Zacks Rating on Sonic (SONC)

Sonic (SONC) : 6 brokerage houses believe that Sonic (SONC) is a Strong Buy at current levels. 4 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Sonic (SONC). Zacks Investment Research suggests a Sell with a rank of 4. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 11 Wall Street Analysts endorse the stock as a Buy with a rating of 2.09.

Sonic (SONC) : The most positive equity analysts on Sonic (SONC) expects the shares to touch $42, whereas, the least positive believes that the stock will trade at $30 in the short term. The company is covered by 10 Wall Street Brokerage Firms. The average price target for shares are $34.9 with an expected fluctuation of $3.73 from the mean.


Sonic Corp. has dropped 0.1% in the last five trading days, however, the shares have posted positive gains of 5.44% in the last 4 weeks. Sonic Corp. has dropped 0.62% during the last 3-month period . Year-to-Date the stock performance stands at -8.35%. Sonic (NASDAQ:SONC): stock turned positive on Tuesday. Though the stock opened at $28.88, the bulls momentum made the stock top out at $29.42 level for the day. The stock recorded a low of $28.7 and closed the trading day at $29.28, in the green by 2.31%. The total traded volume for the day was 726,979. The stock had closed at $28.62 in the previous days trading.

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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