Sonic Corp. (SONC) news stock charts
Sonic Corp. (SONC) Investment Summary:
Sonic Corp. (the “Company”) operates and franchises the largest chain of drive-in restaurants (“Sonic Drive-Ins”) in the United States. As of August 31, 2007, the Company had 3,343 Sonic Drive-Ins in operation from coast to coast, consisting of 654 Partner Drive-Ins and 2,689 Franchise Drive-Ins. We own a majority interest, typically at least 60%, and the supervisor and manager of the drive-in own a minority interest in each Partner Drive-In. Franchise Drive-Ins are owned and operated by our franchisees. At a typical Sonic Drive-In, a customer drives into one of 24 to 36 covered drive-in spaces, orders through an intercom speaker system, and has the food delivered by a carhop within an average of four minutes. Many Sonic Drive-Ins also include a drive-through lane and patio seating. Our objective is to maintain our position as, or to become, a leading operator within each of our core and developing markets. ... More..."http://secfilings.nasdaq.com/edgar_conv_html%2f2007%2f10%2f29%2f0000868611-07-000025.html#FIS_BUSINESS"www.sonicdrivein.com
350 Employees
Founded in 1953
SONIC CORP (SONC:NASDAQ GS)
LAST $7.82 USD
CHANGE TODAY 0.00 0.00%
VOLUME 719.6K
As of 8:09 PM 09/8/10 All times are local (Market data is delayed by at least 15 minutes).
Snapshot of SONIC CORP (SONC)
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OPEN
$7.82
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PREVIOUS CLOSE
$7.82
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DAY HIGH
$7.90
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DAY LOW
$7.80
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52 WEEK HIGH
04/22/10 - $13.11
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52 WEEK LOW
07/7/10 - $7.28
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MARKET CAP
482.0M
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AVERAGE VOLUME 10 D
790.6K
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EPS TTM
$0.54
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SHARES OUTSTANDING
61.6M
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SONC Does Not Pay Dividends
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P/E TTM
14.5x
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| K = Thousands M = Millions B = Billions | ||
Key developments for SONIC CORP (SONC)
Sonic Corp. Announces Board Changes
08/31/2010
Sonic Corp. announced that Leonard Lieberman has retired from the Board of Directors after 21 years of service, effective August 27, 2010. The company also announced that Jeffrey Schutz, managing director of Centennial Ventures, has been named to the Board.
Sonic Corp. Introduces New Footlong Quarter Pound Coney
06/28/2010
SONIC introduced its new and improved Footlong Quarter Pound Coney, a juicy, plump footlong hot dog topped with warm chili and melty cheese. The new and improved Footlong Quarter Pound Coney is a blend of beef and pork and boasts a bigger size than ever before, weighing in at a quarter pound. The classic coney toppings of chili and cheese round out this entree that is reminiscent of summer picnics, baseball games and family gatherings. From June 28 to August 29, the new Footlong Quarter Pound Coney is priced for a limited time at $2.99. It's the perfect summer food for anyone looking for a satisfying meal, especially if it's paired with any one of SONIC's side items such as handmade onion rings, famous tots, fresh mozzarella sticks or super hot Ched 'R' Peppers. Also available this summer, the new Campfire Blast(TM), Real Ice Cream blended with toasted graham crackers and chocolate covered with marshmallows. It's the perfect frozen treat for summer.
Sonic Corp. expected to report Fiscal Year 2010 results on October 15, 2010. This event was calculated by Capital IQ (Created on June 27, 2010).
06/27/2010
Sonic Corp. expected to report Fiscal Year 2010 results on October 15, 2010. This event was calculated by Capital IQ (Created on June 27, 2010).
Sonic Corp. financial resources
SONC Competitors
| Company | Last | Change |
| Biglari Holdings Inc | $319.67 USD | +5.07 |
| BJ's Restaurants Inc | $27.32 USD | +0.05 |
| Buffalo Wild Wings Inc | $47.38 USD | +0.55 |
| California Pizza Kitchen Inc | $16.15 USD | -0.19 |
| Denny's Corp | $2.70 USD | +0.01 |
| Market data is delayed at least 15 minutes. | ||
Industry Analysis
| Valuation | SONC | Industry Range |
| Price/Earnings | 14.4x |
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| Price/Sales | 0.8x |
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| Price/Book | 30.5x |
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| Price/Cash Flow | 6.3x |
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| TEV/Sales | NM | Not Meaningful |
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SONC |
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SONC transactions
| Type Date |
Target |
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Merger/Acquisition
May 4, 2010 |
230,024 square-foot Center in Palatine |
More Recent Financial News About Sonic Corp.
