A report released today by Barclays about Sonic (NASDAQ:SONC) bumps down the target price to $25.00
- Updated: September 28, 2016
Showing a price of $27.44, Sonic (NASDAQ:SONC) traded -7.67% lower on the day. With the last stock price close down -15.77% from the two hundred day moving average, compared to the S&P 500 which has decreased -0.01% over the same time period. Sonic has recorded a 50-day average of $27.72 and a 200-day moving average of $30.08. 4,231,286 shares of SONC traded hands, up from an avg. volume of 958,606
Sonic (NASDAQ:SONC) had its target price dropped to $25.00 by Barclays in a report issued 9/28/2016. The dropped price target implies a possible downside of -0.09% from the company's previous close.
Previously on 9/20/2016, UBS Securities reported about Sonic (NASDAQ:SONC) bumped down the target price from $33.00 to $28.00. At the time, this suggested an upside of 0.07%.
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Sonic has a PE ratio of 19.72 with a one year low of $22.72 and a one year high of $36.34 Sonic’s market capitalization is currently $0.
A total of 13 analysts have released a report on the company. 5 brokerages rating the stock a strong buy, 4 brokers rating the stock a buy, five equity analysts rating the company a hold, one analyst rating the company a underperform, and finally 0 brokers rating the stock a sell with a one year target of $36.92.
About Sonic (NASDAQ:SONC)
Sonic Corp. operates and franchises a chain of drive-in restaurants in the United States. The Company has around 3,512 Sonic Drive-Ins in 44 states of the United States. The Company's product categories include Burgers, Coneys and Hot Dogs, Chicken, Breakfast, Snacks and Sides, Drinks, Ice Cream, and Wacky Pack. The Company's products include SONIC Cheeseburger, SuperSONIC Double Cheeseburger, Chili Cheese Coney, Chicago Dog, Garlic Parmesan Boneless Wings, Buffalo Boneless Wings, BREAKFAST TOASTER, SuperSONIC Breakfast Burrito, Natural-Cut Fries, Onion Rings, Minute Maid Cranberry Juice Slush, DR PEPPER, SONIC Energy Zero Calorie, OREO & Cake Shake, Banana Split Master Blast, and Waffle Cone Sundae with Chocolate & Reeses Cups, among others. The Company offers Wacky Pack for kids. The Company also offers SONIC Wacky application, which is available on Google Play and iTunes App Store.
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