.png "Sonic (NASDAQ: SONC)")
Today it was reported that the EVP of Sonic (NASDAQ: SONC), John Budd, exercised options to sell 89,176 SONC shares at $22.99 a share, for a total transaction value of $3.86M.
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SONC’s market cap is $1.56B and the company has a P/E ratio of 23. Currently, Sonic has an average volume of 355.1K.
Based on 6 analyst ratings, the analyst consensus is Hold with an average price target of $43.50, reflecting a 0.5% upside.
The insider sentiment on Sonic has been negative according to 33 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
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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.
