Sonic (SONC) has an average broker rating of 2.09, which is interpreted as a Buy, as rated by 11 equity analysts. Nonetheless, 6 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 brokerage firm advices Strong Sell on the share due to lack of confidence about the future of the company.
Sonic (SONC) : The highest level Sonic (SONC) is projected to reach is $42 for the short term and the lowest estimate is at $30. The consolidated price target from 10 rating analysts who initiate coverage on the stock is $34.8 and the possibility the share price can swing is $3.68.
Also, Canaccord Genuity initiates coverage on Sonic (NASDAQ:SONC). The shares have now been rated Buy by the stock experts at the ratings house. The rating by the firm was issued on August 22, 2016.
Sonic (NASDAQ:SONC): After opening at $26.17, the stock dipped to an intraday low of $26 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $26.35 and the buying power remained strong till the end. The stock closed at $26.24 for the day, a gain of 0.31% for the day session. The total traded volume was 800,573. The stocks close on the previous trading day was $26.16.
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 Companys product categories include Burgers, Coneys and Hot Dogs, Chicken, Breakfast, Snacks and Sides, Drinks, Ice Cream, and Wacky Pack. The Companys 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.