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Sonic (NASDAQ:SONC) stock price target reduced to $28.00, reported today by UBS

Indicating a possible upside of 0.07%, UBS dropped the target stock price of Sonic (NASDAQ:SONC) to $28.

Previously on 9/7/2016, Telsey Advisory Group reported about Sonic(NASDAQ:SONC) dropped the target price from $38.00 to $36.00. At the time, this suggested an upside of 0.35%.

Only yesterday Sonic (NASDAQ:SONC) traded 1.41% lower at $26.25. Sonic’s 50-day average is $27.80 and its two hundred day moving average is $30.24. With the last stock price close down 14.43% from the 200-day average, compared to the S&P 500 which has fallen -0.01% over the same period. 559,773 shares of SONC exchanged hands, down from ann avg. volume of 1,095,760.

Recent Performance Graph:


Sonic has a price-earnings of 20 with a one-year low of $22.72 and a one-year high of $36.34. Sonic’s market capitalization is currently $0.0.

In addition to UBS reporting its stock price target, a total of 13 firms have released a ratings update on Sonic. The 12-month target price is $36.92 with five analysts rating the company a strong buy, four firms rating the company a buy, five firms rating the stock a hold, one firm rating the company to underperform, and finally 0 brokeragesrating the stock as sell.

Brief Synopsis 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, and which is available on Google Play and iTunes App Store.

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