Dining on Restaurant Investment Ideas
2010-09-02 02:18:52
Quote: In our view, greater share price potential currently exists forsmall- to midcap quick-service restaurant operators, including BurgerKing, Sonic (SONC), and Wendy's/Arby's Group (WEN),each of which is currently trading at a price/fair value under 0.75times. We believe rivalry with larger restaurant chains has forced thesecompetitors to raise their game, resulting in new traffic-drivinginitiatives, margin-friendly menu innovations, and cleaner expensestructures. Although the market has either writ...Read article
Sonic Announces Changes in Board Membership
2010-09-01 07:41:23
Keywords: Sonic Announces Changes in Board Membership, sonc
Quote: SONCNews), the nation's largest chain of drive-inrestaurants, today announced that Leonard Lieberman has retired from theBoard of Directors after 21 years of service, effective August 27, 2010.The company also announced that Jeffrey Schutz, managing director ofCentennial Ventures, a leading venture capital firm, has been named tothe Board.Cliff Hudson, Chairman and Chief Executive Officer of Sonic Corp.,stated, "We are very excited to welcome Jeffrey to the board and believethat his background i...Read article
SONIC CORP Files SEC form 8-K, Change in Directors or Principal Officers, Financial Statements and Exhibits
2010-09-01 07:41:22
Quote: Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers.
On August 27, 2010, Leonard Lieberman retired from the Board of Directors of
Sonic Corp. (the "Company"). Also, on August 27, 2010, the Board of Directors
approved the recommendation of the Nominating and Corporate Governance Committee
and appointed Jeffrey Schutz to fill the director position left vacant by
Mr. Lieberman's retirement for ...Read article
SONIC® Renews $500,000 Commitment to Public Schools
2010-08-31 06:13:45
Keywords: SONIC® Renews $500,000 Commitment to Public Schools, sonc
Quote: Thanks to SONIC's renewed partnership with DonorsChoose.org, consumers can once again play an important role in funding classroom projects that inspire learning. (Logo: Â http://photos.prnewswire.com/prnh/20100830/CG56396LOGO)(Logo: Â http://www.newscom.com/cgi-bin/prnh/20100830/CG56396LOGO)Engaging with Limeades for Learning is easier this year.Anyone with a valid e-mail address can take part by voting every day for a teacher's project online at LimeadesForLearning.com. Another new addition...Read article
Restaurant Winners: Wendy's, Sonic
2010-08-20 04:18:15
Keywords: Financial, News, Stock, Market, Headlines, Investments, Quotes, Trading, TheStreet.com, Miriam Reimer ,Food and Beverage
Quote: Industry behemoth McDonald'sMCD) scored for best french fries, best drive-thru, best value menu and best breakfast sandwiches.>>McDonald's Raises Funds in Yuan BondSonicSONC) shares started the day lower but rose throughout the session, closing up 1.6%. The chain of drive-ins posted lower profits and revenue last quarter, but the figures still beat expectations. Analysts expect the company to earn 23 cents per share in the current quarter on revenue of $155 million.The biggest winners in the res...Read article
Approx. 13% Expansion In Restaurant Base Expected For Buy-Rated Chipotle Mexican Grill (CMG)
2010-08-18 02:58:07
Keywords: Approx. 13% Expansion In Restaurant Base Expected For Buy-Rated Chipotle Mexican Grill (CMG), cmg,mcd,pzza,sonc
Quote: This special feature contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers.The Wall Street Transcript Online.
Topics covered: Emphasis On Quick-Service and High-End Restaurants - Connection To Corporate and Consumer Spending - Recent Pullback In Restaurant Stocks - Upside In Casual Dining Segment and many more.Companies include: Chipotle (CMG); Panera Bread (PNRA); Sonic (SONC); Unilever (UN); Wendy's (WEN);In the following b...Read article
Biglari Holdings Reveals Sonic Position
2010-08-05 09:35:15
Quote: SardarBiglari's investment firm Biglari Holdings (BH) has disclosed a newposition in Sonic Corp (SONC).Per a 13G filed with the SEC, BiglariHoldings now shows a 5.9% stake in the Sonic restaurant chain with3,623,668 shares due to portfolio activity on July 28th.Biglari hasextensive experience in the fast food industry because Biglari Holdingsis actually the new holding company name for Steak 'N Shake.Backon June 28th, 2010 BH also disclosed a 6.0% ownership stake in RedRobin Gourmet Burg...Read article
SONIC CORP Files SEC form 10-Q, Quarterly Report
2010-07-12 07:29:24
Quote: The
Company has implemented initiatives designed to provide a unique and high
quality customer service experience with the goal of improving same-store sales.
