Sonic (SONC) : 6 brokerage houses believe that Sonic (SONC) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Sonic (SONC). Zacks Investment Research suggests a Sell with a rank of 4. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 11 Wall Street Analysts endorse the stock as a Buy with a rating of 2.09.
Sonic (SONC) : The highest short term price target forecast on Sonic (SONC) is $42 and the lowest target price is $30. A total of 10 equity analysts are currently covering the company. The average price of all the analysts is $34.9 with a standard deviation of $3.73.
For the current week, the company shares have a recommendation consensus of Buy. Sonic (NASDAQ:SONC): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.52 and $28.33 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.92. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.83, notching a gain of 1.73% for the day. The total traded volume was 749,296 . The stock had closed at $28.34 on the previous day.
In a related news, The Securities and Exchange Commission has divulged that Miller Craig Jeffrey, officer (Former Officer of Subsidiary) of Sonic Corp, had unloaded 25,394 shares at an average price of $30 in a transaction dated on May 27, 2016. The total value of the transaction was worth $761,820.
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.