$0.49 EPS Expected for Sonic Corp. (SONC)

June 14, 2018 - By Michael Collier

Sonic Corp. (NASDAQ:SONC) LogoInvestors sentiment decreased to 0.72 in 2018 Q1. Its down 0.16, from 0.88 in 2017Q4. It turned negative, as 28 investors sold Sonic Corp. shares while 58 reduced holdings. 23 funds opened positions while 39 raised stakes. 40.44 million shares or 7.62% less from 43.78 million shares in 2017Q4 were reported.
1.02 million are held by State Street. Thrivent For Lutherans invested in 26,070 shares. Ellington Mngmt Grp Inc Ltd invested in 27,900 shares. Manufacturers Life Insur The reported 27,924 shares stake. 11,682 were reported by Raymond James Financial Service Advisors. 77,844 are owned by Laurion Management Lp. Citigroup owns 1.05 million shares. Pnc Services Group Inc Inc holds 979 shares or 0% of its portfolio. Kornitzer Cap Mgmt Ks owns 31,850 shares. Moreover, Price T Rowe Associates Md has 0.02% invested in Sonic Corp. (NASDAQ:SONC) for 4.82 million shares. Gsa Prns Llp has 0.02% invested in Sonic Corp. (NASDAQ:SONC) for 11,401 shares. Captrust Fincl holds 0% of its portfolio in Sonic Corp. (NASDAQ:SONC) for 221 shares. Sei Company accumulated 166,523 shares. State Board Of Administration Of Florida Retirement Systems invested in 40,099 shares. Glenmede Na holds 0% of its portfolio in Sonic Corp. (NASDAQ:SONC) for 4,634 shares.

Since December 18, 2017, it had 0 buys, and 3 selling transactions for $580,464 activity. The insider PENA FEDERICO F sold $238,372.

Analysts expect Sonic Corp. (NASDAQ:SONC) to report $0.49 EPS on June, 26 after the close.They anticipate $0.06 EPS change or 13.95 % from last quarter’s $0.43 EPS. SONC’s profit would be $18.21M giving it 17.16 P/E if the $0.49 EPS is correct. After having $0.17 EPS previously, Sonic Corp.’s analysts see 188.24 % EPS growth. The stock increased 3.13% or $1.02 during the last trading session, reaching $33.63. About 1.13 million shares traded or 32.81% up from the average. Sonic Corp. (NASDAQ:SONC) has declined 16.30% since June 14, 2017 and is downtrending. It has underperformed by 28.87% the S&P500.

Sonic Corp. (NASDAQ:SONC) Ratings Coverage

Among 8 analysts covering Sonic (NASDAQ:SONC), 1 have Buy rating, 1 Sell and 6 Hold. Therefore 13% are positive. Sonic has $31.0 highest and $25 lowest target. $27.71’s average target is -17.60% below currents $33.63 stock price. Sonic had 12 analyst reports since December 22, 2017 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Underweight” on Wednesday, March 28. As per Monday, March 19, the company rating was maintained by Wells Fargo. On Wednesday, March 28 the stock rating was maintained by Cowen & Co with “Market Perform”. Jefferies maintained it with “Hold” rating and $2800 target in Wednesday, March 28 report. As per Thursday, December 28, the company rating was maintained by Guggenheim. The rating was maintained by Barclays Capital on Tuesday, January 16 with “Sell”. Jefferies maintained the shares of SONC in report on Friday, December 22 with “Hold” rating. The firm earned “Hold” rating on Thursday, June 7 by Oppenheimer. The stock has “Equal-Weight” rating by Morgan Stanley on Monday, March 26. The rating was maintained by Canaccord Genuity with “Hold” on Wednesday, March 28.

Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States. The company has market cap of $1.25 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 19.45 P/E ratio. It also leases real estate properties to franchisees.

More important recent Sonic Corp. (NASDAQ:SONC) news were published by: Seekingalpha.com which released: “Sonic boosts buybacks amid asset-light model” on June 07, 2018, also Nasdaq.com published article titled: “Sonic Pickle Juice Slush Is Now a Thing”, Streetinsider.com published: “UPDATE: Sonic (SONC) PT Raised to $43 at Piper Jaffray” on June 11, 2018. More interesting news about Sonic Corp. (NASDAQ:SONC) was released by: Nasdaq.com and their article: “Why Camping World Holdings, Axovant Sciences, and Sonic Jumped Today” with publication date: June 07, 2018.

Sonic Corp. (NASDAQ:SONC) Institutional Positions Chart

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