Analyst Ratings for Sonic Corp. (SONC)

Updated: 2017-07-27

Shares of Sonic Corp. (NASDAQ:SONC) have received a consensus rating of Hold from Wall Street analysts. Last month, SONC received an average rating of Hold.

Of the 17 analysts covering the stock, 5 gave it a buy rating, 0 gave an overweight rating, 10 gave a hold rating, 1 issued an underweight rating, and 1 issued a sell rating. Over the past 90 days, the number of analysts that are bullish on the stock has decreased by 1. Meanwhile, the number of analysts pessimistic about the company has increased by 1.

Many analysts weighed in on price targets for SONC. The most optimistic price target was 32, implying potential capital gains of 32.01 percent. The most pessimistic price target was 24, which equates to a potential downside of -0.99 percent. Some investors take price targets and stock ratings with a grain of salt, knowing that some analysts can have indirect business with the stocks they cover.

Analysts have revised their earnings estimates downwards for this quarter, by about -1.14 percent on average, compared to last month. That number becomes -5.48 percent if we expand the time horizon to include the past 3 months instead of just one. Over the past 30 days, FY earnings estimates have also changed upwards by 0 percent. Expanding the time horizon to 3 months, the average change in fiscal year estimates becomes -0.8 percent.

People are often interested in whether analysts were united in the direction of their revisions. 0 analysts have revised their quarterly estimates upwards in the past 30 days, while 1 analysts revised their estimates downwards. During this time, 0 analysts made positive revisions in their estimates for this fiscal year's earnings, while 2 analysts decreased their estimates.

SONC has an estimated earnings growth rate of -18.34 percent as forecasted by analysts. The PEG ratio of a stock is another value frequently studied by investors. Smaller PEG ratios are desirable, because that is often interpreted as the company being fairly priced relative to its growth rate. PEG ratios below 1 are often considered desirable, but many choose to perform ratio comparisons with other companies in the industry. The PEG ratio of SONC is -0.88.

SONC has a 52-week high of 30.05 and a 52-week low of 21.12. Currently the stock is 14.77 percent higher than its low, and 19.33 percent lower than its 52-week high. SONC has a price/earnings ratio of 16.16. Investors typically compare the P/E ratio to a company's peers in the industry. The SONC value stock report compares SONC to some of its peers using value stock charts. The market cap of SONC is $1.02 billion. SONC's next earnings release will be on 0000-00-00, which is days away.