Short Term Rating on Sonic (SONC)

Sonic (SONC) : The consensus on Sonic (SONC) based on 11 analyst recommendation on the company stock is 2.09, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 4 which endorses a Sell on the stock. However, 6 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.

Sonic (SONC) : 10 investment research analysts covering Sonic (SONC) have an average price target of $34.9 for the near short term. The highest target price given by the Brokerage Firm to the stock is $42 and the lowest target is $30 for the short term. Analysts expect the variance to be within $3.73 of the average price.

For the current week, the company shares have a recommendation consensus of Buy.


Sonic (NASDAQ:SONC): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.75 and $28.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $29.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.73, notching a gain of 0.60% for the day. The total traded volume was 1,124,035 . The stock had closed at $28.56 on the previous day.

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.

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