Sonic (NASDAQ:SONC) has received a short term rating of hold from experts at Zacks with a rank of 3. The stock has been rated an average of 2 by 12 Brokerage Firm. 7 Wall Street Firms have rated the stock as a strong buys. 4 Brokerage Firms have advised hold. 1 Analysts have rated it as strong sell.
Other Equity analysts have also commented on the company shares. Equity Analysts at the Deutsche Bank maintains the rating on Sonic (NASDAQ:SONC). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency raises the price target from $32 per share to $35 per share. The rating by the firm was issued on March 30, 2016.
Sonic (NASDAQ:SONC): 11 Analyst have given the stock of Sonic (NASDAQ:SONC) a near short term price target of $36.09. The standard deviation reading, which is a measure by which the stock price is expected to swing away from the mean estimate, is at $3.24. The higher price target estimate is at $42 while the lower price estimates are fixed at $33.
Sonic (NASDAQ:SONC) witnessed a decline in the market cap on Tuesday as its shares dropped 0.92% or 0.27 points. After the session commenced at $29.42, the stock reached the higher end at $29.4956 while it hit a low of $28.88. With the volume soaring to 1,000,086 shares, the last trade was called at $29.12. The company has a 52-week high of $36.34. The company has a market cap of $1,414 million and there are 48,552,214 shares in outstanding. The 52-week low of the share price is $22.72.
Sonic Corp. has lost 0.48% in the last five trading days and dropped 1.22% in the last 4 weeks. Sonic Corp. has dropped 8.18% during the last 3-month period . Year-to-Date the stock performance stands at -9.21%.
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.