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.
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 Ratio34.70
Forward P/E Ratio29.36
P/E Growth1.49
Sales & Book Value
Annual Sales$477.27 million
Price / Sales3.29
Cash Flow$2.6927 per share
Price / Cash16.14
Book Value($4.75) per share
Price / Book-9.15
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$1.30 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 announced a quarterly dividend on Thursday, July 12th. Stockholders 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 1.47%. The ex-dividend date is Tuesday, August 7th. View Sonic's Dividend History.
How will Sonic's stock buyback program work?
Sonic announced that its board has authorized a stock buyback plan on Wednesday, August 8th 2018, which authorizes the company to repurchase $500,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to repurchase up to 40.5% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its shares are undervalued.
How were Sonic's earnings last quarter?
Sonic Co. (NASDAQ:SONC) issued 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 earned $118.30 million during the quarter, compared to analysts' expectations of $119.31 million. Sonic had a negative return on equity of 23.60% and a net margin of 16.87%. The company's revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 EPS. View Sonic's Earnings History.
When is Sonic's next earnings date?
What guidance has Sonic issued on next quarter's earnings?
Sonic updated its fourth quarter earnings guidance on Tuesday, September, 11th. The company provided earnings per share 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?
13 Wall Street analysts have issued twelve-month target prices for Sonic's shares. Their predictions range from $27.00 to $42.00. On average, they anticipate Sonic's share price to reach $33.6364 in the next twelve months. This suggests that the stock has a possible downside of 22.6%. View Analyst Price Targets 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, 9 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Sonic.
Who are some of Sonic's key competitors?
Some companies that are related to Sonic include Texas Roadhouse (TXRH), Cracker Barrel Old Country Store (CBRL), Dave & Buster's Entertainment (PLAY), Cheesecake Factory (CAKE), Main Street Capital (MAIN), Jack in the Box (JACK), Brinker International (EAT), Wingstop (WING), Bloomin' Brands (BLMN), Papa John's Int'l (PZZA), BJ's Restaurants (BJRI), Dine Brands Global (DIN), Arcos Dorados (ARCO), MITCHELLS &BUTLERS (MBPFF) and Ruth's Hospitality Group (RUTH).
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 shareholders include BlackRock Inc. (14.03%), Dimensional Fund Advisors LP (5.38%), Macquarie Group Ltd. (3.83%), Rothschild Asset Management Inc. (2.45%), Fenimore Asset Management Inc. (2.34%) and Bank of New York Mellon Corp (1.70%). 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 major investors are selling Sonic stock?
SONC stock was sold by a variety of institutional investors in the last quarter, including OppenheimerFunds Inc., Macquarie Group Ltd., Fenimore Asset Management Inc., Canada Pension Plan Investment Board, Paloma Partners Management Co, TD Asset Management Inc., California Public Employees Retirement System and Swiss National Bank. 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 major investors are buying Sonic stock?
SONC stock was bought by a variety of institutional investors in the last quarter, including WINTON GROUP Ltd, Renaissance Technologies LLC, Millennium Management LLC, Point72 Asset Management L.P., BlackRock Inc., Schwab Charles Investment Management Inc., Stephens Inc. AR and Catalyst Capital Advisors 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 $43.46.
How big of a company is Sonic?
Sonic has a market capitalization of $1.30 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?
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]com.
MarketBeat Community Rating for Sonic (NASDAQ SONC)
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.
