News articles about Sonic Drive-In (NASDAQ:SONC) have been trending somewhat positive on Sunday, according to Accern Sentiment Analysis. The research group ranks the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sonic Drive-In earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned news headlines about the restaurant operator an impact score of 45.6045676487418 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Here are some of the news headlines that may have impacted Accern Sentiment’s analysis:
NASDAQ SONC traded up $0.04 during midday trading on Friday, hitting $26.23. The company had a trading volume of 878,949 shares, compared to its average volume of 891,812. The stock has a market capitalization of $974.58, a PE ratio of 20.98, a P/E/G ratio of 1.22 and a beta of 1.47. The company has a debt-to-equity ratio of -2.85, a current ratio of 2.51 and a quick ratio of 1.81. Sonic Drive-In has a twelve month low of $22.11 and a twelve month high of $30.05.
Sonic Drive-In (NASDAQ:SONC) last posted its quarterly earnings results on Tuesday, March 27th. The restaurant operator reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.15 by $0.02. Sonic Drive-In had a negative return on equity of 25.75% and a net margin of 16.01%. The company had revenue of $88.10 million during the quarter, compared to analysts’ expectations of $94.34 million. During the same quarter in the previous year, the firm earned $0.15 EPS. Sonic Drive-In’s revenue was down 12.1% on a year-over-year basis. equities analysts expect that Sonic Drive-In will post 1.47 EPS for the current year.
Several analysts recently issued reports on the company. Zacks Investment Research upgraded Sonic Drive-In from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research note on Wednesday, January 10th. Oppenheimer downgraded Sonic Drive-In from an “outperform” rating to a “market perform” rating and set a $29.00 price target for the company. in a research note on Thursday, January 4th. Cowen restated a “hold” rating and issued a $29.00 price target on shares of Sonic Drive-In in a research note on Tuesday, January 9th. UBS restated a “neutral” rating and issued a $28.00 price target (up from $26.00) on shares of Sonic Drive-In in a research note on Friday, January 5th. Finally, BidaskClub raised Sonic Drive-In from a “sell” rating to a “hold” rating in a report on Tuesday, March 20th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $28.67.
In other news, Director Federico F. Pena sold 9,686 shares of the business’s stock in a transaction on 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Federico F. Pena sold 4,575 shares of the business’s stock in a transaction on Wednesday, January 17th. The stock was 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. 6.24% of the stock is currently owned by insiders.
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Sonic Drive-In Company Profile
Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States. As of August 31, 2017, the company operated 3,593 Sonic Drive-Ins in 45 states, of which 228 were owned and operated by the company and 3,365 were owned and operated by franchisees. The company also owns and leases 135 properties; and sublease 53 properties to franchisees and other parties.
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