Sonic Corp. (SONC) Analysts See $0.16 EPS

March 22, 2018 - By Michael Collier

 Sonic Corp. (SONC) Analysts See $0.16 EPS
Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.21, from 0.94 in 2017Q2. It is positive, 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.
Public Employees Retirement Association Of Colorado, Colorado-based fund reported 12,578 shares. Citigroup Incorporated accumulated 1.25M shares. Jensen Investment Incorporated has invested 0.01% in Sonic Corp. (NASDAQ:SONC). Ubs Asset Mngmt Americas owns 417,367 shares. State Street Corp has 1.03M shares. Moreover, Us Financial Bank De has 0% invested in Sonic Corp. (NASDAQ:SONC) for 1,000 shares. Texas Permanent School Fund holds 0.01% of its portfolio in Sonic Corp. (NASDAQ:SONC) for 30,522 shares. Pnc Financial Services Group Inc owns 11,946 shares or 0% of their US portfolio. 382,172 were reported by Geode Mgmt Limited Liability Company. Highland L P owns 24,500 shares. Kornitzer Cap Management Ks holds 0.01% or 25,250 shares in its portfolio. Sg Americas Securities Ltd invested in 0% or 11,418 shares. 57,697 are owned by Great West Life Assurance Com Can. Teachers Retirement Of The State Of Kentucky invested in 0% or 12,425 shares. Louisiana State Employees Retirement Sys holds 0.02% of its portfolio in Sonic Corp. (NASDAQ:SONC) for 16,900 shares.

Since October 23, 2017, it had 0 insider buys, and 6 insider sales for $3.31 million activity. The insider RICHARDSON FRANK E III sold 50,000 shares worth $1.42 million.

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 $6.15 million giving it 39.97 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 1.11% or $0.28 during the last trading session, reaching $25.58. About 1.03 million shares traded or 22.66% up from the average. Sonic Corp. (NASDAQ:SONC) has declined 5.36% since March 22, 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 has $37.0 highest and $2 lowest target. $29.47’s average target is 15.21% above currents $25.58 stock price. Sonic had 45 analyst reports since August 25, 2015 according to SRatingsIntel. Guggenheim maintained the shares of SONC in report on Thursday, December 28 with “Buy” rating. UBS maintained the shares of SONC in report on Wednesday, March 30 with “Neutral” rating. Telsey Advisory Group initiated Sonic Corp. (NASDAQ:SONC) on Tuesday, September 29 with “Outperform” rating. As per Wednesday, September 7, the company rating was maintained by Telsey Advisory Group. Zacks upgraded it to “Hold” rating and $30 target in Tuesday, August 25 report. The firm has “Buy” rating given on Monday, September 21 by Longbow. Jefferies maintained the stock with “Hold” rating in Tuesday, June 13 report. Cowen & Co maintained Sonic Corp. (NASDAQ:SONC) rating on Friday, August 11. Cowen & Co has “Hold” rating and $2500 target. The firm has “Neutral” rating by Longbow given on Friday, December 2. The stock of Sonic Corp. (NASDAQ:SONC) has “Neutral” rating given on Tuesday, September 20 by UBS.

Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States. The company has market cap of $983.76 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 17.38 P/E ratio. It also leases real estate properties to franchisees.

More notable recent Sonic Corp. (NASDAQ:SONC) news were published by: Newsok.com which released: “Oklahoma City-based Sonic Corp.’s quarterly, annual results were mixed, but …” on October 18, 2017, also Nasdaq.com with their article: “Sonic Corp. (SONC) Ex-Dividend Date Scheduled for February 06, 2018” published on February 05, 2018, Seekingalpha.com published: “Sonic Corp’s (SONC) CEO Clifford Hudson on Q1 2018 Results – Earnings Call …” on January 05, 2018. More interesting news about Sonic Corp. (NASDAQ:SONC) were released by: Nytimes.com and their article: “The Delicate Dance of a Progressive CEO in the Trump Era” published on January 15, 2018 as well as Newsok.com‘s news article titled: “Sonic Corp. hosted a carhop competition at its downtown OKC headquarters” with publication date: September 14, 2017.

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