Are Analysts Bearish Sonic Corp. (NASDAQ:SONC) After Last Week?

January 16, 2018 - By Winifred Garcia

 Are Analysts Bearish Sonic Corp. (NASDAQ:SONC) After Last Week?
Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.21, from 0.94 in 2017Q2. It improved, as 25 investors sold Sonic Corp. shares while 42 reduced holdings. 26 funds opened positions while 51 raised stakes. 46.56 million shares or 2.67% less from 47.84 million shares in 2017Q2 were reported.
Malaga Cove Cap Ltd Liability Com reported 42,650 shares. Manufacturers Life Co The reported 31,272 shares or 0% of all its holdings. Moreover, Legal & General Grp Public Limited Co has 0% invested in Sonic Corp. (NASDAQ:SONC) for 87,158 shares. First Trust Lp holds 0% or 25,313 shares in its portfolio. Atlanta Cap L L C reported 301,827 shares. Next Financial Group invested in 0% or 661 shares. Ls Invest Advsrs Llc reported 0% stake. Piedmont Investment Advisors Ltd Liability invested 0% of its portfolio in Sonic Corp. (NASDAQ:SONC). Millennium Mgmt Ltd Liability Co holds 185,631 shares. Cwm holds 281 shares or 0% of its portfolio. State Of Alaska Department Of Revenue, Alaska-based fund reported 8,398 shares. Metropolitan Life Insur Commerce New York reported 28,763 shares or 0% of all its holdings. Amer Interest Gru has 0% invested in Sonic Corp. (NASDAQ:SONC) for 32,636 shares. Great Lakes Advisors Limited Liability holds 217,553 shares or 0.13% of its portfolio. Glenmede Na stated it has 0% of its portfolio in Sonic Corp. (NASDAQ:SONC).

Since October 23, 2017, it had 0 insider purchases, and 4 insider sales for $2.83 million activity. $29,257 worth of Sonic Corp. (NASDAQ:SONC) shares were sold by PENA FEDERICO F.

Sonic Corp. (NASDAQ:SONC) Ratings Coverage

Among 16 analysts covering Sonic (NASDAQ:SONC), 5 have Buy rating, 2 Sell and 9 Hold. Therefore 31% are positive. Sonic had 43 analyst reports since August 25, 2015 according to SRatingsIntel. The stock of Sonic Corp. (NASDAQ:SONC) earned “Hold” rating by Deutsche Bank on Wednesday, March 30. Telsey Advisory Group maintained Sonic Corp. (NASDAQ:SONC) rating on Wednesday, September 7. Telsey Advisory Group has “Outperform” rating and $36 target. The stock of Sonic Corp. (NASDAQ:SONC) earned “Outperform” rating by Telsey Advisory Group on Wednesday, January 6. The stock of Sonic Corp. (NASDAQ:SONC) earned “Buy” rating by Bank of America on Friday, June 24. The company was downgraded on Tuesday, June 13 by Bank of America. The rating was maintained by Piper Jaffray with “Buy” on Monday, July 24. The firm has “Buy” rating given on Thursday, December 28 by Guggenheim. UBS maintained Sonic Corp. (NASDAQ:SONC) on Tuesday, September 20 with “Neutral” rating. Jefferies maintained Sonic Corp. (NASDAQ:SONC) rating on Tuesday, June 13. Jefferies has “Hold” rating and $2600 target. Barclays Capital maintained Sonic Corp. (NASDAQ:SONC) rating on Friday, June 24. Barclays Capital has “Underweight” rating and $30 target. Below is a list of Sonic Corp. (NASDAQ:SONC) latest ratings and price target changes.

05/01/2018 Broker: Barclays Capital Rating: Sell New Target: $27.0
04/01/2018 Broker: Oppenheimer Rating: Hold Downgrade
28/12/2017 Broker: Guggenheim Rating: Buy New Target: $31.0 Maintain
22/12/2017 Broker: Jefferies Rating: Hold New Target: $31.0 Maintain
17/10/2017 Broker: Canaccord Genuity Rating: Hold New Target: $25.0 Maintain
16/10/2017 Broker: Cowen & Co Rating: Hold New Target: $25.0 Maintain
10/10/2017 Broker: Jefferies Rating: Hold New Target: $26.0 Maintain
18/09/2017 Broker: Citigroup Rating: Buy New Target: $28.0 Initiate
11/08/2017 Broker: Cowen & Co Rating: Hold New Target: $25.0000 Maintain
24/07/2017 Broker: Piper Jaffray Rating: Buy New Target: $32.0000 Maintain

The stock decreased 1.33% or $0.35 during the last trading session, reaching $25.99. About 412,213 shares traded. Sonic Corp. (NASDAQ:SONC) has declined 5.36% since January 16, 2017 and is downtrending. It has underperformed by 22.06% the S&P500.

Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States. The company has market cap of $1.02 billion. As of August 31, 2016, the firm operated 3,557 Sonic Drive-Ins in 45 states, of which 345 were owned and operated by the firm and 3,212 were owned and operated by franchisees. It has a 17.66 P/E ratio. It also leases real estate properties to franchisees.

More notable recent Sonic Corp. (NASDAQ:SONC) news were published by: Fool.com which released: “Why Sonic Corp. Stock Slipped 13% in May” on June 08, 2016, also Newsok.com with their article: “Sonic offers customers fraud protection service” published on October 05, 2017, Newsok.com published: “Sonic Corp. hosted a carhop competition at its downtown OKC headquarters” on September 14, 2017. More interesting news about Sonic Corp. (NASDAQ:SONC) were released by: Bizjournals.com and their article: “Sonic Drive-In is heating up a big Bay Area expansion” published on July 07, 2015 as well as Fool.com‘s news article titled: “Why Sonic Corporation Stock Is Getting a Lift Today” with publication date: March 29, 2017.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.