.png "Sonic (NASDAQ: SONC)")
In a report issued on June 26, Matthew Difrisco from Guggenheim reiterated a Buy rating on Sonic (NASDAQ: SONC), with a price target of $38. The company’s shares closed on Friday at $34.42, close to its 52-week high of $36.15.
Difrisco has an average return of 6.0% when recommending Sonic.
According to TipRanks.com, Difrisco is ranked #123 out of 4825 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sonic with a $34.60 average price target, a 0.5% upside from current levels. In a report issued on June 11, Piper Jaffray also maintained a Buy rating on the stock with a $43 price target.
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The company has a one-year high of $36.15 and a one-year low of $22.11. Currently, Sonic has an average volume of 932.1K.
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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.
