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Andrew Charles, Cowen director, told Yahoo Finance’s On the Move, that Chipotle will continue to see healthy growth in digital sales.
Jack in the Box Inc. needs to partner up while there’s interest. More than 100 North American restaurant chains were sold in 2017, a frenzied pace which continued this year, most recently with Inspire Brands Inc.’s $2.3 billion takeover of Sonic Corp. Inspire Brands, which owns Arby’s, also acquired Buffalo Wild Wings less than a year ago. If it doesn’t lock down a deal, it plans to have a new capital structure in place before the end of March, which may include “a securitization or bond issuance.” Jack in the Box’s net debt amounts to 4 times next year’s projected Ebitda, which is quite high relative to most of its peers.
“Market volatility has picked up again over the past few weeks. Headlines highlight risks regarding interest rates, the Fed, China, house prices, auto sales, trade wars, and more. Uncertainty abounds. But doesn’t it always? I have no view on whether the recent volatility will continue for a while, or whether the market will be back […]
OKLAHOMA CITY (AP) — Shareholders have approved the sale of drive-in burger chain Sonic to the parent company of Arby's in a $2.3 billion merger.
NEW YORK , Dec. 4, 2018 /PRNewswire/ -- S&P MidCap 400 constituent Nabors Industries Ltd. (NYSE: NBR) will replace Sonic Corp. (NASD: SONC) in the S&P SmallCap 600, and Universal Display Corp. (NASD: OLED) ...
NEW YORK, Nov. 29, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
NEW YORK, Nov. 19, 2018 /PRNewswire/ -- Notice is hereby given that Faruqi & Faruqi, LLP has filed a class action lawsuit in the United States District Court for the Western District of Oklahoma, case No. 18-cv-01063, on behalf of shareholders of Sonic Corp. ("Sonic" or the "Company") (SONC) who have been harmed by Sonic's and its board of directors' (the "Board") alleged violations of Sections 14(a) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act") in connection with the proposed acquisition of the Company by Inspire Brands, Inc. ("Inspire"). On September 28, 2018, the Board caused the Company to enter into an Agreement and Plan of Merger ("Proposed Transaction") under which Sonic's shareholders will receive $43.50 in cash for each share of Sonic common stock they hold (the "Merger Consideration").