Zacks Investment Research downgraded Sonic Corporation (NASDAQ:SONC) to Sell in a statement released today.
- Updated: September 29, 2016
Zacks Investment Research has downgraded Sonic Corporation (NASDAQ:SONC) to Sell in a statement released on 9/30/2016.
On 9/28/2016, Barclays Capital released a statement for Sonic Corporation (NASDAQ:SONC) bumped down the target price from $30.00 to $25.00 that suggested a downside of -0.02%.
Boasting a price of $25.46, Sonic Corporation (NASDAQ:SONC) traded 0.08% higher on the day. With the last stock price close down -15.16% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Sonic Corporation has recorded a 50-day average of $27.56 and a two hundred day average of $30.01. Volume of trade was up over the average, with 1,771,762 shares of SONC changing hands over the typical 1,038,910
With a total market value of $0, Sonic Corporation has price-earnings ratio of 19.81 with a one year low of $22.87 and a one year high of $36.34 .
A total of 13 equity analysts have released a ratings update on SONC. Five equity analysts rating the company a strong buy, four equity analysts rating the company a buy, five equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $36.92.
Brief Synopsis About 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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