Jefferies Group reiterated their hold rating on shares of Sonic Corp. (NASDAQ:SONC) in a research report released on Friday morning, American Banking News reports. Jefferies Group currently has a $18.00 price objective on the stock, up from their previous price objective of $15.50.
“SONC pre-announced F4Q EPS $0.30 vs. our/cons $0.28 as SSS +5.9% beat 2% consensus. F14 EPS outlook is essentially in-line with consensus (+14-15%), but stock rallying on stronger SSS & the hope that initial F14 EPS guide is conservative. We think modest EPS upside is possible, but stock fairly reflects improving visibility for positive SSS & double digit EPS growth.,” Jefferies Group’s analyst commented.
Shares of Sonic Corp. (NASDAQ:SONC) traded up 1.12% on Friday, hitting $18.505. 179,163 shares of the company’s stock traded hands. Sonic Corp. has a 1-year low of $9.06 and a 1-year high of $18.39. The stock’s 50-day moving average is $16.33 and its 200-day moving average is $14.13. The company has a market cap of $1.034 billion and a price-to-earnings ratio of 27.11.
A number of other analysts have also recently weighed in on SONC. Analysts at Wunderlich initiated coverage on shares of Sonic Corp. (NASDAQ:SONC) in a research note to investors on Friday, September 6th. They set a buy rating and a $19.00 price target on the stock. Separately, analysts at Thomson Reuters/Verus downgraded shares of Sonic Corp. (NASDAQ:SONC) from a buy rating to a hold rating in a research note to investors on Monday, August 26th. Finally, analysts at Stifel Nicolaus initiated coverage on shares of Sonic Corp. (NASDAQ:SONC) in a research note to investors on Tuesday, July 16th. They set a hold rating on the stock.
One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of $16.11.
Sonic Corp. (NASDAQ:SONC) operates and franchises chain of drive-in restaurants (Sonic Drive-Ins) in the United States.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.