.png "Sonic (NASDAQ: SONC)")
In a report released today, Lynne Collier from Canaccord Genuity maintained a Hold rating on Sonic (NASDAQ: SONC), with a price target of $27. The company’s shares opened today at $27.50.
According to TipRanks.com, Collier is a 5-star analyst with an average return of 15.2% and a 70.2% success rate. Collier covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Brinker International, and The Chefs’ Warehouse.
Currently, the analyst consensus on Sonic is Hold and the average price target is $27, representing a -1.8% downside.
In a report released today, Oppenheimer also reiterated a Hold rating on the stock.
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Based on Sonic’s latest earnings release for the quarter ending February 28, the company reported a quarterly net profit of $19.61 million. In comparison, last year the company had a net profit of $18.75 million.
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Sonic Corp., through its subsidiaries, engages in the operation and franchising of a chain of drive-in restaurants. It also owns and leases properties to franchisees and other parties. Its product includes specialty drinks, ice cream desserts, made-to-order cheeseburgers, chicken entrees, hand-made onion rings, and tater tots.
