||Director||Sell||50,000||$28.15||$1,407,500.00||1,202,310|| |
|5/8/2017||Carolyn C. Cummins||VP||Sell||2,500||$28.39||$70,975.00|| |
|1/11/2017||Harold A. Ceron||VP||Sell||3,112||$27.02||$84,086.24|| |
|1/10/2017||Frank E Richardson III||Director||Sell||4,685||$27.57||$129,165.45||1,290,728|| |
|5/27/2016||Craig Jeffrey Miller||Insider||Sell||25,394||$30.00||$761,820.00||6,600|| |
|5/25/2016||Kathy L Taylor||Director||Buy||10,000||$29.85||$298,500.00||1,358|| |
|4/28/2016||Craig Jeffrey Miller||Insider||Sell||25,700||$35.53||$913,121.00||9,000|| |
|4/25/2016||Frank E Richardson III||Director||Sell||45,005||$34.96||$1,573,374.80||1,304,655|| |
|4/20/2016||Frank E Richardson III||Director||Sell||3,895||$35.00||$136,325.00||1,320,942|| |
|4/19/2016||Frank E Richardson III||Director||Sell||51,100||$35.05||$1,791,055.00||1,355,937|| |
|4/13/2016||Paige S Bass||SVP||Sell||17,800||$35.15||$625,670.00||15,087|| |
|4/5/2016||J Clifford Hudson||CEO||Sell||42,421||$35.22||$1,494,067.62|| |
|4/4/2016||Carolyn C Cummins||VP||Sell||2,000||$35.71||$71,420.00||20,371|| |
|4/4/2016||J Clifford Hudson||CEO||Sell||93,741||$35.27||$3,306,245.07|| |
|3/14/2016||Carolyn C Cummins||VP||Sell||8,000||$32.12||$256,960.00||30,371|| |
|2/1/2016||Kate S. Lavelle||Director||Sell||6,222||$29.85||$185,726.70|| |
|1/13/2016||Robert M. Rosenberg||Director||Sell||10,125||$29.72||$300,915.00||57,546|| |
|1/11/2016||Federico F. Pena||Director||Sell||10,125||$29.80||$301,725.00||1,161|| |
|12/15/2015||Robert M. Rosenberg||Director||Sell||12,403||$30.99||$384,368.97||57,546|| |
|12/4/2015||Michelle E. Britten||VP||Sell||5,508||$29.30||$161,384.40||6,860|| |
|12/3/2015||Paige S. Bass||SVP||Sell||15,456||$29.76||$459,970.56||1,807|| |
|12/2/2015||Carolyn C. Cummins||VP||Sell||7,874||$29.76||$234,330.24||23,351|| |
|7/16/2015||Stephen C Vaughan||Insider||Sell||21,250||$29.06||$617,525.00|| |
|7/13/2015||Stephen C Vaughan||Insider||Sell||21,000||$29.43||$618,030.00|| |
|7/6/2015||Stephen C Vaughan||Insider||Sell||13,287||$27.90||$370,707.30|| |
|7/1/2015||Stephen C Vaughan||Insider||Sell||21,261||$29.05||$617,632.05|| |
|6/29/2015||Stephen C Vaughan||Insider||Sell||16,220||$29.33||$475,732.60|| |
|6/15/2015||Craig Jeffrey Miller||Insider||Sell||35,945||$31.56||$1,134,424.20|| |
|6/10/2015||Stephen C Vaughan||CFO||Sell||36,195||$31.08||$1,124,940.60|| |
|6/8/2015||Stephen C Vaughan||CFO||Sell||4,192||$31.00||$129,952.00|| |
|6/5/2015||Stephen C Vaughan||CFO||Sell||14,705||$30.12||$442,914.60|| |
|3/17/2015||Frank E Richardson III||Director||Sell||48,600||$32.93||$1,600,398.00|| |
|3/13/2015||Frank E Richardson III||Director||Sell||32,307||$32.61||$1,053,531.27|| |
|3/10/2015||Robert M Rosenberg||Director||Sell||15,000||$32.19||$482,850.00|| |
|2/11/2015||Michelle E Britten||VP||Sell||2,110||$30.93||$65,262.30|| |
|1/23/2015||Michael J Maples||Director||Sell||4,149||$31.09||$128,992.41|| |
|1/22/2015||Michael J Maples||Director||Sell||25,048||$30.93||$774,734.64|| |
|1/16/2015||Stephen C Vaughan||CFO||Sell||77,702||$31.54||$2,450,721.08|| |
|1/15/2015||Federico F Pena||Director||Sell||14,791||$31.27||$462,514.57|| |
|1/14/2015||J Clifford Hudson||CEO||Sell||190,000||$31.57||$5,998,300.00|| |
|1/13/2015||Carolyn C Cummins||VP||Sell||2,000||$31.24||$62,480.00|| |
|1/12/2015||Federico F Pena||Director||Sell||10,125||$30.80||$311,850.00|| |
|12/22/2014||Pedro Claudia San||VP||Sell||11,366||$26.16||$297,334.56|| |
|12/11/2014||Frank E Richardson III||Director||Sell||4,751||$26.84||$127,516.84|| |
|12/8/2014||Frank E Richardson III||Director||Sell||10,249||$27.62||$283,077.38|| |
