A report released today by Barclays Capital about Sonic Corporation (NASDAQ:SONC) drops the target price to $25.00
- Updated: September 28, 2016
Having a price of $25.44, Sonic Corporation (NASDAQ:SONC) traded -7.67% lower on the day. The last stock price is down -15.77% from the 200-day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. SONC has recorded a 50-day average of $27.72 and a two hundred day average of $30.08. Trade Volume was up over the average, with 4,231,286 shares of SONC changing hands over the typical 958,606
In a report issued 09/28/2016 Barclays Capital dropped the price target of Sonic Corporation (NASDAQ:SONC) from $30.00 to $25.00 indicating a possible downside of -0.02%.
On Tuesday September 20, 2016, UBS Securities released a statement on Sonic Corporation (NASDAQ:SONC) reduced the target price from $33.00 to $28.00. At the time, this indicated a possible upside of 0.07%.
Recent Performance Chart
Sonic Corporation has a price-earnings ratio of 19.72 with a one year low of $22.72 and a one year high of $36.34 Sonic Corporation’s market capitalization is presently $0.
In addition to Barclays Capital reporting its target price, a total of 13 analysts have released a research note on the company. The average stock price target is $36.92 with five brokerages rating the company a strong buy, four equity analysts rating the company a buy, 5 firms rating the stock a hold, one analyst rating the company a underperform, and lastly zero equity analysts rating the stock a sell.
Brief Synopsis On Sonic Corporation (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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