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

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

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.

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.

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

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.

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.

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."

Some companies that are related to Sonic include Texas Roadhouse (TXRH), Cracker Barrel Old Country Store (CBRL), Cheesecake Factory (CAKE), Jack in the Box (JACK), Main Street Capital (MAIN), Brinker International (EAT), Bloomin' Brands (BLMN), Dave & Buster's Entertainment (PLAY), Papa John's Int'l (PZZA), Wingstop (WING), Arcos Dorados (ARCO), MITCHELLS &BUTLERS (MBPFF), BJ's Restaurants (BJRI), Dine Brands Global (DIN) and Denny's (DENN).

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.

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.

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.

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.

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 $36.78.

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.

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]