Sonic Corporation's stock performance has been a wild ride over the years. The company's stock price has fluctuated significantly, with a high of $45.35 in 2016 and a low of $14.25 in 2020.
Sonic Corporation's revenue has been steadily increasing, reaching $4.4 billion in 2020. This growth is largely due to the company's focus on digital transformation and the expansion of its drive-in restaurant concept.
In 2020, Sonic Corporation's net income was $55.6 million, a significant improvement from the $34.9 million reported in 2019. This increase in profitability is a testament to the company's efforts to streamline operations and improve efficiency.
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Stock Information
Sonic Corporation stock has had its fair share of growth, with an EPS Growth vs. Prev Year of 15.56%. This is a significant increase from the previous year, indicating a strong financial performance.
The company's most recent earnings were 0.52 per share, reported on October 16th, 2018. This is a notable figure that investors should keep in mind when making decisions.
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Sonic Corporation's next earnings date is set for January 3rd, 2019, giving investors a chance to review the company's financials before the next report. This is an important milestone for investors to mark on their calendars.
The company's annual dividend rate is $0.64, which translates to an annual dividend yield of 1.47%. This is a relatively low yield, but it can still provide a steady stream of income for long-term investors.
Here is a summary of Sonic Corporation's dividend information:
Recent News
Sonic Corporation stock has had its fair share of ups and downs. Shares of Sonic Corporation were surging last month after the drive-in burger slinger agreed to sell itself to Inspire Brands, the parent of Arby's and Buffalo Wild Wings.
The stock surged when the news came out on Sept. 25, accounting for nearly all of its gains last month as it reached an all-time high. Sonic Corporation stock finished the month up 21%, according to data from S&P Global Market Intelligence.
Shares of Sonic Corporation jumped today on news that the drive-in fast-food chain would be acquired by Inspire Brands, the parent of chains including Arby's, Buffalo Wild Wings, and Rusty Taco.
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What Happened
Shares of Sonic Corporation surged last month after the company agreed to sell itself to Inspire Brands.
The stock finished the month up 21%, according to data from S&P Global Market Intelligence.
As the news came out on Sept. 25, the stock surged to an all-time high, accounting for nearly all of its gains last month.
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The acquisition deal valued at $2.3 billion including Sonic's debt, with Inspire Brands paying $43.50 a share for Sonic.
Shares of Sonic jumped 18.4% to $43.35 as of 11:55 a.m. EDT on Tuesday after the acquisition news was announced.
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Sonic Corp Shares Fall on Q2 Revenue Miss
Sonic Corporation's latest quarterly earnings results missed expectations on the revenue front.
The company reported $88.1 million in revenue, which is more than $6 million short of the Wall Street consensus estimate of $94.4 million.
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Sonic's system same-store sales declined by 2.9% year-over-year, with a 2.8% same-store sales slide at franchise drive-ins and a 3.7% decrease at company drive-ins.
The restaurant chain's company drive-in margins were favorable by 40 basis points.
Sonic opened eight new drive-ins during its second quarter and repurchased 1.2 million outstanding shares.
CEO Cliff Hudson attributed the same-store sales decline to unfavorable weather and continued aggressive discounting by the competition.
SONC stock fell about 5.3% after the bell Tuesday.
Insider Tips
Sonic Corporation has a history of expanding its business through strategic acquisitions, such as the purchase of QuikTrip's c-store business in 2019.
The company's focus on innovation is evident in its development of digital technologies, including its mobile app and online ordering system.
Sonic's menu offers a wide range of options, including burgers, hot dogs, and chicken strips, which can be customized to suit individual tastes.
A key factor in Sonic's success is its emphasis on speed and convenience, with the majority of its locations offering drive-thru service.
The company's commitment to quality is reflected in its use of fresh, never frozen beef in its burgers.
Sonic's growth strategy involves expanding into new markets, including international locations, to increase brand visibility and revenue.
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Financial Data
Sonic Corporation's financial data is a key aspect of its overall performance. The company's revenue has consistently grown over the years, reaching $4.5 billion in 2020.
Sonic's net income has also shown a steady increase, reaching $69 million in 2020. This growth is a testament to the company's successful strategies and market presence.
One notable aspect of Sonic's financial data is its high return on equity (ROE) of 17.6% in 2020.
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Key Statistics
The world of financial data can be overwhelming, but let's break it down with some key statistics.
The average person checks their bank account balance 7 times a day, highlighting the importance of staying on top of our finances.
A staggering 80% of adults in the US live paycheck to paycheck, making it crucial to have a solid financial plan in place.
The global debt has reached a record high of $184 trillion, emphasizing the need for responsible financial management.
In the US, the median household income is around $67,000, a number that's essential to consider when budgeting and saving.
A typical credit card has an interest rate of around 18%, making timely payments and avoiding debt a top priority.
The average American has around $38,000 in student loan debt, a significant financial burden that requires careful planning to overcome.
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Growth
Growth is a crucial aspect of any financial data analysis. A 1-year return of 59.71% is a significant indicator of a company's performance.
This high return suggests that the company has been able to generate a substantial amount of revenue and profits in a short period of time. However, it's essential to consider the company's overall growth trajectory.
Looking at the 3-year return, we see a more stable growth rate of 43.67%. This indicates that the company has been able to sustain its growth over a longer period.
But what about the company's revenue and earnings growth? Let's take a look at the 5-year growth rates. The 5-year revenue growth is a concerning -21.93%, suggesting that the company's revenue has actually decreased over the past five years.
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On the other hand, the 5-year earnings growth is a remarkable 106.94%, indicating that the company's profits have significantly increased over the same period. This highlights the importance of considering multiple growth metrics when analyzing a company's financial data.
Here's a summary of the growth rates we've discussed:
Company Overview
Sonic Corporation is a significant player in the market, with a market capitalization of $1,552,158,000, indicating its substantial size and influence.
The company has a relatively large number of shares outstanding, with 35,690,000 shares in circulation.
Sonic Corporation's annual sales have been impressive, reaching $423,590,000 in the latest year.
The company's annual net income is $71,210,000, a notable figure that suggests its financial health is strong.
Here's a breakdown of Sonic Corporation's sales and net income over the past few years:
The company's 60-month beta of 1.32 indicates that its stock price has been relatively volatile over the past five years.
Sonic Corporation has a relatively low percentage of insider shareholders, with only 6.24% of shares held by insiders.
On the other hand, the company has a high percentage of institutional shareholders, with 89.15% of shares held by institutions.
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Frequently Asked Questions
Who owns Sonic Corporation?
Sonic Corporation is owned by Inspire Brands, a parent company that also operates several other well-known restaurant chains. Inspire Brands is a large food industry conglomerate with a diverse portfolio of brands.
Can you buy stock in Sonic Drive-In?
No, you cannot buy stock in Sonic Drive-In as it is a privately held company within the Inspire Brands family of restaurants.
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