Sonic Corp (SONC) Tops Q3 EPS by 2c, Comps Decline 1.2%

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Go back to Sonic Corp (SONC) Tops Q3 EPS by 2c, Comps Decline 1.2%

Sonic (SONC) PT Lowered to $28 at BofA/Merrill Lynch Following 3Q

June 23, 2017 9:32 AM EDT

BofA/Merrill Lynch lowered its price target on Sonic (NASDAQ: SONC) to $28.00 (from $30.00) while maintaining a Underperform rating following the company's 3Q. Sonics 3Q earnings beat Street expectations with adjusted EPS of $0.43 ahead of $0.41 consensus. System same-store sales declined 1.2%.

Sonic lowered full... More

Sonic (SONC) PT Raised to $25 at Cowen on 3Q; 'Sales Likely to Remain Challenged But Downside Seems Limited'

June 23, 2017 6:12 AM EDT

Cowen raised its price target on Sonic (NASDAQ: SONC) to $25.00 (from $23.00) while maintaining a Market Perform rating, following the company's third quarter earnings announcement.

Analyst Andrew Charles notes the company delivered third quarter earnings per share results above consensus projections, despite... More