These initiatives include focusing on customer service, offering differentiated,
high quality food and drink products, a new value strategy, new commercials and
implementation of a new media strategy intended to increase the number of
impressions consumers experience within each Sonic drive-in's trade area. The
following table provides inf...Read article
Ahead of the Bell: ISM service sector index
2010-07-07 03:58:54
Keywords: Ahead of the Bell: ISM service sector index, cbk,dfs,sonc
Quote: The women's clothing seller said on June 30 that it got a big boost in net income from stronger sales of full-priced items.Credit card company Discover Financial Services said in mid-June that consumers were spending more, while delinquency trends were improving.But outlooks are cautious, with executives such as Sonic Corp. CEO Clifford Hudson recently warning that the state of the economic recovery and ongoing consumer pressures will continue to be a challenge for the fast-food chain.......Read article
Convenience stores go after fast-food diners
2010-06-30 01:30:27
Keywords: Food distribution,Retailing,Japan,Asia,Oil and gas refining and marketing,Energy and Resources,United States of America,Restaurants,Leisure facilities,Food products,Food and drug retailing,Non cyclical consumer goods,Energy,Oil and gas,Cocos Islands,Compa
Quote: fast-food chains like
Burger King (BKC.N), Arby's [WEN.UL], Sonic (SONC.O) and Jack
in the Box (JACK.O) the hardest and "trading down" to
convenience stores is becoming an increasingly common option
for some cash-strapped diners. [ID:nN25255677] 7-Eleven stores, which sell everything from hot dogs and
coffee to beer, last fall started offering take-away pizzas and
individual slices at more than 1,000 units, Technomic said. Privately held Cumberland Farms is offering prepared food
like sandwiches...Read article
SONIC Introduces New Footlong Quarter Pound Coney
2010-06-29 08:48:18
Keywords: SONIC Introduces New Footlong Quarter Pound Coney, sonc
Quote: OKLAHOMA CITY, June 28 /PRNewswire-FirstCall/ --  Just in time to celebrate National Hot Dog Month, SONIC®, America's Drive-In®, introduces its new and improved Footlong Quarter Pound Coney, a juicy, plump footlong hot dog topped with warm chili and melty cheese. (Photo:  http://photos.prnewswire.com/prnh/20100628/CG27062)(Photo:  http://www.newscom.com/cgi-bin/prnh/20100628/CG27062)"SONIC's Coney has been a customer favorite for years," said Dominic Losacco, vice president of mar...Read article
Ahead of the Bell: Sonic
2010-06-23 02:40:17
Keywords: Ahead of the Bell: Sonic, sonc
Quote: OKLAHOMA CITY (AP) -- The drive-through restaurant chain Sonic is wrestling with rising costs and weak sales right now, analysts said Tuesday, but the company may see conditions improve in the long run.The company this week reported that third-quarter net income dropped 35 percent as costs increased. Revenue tumbled 19 percent and the company fell short of Wall Street expectations.Morgan Keegan analyst Robert Derrington said the company's strategy to differentiate itself with its carhop service ...Read article
Stocks Wilt In Summer Heat
2010-06-23 02:40:15
Keywords: Stocks Wilt In Summer Heat, ccl,jef,sonc,vrx,wag, ideas-and-strategies
Quote: Economists were expecting a 6% increase to an annual rate of 6.11 million units.In earnings news, shares of JefferiesJEFNewseight Pro investors counted Jefferies in their top-15 U.S.-listed equity holdings at the start of Q2, while 70 tickerspy members held the stock in their portfolios.Shares of SonicSONCNews) dropped by -8.3% after the drive-in restaurant chain reported a quarterly profit that missed estimates.Citing high unemployment, the company reported lower sales in key markets, but the f...Read article
Sonic Appoints New Chief Marketing Officer
2010-06-22 08:43:37
Keywords: Sonic Appoints New Chief Marketing Officer, sonc
Quote: Vona comes to Sonic from her position as aVice President of Marketing at PepsiCo.In her 11-year tenure with Pepsi, Vona has been responsible for severalareas including: all aspects of Propel brand marketing including newproduct formulations, flavors, packages, innovation, brand positioningand marketing communications; Pepsi's flavored soft drink portfoliowhere, among others, she managed the Sierra Mist brand as well aslaunching new and innovative brands; and Pepsi's juice and dairyportfolio, and...Read article
