SONC - Sonic Corp.

Discussion in 'Stock Message Boards NYSE, NASDAQ, AMEX' started by anotherdevilsadvocate, May 15, 2016.

  1. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    [​IMG]
    Sonic Corp.
    Services | Restaurants | USA
    Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States. As of August 31, 2015, the company operated 3,526 Sonic Drive-Ins in 44 states, which included 387 company drive-ins and 3,139 franchise drive-ins. It also leases real estate properties. The company was founded in 1953 and is headquartered in Oklahoma City, Oklahoma.
     
  2. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    Back-filled the earnings gap, but looks like its set to bounce back up. Harami formed after RSI hit 30.
    [​IMG]
    Price and 50 sma still above the 200 sma. Restaurant stocks may be getting stronger (JACK, YUM, MCD I guess).
     
  3. T0rm3nted

    T0rm3nted Moderator
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    Reported after close today (6/23/16)
    Earnings: EPS $0.43 Revenue $165.24M
    Estimates: EPS $0.42 Revenue $166.16M

    Down 6% after hours so far
     
  4. T0rm3nted

    T0rm3nted Moderator
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    Reported after close today (10/24/16)
    Earnings: EPS $0.45 Revenue $162.1M
    Estimates: EPS $0.44 Revenue $167.15M

    Down 11.29% after hours
     
  5. Stockaholic

    Stockaholic Content Manager

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    -20% off the open here

    [​IMG]
     
  6. Tiptopptrader

    Tiptopptrader Well-Known Member

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  7. T0rm3nted

    T0rm3nted Moderator
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    Analyst Upgrade/Downgrade Update

    Brokerage firm:
    Telsey Advisory Group
    Change: Downgrade
    Previous Rating: Outperform
    Current Rating: Market Perform
    Previous Price Target: $36
    Current Price Target: $27
     
  8. T0rm3nted

    T0rm3nted Moderator
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    Analyst Upgrade/Downgrade Update

    Brokerage firm:
    Deutsche Bank
    Change: Coverage Reiterated/Price Target Changed
    Previous Rating: N/A
    Current Rating: Hold
    Previous Price Target: $27
    Current Price Target: $25

    Analyst Upgrade/Downgrade Update

    Brokerage firm:
    Canaccord Genuity
    Change: Coverage Reiterated/Price Target Changed
    Previous Rating: N/A
    Current Rating: Buy
    Previous Price Target: $32
    Current Price Target: $30
     
  9. T0rm3nted

    T0rm3nted Moderator
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    Upcoming dividend information:

    Ex-Div-Date
    : 11/7/16
    Payment Date: 11/18/16
    Dividend: $0.14
    Current Price: $26.49
    Annual Yield: 1.66%
     
  10. fidelgeorge

    fidelgeorge Well-Known Member

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    Sonic ($SONC) reported second quarter earnings that came in slightly above estimates, although the restaurant chain’s revenues came in below expectations.
     
  11. anotherdevilsadvocate

    anotherdevilsadvocate Well-Known Member

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    What a volatile day after ER. Opened -5%, then went +14% from there; finished the day +4.8%. Raising the dividend and 22% of the float is short.

    Weekly chart:
    [​IMG]
     
    Onepoint272 and T0rm3nted like this.
  12. T0rm3nted

    T0rm3nted Moderator
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    Nice find. I like that support at $22.50-$23ish. Wish I would have seen this earlier. Short squeeze could take this back up to $35 in the coming months, which would be quite the gainer.
     
  13. KyleLennon

    KyleLennon Member

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    Sonic remains a buyback play. The company is focused on returning capital to shareholders; it pays a decent dividend but also buys back a ton of stock.
     

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