News articles about Sonic (NASDAQ:SONC) have trended somewhat positive on Monday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sonic earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned media headlines about the restaurant operator an impact score of 45.2104886407033 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s scoring:
- Wells Fargo Lowers Sonic (SONC) Price Target to $27.00 (americanbankingnews.com)
- $0.16 EPS Expected for Sonic Co. (SONC) This Quarter (americanbankingnews.com)
- Sonic (SONC) Downgraded by Zacks Investment Research (americanbankingnews.com)
- This is where you can get the pickle juice slush from Sonic, if you can stand it (msn.com)
- Sega teases a new Sonic racing game (venturebeat.com)
SONC has been the subject of several analyst reports. Guggenheim restated a “buy” rating and set a $31.00 price target (up from $29.00) on shares of Sonic in a report on Thursday, December 28th. Oppenheimer downgraded Sonic from an “outperform” rating to a “market perform” rating and set a $29.00 price objective for the company. in a report on Thursday, January 4th. BidaskClub downgraded Sonic from a “hold” rating to a “sell” rating in a report on Saturday, January 13th. UBS downgraded Sonic from an “outperform” rating to a “market perform” rating in a report on Thursday, January 4th. Finally, Cowen reiterated a “hold” rating and issued a $29.00 price objective on shares of Sonic in a report on Tuesday, January 9th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. Sonic currently has a consensus rating of “Hold” and a consensus target price of $29.21.
Sonic (NASDAQ:SONC) last released its quarterly earnings results on Thursday, January 4th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.05. The business had revenue of $105.40 million during the quarter, compared to the consensus estimate of $106.86 million. Sonic had a negative return on equity of 28.95% and a net margin of 13.68%. The business’s quarterly revenue was down 18.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.24 EPS. equities research analysts forecast that Sonic will post 1.53 EPS for the current fiscal year.
In other Sonic news, Director Federico F. Pena sold 9,686 shares of the business’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $24.61, for a total transaction of $238,372.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Federico F. Pena sold 4,575 shares of the business’s stock in a transaction dated Wednesday, January 17th. The shares were sold at an average price of $25.99, for a total value of $118,904.25. The disclosure for this sale can be found here. Insiders own 8.28% of the company’s stock.
Sonic Corp. operates and franchises the chain of drive-thru restaurants (Sonic Drive-Ins) in the United States. As of August 31, 2016, 3,557 Sonic Drive-Ins were in operation from coast to coast in 45 states, consisting of 345 Company drive-thrus and 3,212 franchise drive-thrus. As of August 31, 2016, its restaurant design and construction consisted of a kitchen housed in a one-story building, which was approximately 1,500 square feet, flanked by canopy-covered rows of 16 to 24 parking spaces, with each space having its own payment terminal, intercom speaker system and menu board.
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