UPDATE - Sonic Q3 profit misses market estimates
2010-06-22 08:43:36
Keywords: United States of America,Retailing,Corporate Results,Corporate Results Forecasts,Leisure facilities,Food products,Restaurants,Business activities,Cyclical consumer services,Cyclical consumer goods and services,Hotels and entertainment services,Company New
Quote: UPDATE 1-Sonic Q3 profit misses market estimates
*Q3 adj eps $0.15 vs est $0.19 * Revenue $145.9 vs est $145.1 * Danielle Vona is new chief marketing officer June 21 (Reuters) - Sonic Corp (SONC.O) reported a
quarterly profit that missed estimates, as high unemployment
rates hit sales in its key markets, and the drive-in restaurant
chain backed its recently lowered earnings outlook for the
year. Last week, Sonic cut its fiscal 2010 earnings outlook
citing weak sales trends in the third quarter, ...Read article
SONIC CORP Files SEC form 8-K, Results of Operations and Financial Condition, Financial Statements and Exhibits
2010-06-22 08:43:35
Quote: SONIC CORPRequest a Trial to NEW EDGAR Online Pro
Form
8-K for
SONIC CORP
21-Jun-2010Results of Operations and Financial Condition, Financial Statements and Exhibits
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Neither Yahoo! nor any of
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Sonic Corporation F3Q10 (Qtr End 05/31/10) Earnings Call Transcript
2010-06-22 08:43:34
Quote: Just wondering, one, if you could give some thoughts on whether you think that's somewhat Sonic specific, mistakes that you made or marketing you did, Sonic versus quick service in terms of the May deceleration and then as it relates to being 21 days into June, whether there's any color on June or perhaps what you're assuming for that down four to eight comp in terms of, I think you mentioned the price, but versus traffic and mix for the fiscal fourth quarter?
Cliff Hudson
Well, some of it in te...Read article
Sonic Corp. Earnings Call scheduled for Mon, June 21
2010-06-21 04:00:01
Quote: Call DetailsSonic Corp. Earnings Conference Call (Q3 2010)Scheduled
to start Mon, Jun 21, 2010, 5:00 pm EasternAfter
the event has finished, the audio will be availablefrom
this page until Wed, Jun 22, 2011About Sonic Corp.SONC)Sonic Corp. operates and franchises a chain of quick-service drive-in restaurants in the United States. As of January 29, 2010, the company operated approximately 3,500 Sonic Drive-Ins coast to coast in 42 states. It also leases signs and real estate, as well as owns a mi...Read article
HEADLINE STOCKS-U.S. small/midcap stocks on the move on June 16
2010-06-17 19:20:01
Keywords: Healthcare facilities,United States of America,Pharmaceuticals (sub-industry),Consumer financial services,Financials,Entertainment production,Leisure facilities,Leisure and recreation,Commercial services and supplies (industry group),Industrial machinery,
Quote: [ID:nSGE65F0GP] SONIC CORP (SONC.O), $9.49, down 4 pct The drive-in restaurant chain cut its fiscal 2010 earnings
outlook as high unemployment rates in its core markets hurt
sales for the third quarter. [ID:nSGE65F0FO]FANNIE MAE (FNM.N), $0.57, down 38 pct FREDDIE MAC (FRE.N), $0.73, down 41 pct The largest U.S. home funding companies, will delist their
shares on the New York Stock Exchange after they failed to meet
a minimum trading price. [ID:nN16133300] DREAMWORKS ANIMATION (DWA.O), $28.12, d...Read article
Sonic sees shares fall after cutting its outlook
2010-06-17 19:20:00
Keywords: Sonic sees shares fall after cutting its outlook, sonc
Quote: CHICAGO (AP) -- Shares of drive-thru restaurant chain Sonic Corp. slid Wednesday after lowering its full-year profit forecast due to slowing sales.THE SPARK: On Wednesday, the company said it expects to post a full-year profit between 50 cents and 55 cents per share. That's down from its earlier estimate of a profit between 55 cents and 60 cents per share.THE BIG PICTURE: Meanwhile, Sonic said it expects sales in restaurants open at least a year, an important restaurant industry performance meas...Read article
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