Analysts See $0.16 EPS for Sonic Corp. (SONC)

March 19, 2018 - By Maria Brooks

 Analysts See $0.16 EPS for Sonic Corp. (SONC)
Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.21, from 0.94 in 2017Q2. It increased, as 25 investors sold Sonic Corp. shares while 42 reduced holdings. 26 funds opened positions while 51 raised stakes. 46.56 million shares or 2.67% less from 47.84 million shares in 2017Q2 were reported.
Geode Cap Ltd Company holds 0% of its portfolio in Sonic Corp. (NASDAQ:SONC) for 382,172 shares. Principal Financial Gru Inc holds 315,299 shares. New York-based Millennium Ltd Liability Com has invested 0.01% in Sonic Corp. (NASDAQ:SONC). Rothschild Asset owns 929,563 shares or 0.26% of their US portfolio. Riverhead Capital accumulated 5,324 shares or 0.01% of the stock. Gp holds 0% of its portfolio in Sonic Corp. (NASDAQ:SONC) for 32,636 shares. Mason Street Advisors stated it has 0.01% in Sonic Corp. (NASDAQ:SONC). Ubs Asset Americas holds 417,367 shares or 0.01% of its portfolio. Dimensional Fund Ltd Partnership reported 1.96M shares or 0.02% of all its holdings. Winch Advisory Limited Liability Corp accumulated 10 shares. Jefferies Grp reported 0.01% in Sonic Corp. (NASDAQ:SONC). Next Fin Group has 0% invested in Sonic Corp. (NASDAQ:SONC). Invesco Limited stated it has 0% of its portfolio in Sonic Corp. (NASDAQ:SONC). New York-based Jpmorgan Chase And has invested 0% in Sonic Corp. (NASDAQ:SONC). California Pub Employees Retirement Systems accumulated 114,222 shares.

Since October 23, 2017, it had 0 buys, and 6 insider sales for $3.31 million activity. PENA FEDERICO F had sold 1,161 shares worth $29,257 on Monday, October 23.

Analysts expect Sonic Corp. (NASDAQ:SONC) to report $0.16 EPS on March, 27 after the close.They anticipate $0.01 EPS change or 6.67 % from last quarter’s $0.15 EPS. SONC’s profit would be $6.15M giving it 38.66 P/E if the $0.16 EPS is correct. After having $0.30 EPS previously, Sonic Corp.’s analysts see -46.67 % EPS growth. The stock increased 0.69% or $0.17 during the last trading session, reaching $24.74. About 1.07M shares traded or 27.54% up from the average. Sonic Corp. (NASDAQ:SONC) has declined 5.36% since March 19, 2017 and is downtrending. It has underperformed by 22.06% the S&P500.

Sonic Corp. (NASDAQ:SONC) Ratings Coverage

Among 16 analysts covering Sonic (NASDAQ:SONC), 5 have Buy rating, 2 Sell and 9 Hold. Therefore 31% are positive. Sonic had 44 analyst reports since August 25, 2015 according to SRatingsIntel. The company was maintained on Wednesday, March 30 by UBS. The company was maintained on Friday, June 23 by Oppenheimer. The firm earned “Outperform” rating on Wednesday, September 7 by Telsey Advisory Group. Jefferies maintained the stock with “Hold” rating in Tuesday, October 10 report. As per Tuesday, January 16, the company rating was maintained by Barclays Capital. Deutsche Bank maintained Sonic Corp. (NASDAQ:SONC) on Wednesday, March 30 with “Hold” rating. The firm earned “Buy” rating on Monday, September 18 by Citigroup. The rating was maintained by Deutsche Bank on Tuesday, October 25 with “Hold”. The stock of Sonic Corp. (NASDAQ:SONC) has “Hold” rating given on Thursday, January 4 by Oppenheimer. The company was maintained on Wednesday, January 6 by Telsey Advisory Group.

Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States. The company has market cap of $951.45 million. As of August 31, 2016, the firm operated 3,557 Sonic Drive-Ins in 45 states, of which 345 were owned and operated by the firm and 3,212 were owned and operated by franchisees. It has a 16.81 P/E ratio. It also leases real estate properties to franchisees.

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