|11/12/2014||Michelle E Britten||VP||Sell||1,570||$25.25||$39,642.50|| |
|11/5/2014||Robert M Rosenberg||Director||Sell||25,125||$25.30||$635,662.50|| |
|10/31/2014||Stephen C Vaughan||CFO||Sell||74,458||$25.21||$1,877,086.18|| |
|10/27/2014||Paige S Bass||SVP||Sell||61,802||$24.70||$1,526,509.40|| |
|9/4/2014||Robert M Rosenberg||Director||Sell||20,000||$21.56||$431,200.00|| |
|8/18/2014||Frank E Richardson III||Director||Sell||23,550||$22.07||$519,748.50|| |
|7/30/2014||Frank E Richardson III||Director||Sell||1,450||$21.50||$31,175.00|| |
|7/28/2014||Frank E Richardson III||Director||Sell||1,150||$21.50||$24,725.00|| |
|7/7/2014||Kate S Lavelle||Director||Sell||14,178||$22.37||$317,161.86|| |
|7/3/2014||Carolyn C Cummins||VP||Sell||1,000||$22.50||$22,500.00|| |
|6/9/2014||Frank E Richardson III||Director||Sell||50,000||$21.76||$1,088,000.00|| |
|4/14/2014||Pedro Claudia San||VP||Sell||7,042||$20.91||$147,248.22||11,360|| |
|3/31/2014||J Clifford Hudson||CEO||Sell||100,000||$22.64||$2,264,000.00||9,616|| |
|3/7/2014||Michelle Britten||VP||Sell||1,500||$20.53||$30,795.00||396|| |
|3/4/2014||Carolyn Cummins||VP||Sell||4,240||$20.00||$84,800.00||8,959|| |
|2/28/2014||Frank Richardson III||Director||Sell||6,667||$20.66||$137,740.22||1,616,145|| |
|2/26/2014||Michael Maples||Director||Sell||25,966||$19.75||$512,828.50||15,079|| |
|2/18/2014||Frank Richardson III||Director||Sell||90,400||$19.00||$1,717,600.00||1,616,145|| |
|2/12/2014||Omar Janjua||Insider||Sell||98,807||$17.89||$1,767,657.23||10,000|| |
|1/24/2014||Frank Richardson III||Director||Sell||9,600||$19.14||$183,744.00||1,706,545|| |
|1/23/2014||Robert Rosenberg||Director||Sell||35,000||$19.93||$697,550.00||88,397|| |
|1/22/2014||Stephen Vaughan||CFO||Sell||24,500||$20.17||$494,165.00||81,657|| |
|1/17/2014||Frank Richardson III||Director||Sell||7,355||$20.59||$151,439.45||1,716,145|| |
|1/16/2014||Douglas Benham||Director||Sell||21,764||$20.62||$448,773.68|| |
|1/10/2014||Michelle Britten||VP||Sell||4,181||$20.00||$83,620.00|| |
|1/10/2014||Robert Rosenberg||Director||Sell||10,125||$19.98||$202,297.50||117,475|| |
|12/18/2013||Federico Pena||Director||Sell||10,125||$20.56||$208,170.00||1,161|| |
|12/4/2013||Carolyn Cummins||VP||Sell||2,564||$20.52||$52,613.28||8,792|| |
|12/4/2013||Craig Jeffrey Miller||Insider||Sell||31,503||$20.44||$643,921.32|| |
|12/2/2013||Craig Jeffrey Miller||Insider||Sell||18,497||$19.92||$368,460.24|| |
|11/25/2013||Kate Lavelle||Director||Sell||5,014||$19.88||$99,678.32|| |
|11/21/2013||Michael Maples||Director||Sell||38,347||$19.78||$758,503.66||19,679|| |
|11/20/2013||Douglas Benham||Director||Sell||2,500||$19.40||$48,500.00||3,537|| |
|11/12/2013||Pedro Claudia San||VP||Sell||20,971||$19.10||$400,546.10||10,865|| |
|11/11/2013||Kathy Taylor||Director||Sell||52,204||$19.03||$993,442.12|| |
|11/5/2013||Douglas Benham||Director||Sell||66,034||$19.20||$1,267,852.80||6,037|| |
|10/25/2013||Paige S Bass||VP||Sell||44,306||$18.75||$830,737.50|| |
|9/23/2013||J Clifford Hudson||CEO||Sell||300,000||$18.44||$5,532,000.00||8,890|| |
|9/17/2013||Carolyn Cummins||VP||Sell||1,500||$18.29||$27,435.00||8,676|| |
|4/10/2013||W Scott Mclain||Insider||Sell||9,098||$12.51||$113,815.98|| |
|4/9/2013||Stephen C Vaughan||CFO||Sell||16,584||$12.38||$205,309.92|| |
|1/30/2013||Jeffrey Schutz||Director||Sell||21,065||$11.15||$234,874.75||14,525|| |
Sonic (NASDAQ SONC) News Headlines
Sonic (NASDAQ:SONC) SEC Filings
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Sonic (NASDAQ:SONC) Income Statement, Balance Sheet and Cash Flow Statement
Sonic (NASDAQ SONC) Stock Chart for Wednesday, January, 24, 2018