Entering text into the input field will update the search result below

Post-earnings rally for Sonic

Oct. 17, 2017 12:47 PM ETSonic Corp. (SONC) StockSONCBy: Clark Schultz, SA News Editor3 Comments
  • Sonic (SONC +5.6%) rallies after topping Q3 estimates. An elevated level of short interest on Sonic may be adding to volatility.
  • The results weren't strong enough to push Canaccord Genuity off its Hold ratings.
  • "While we are encouraged that the company's new value messaging ($2.99 carhop classic) is resonating and underlying SSS have improved thus far in Q1, we look for greater evidence of sustainability before becoming more constructive on shares," writes analyst Lynne Collier.
  • Guggenheim keeps a Buy rating on the restaurant stock and slide its price target to $29.
  • Previously: Sonic beats by $0.02, misses on revenue (Oct. 16)
  • Previously: Sonic lower after revenue shortfall (Oct. 16)

Recommended For You

Related Stocks

SymbolLast Price% Chg
SONC--
Sonic Corp.