|Bid||0.00 x 800|
|Ask||0.00 x 1800|
|Day's Range||43.46 - 43.50|
|52 Week Range||23.22 - 44.87|
|Beta (3Y Monthly)||0.71|
|PE Ratio (TTM)||23.26|
|Earnings Date||Jan 2, 2019 - Jan 7, 2019|
|Forward Dividend & Yield||0.64 (1.47%)|
|1y Target Est||35.75|
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 […]
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Services sector is rising.
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.
Sonic Corp. said has launched a Hearty Chili Bowl that starts at 140 calories and offers a full serving of vegetables for $2.49. Diners can add Fritos, shredded cheese and onions for $2.99. Sonic's menu includes chili cheese hot dogs, the Fritos Chili Cheese Jr. Wrap, and Fritos Chili Pie. Sonic shares have gained 58.3% for the year to date while the S&P 500 index is up 0.8% for the period.
The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. Index (PMI) data, output in the Consumer Services sector is rising. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way.
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) ...
Wedbush analyst Nick Setyan cautioned Jack in the Box Inc. investors not to get too excited about a Reuters report Thursday that the fast-food burger chain was exploring a sale, given that the stock is "already at a relatively full valuation." The stock shot up 5.9% on Thursday on the report to close at a 3-month high. Setyan said he believes there is an push by activist investors to explore a sales, given the premium Inspire Brands paid to buy drive-in fast-food chain Sonic Corp. , which sent the stock up 19% to a record high on Sept. 25. Setyan said Jack is different than Sonic in several ways, including Sonic had just exited a multi-year capital-expenditure cycle while Jack is just entering one; Jack is "arguably the laggard" in technology investments while Sonic's was ahead of the game and Jack's same-store sales growth continues to decelerate while Sonic's was accelerating into the buyout deal. Setyan reiterated his neutral rating and $85 stock price target, which is 4% below Monday's close. The stock has shed 9.8% year to date, while the S&P 500 has gained 2.4%.
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").
NEW YORK, Nov. 12, 2018 -- Bragar Eagel & Squire, P.C. reminds investors that it is investigating potential claims on behalf of stockholders of Blue Hills Bancorp, Inc.,.
Bojangles said it had agreed to be taken private, the latest merger news to hit a restaurant industry facing stiff competition.
NEW YORK , Nov. 8, 2018 /PRNewswire/ -- Moore Kuehn, PLLC is investigating potential claims for breach of fiduciary duty involving the directors and officers of Sonic Corp. (NASDAQ: SONC). On September ...
Sonic said its president, Claudia San Pedro, will lead the company and join the executive team of Roark Capital Group-backed Inspire, reporting to Inspire CEO Paul Brown.
SONIC Corp. (SONC), the nation’s largest chain of drive-in restaurants, today announced that Chairman and Chief Executive Officer, Cliff Hudson, will retire and that President Claudia San Pedro will lead the company, effective as of the closing of SONIC’s proposed acquisition by Inspire Brands (“Inspire”), which is expected to occur in December, subject to shareholder approval. Following completion of the transaction, Ms. San Pedro will report to Inspire Chief Executive Officer Paul Brown and will serve as part of the Inspire executive team. Only SONIC’s founder, Troy Smith Sr., led the company for a longer period of time (1953-1983).
Fast-food chain Bojangles Inc is being taken private by investment firms Durational Capital Management LP and Jordan Co for $593.7 million, the latest deal in a sector that is struggling with high costs and increased competition. In September, Arby and Buffalo Wild Wings owner Sonic Corp was taken private for $1.57 billion, while sources told Reuters that Papa John's International Inc, the world's third-largest pizza delivery company, had put itself up for sale. Bojangles shareholders will receive $16.10 in cash for each share, representing a 15 percent premium to the company's stock price before Reuters reported in September that the company was exploring alternatives, including a sale.
NEW YORK, NY / ACCESSWIRE / November 2, 2018 / JuanMonteverde, founder and managing partner at Monteverde & Associates PC, a boutique securities firm headquartered at the EmpireState Building in New York City, is investigating the Board of Directors of Sonic Corp. ("Sonic" or the "Company") (NASDAQ: SONC) for possible breaches of fiduciary duty related to the proposed acquisition of the company by Inspire Brands. The investigation focuses on whether Sonic and its Board of Directors violated securities laws and/or breached their fiduciary duties to the Company's stockholders by 1) failing to conduct a fair process, 2) whether and by how much this proposed transaction undervalues the Company by and 3) failing to disclose all material financial information in connection with the upcoming shareholder meeting.
NEW YORK , Nov. 1, 2018 /PRNewswire/ -- Access National Corporation (ANCX) Lifshitz & Miller announces investigation into possible breaches of fiduciary duties in connection with the sale of ANCX to Union ...
NEW YORK, Oct. 31, 2018 -- Bragar Eagel & Squire, P.C. reminds investors that it is investigating potential claims on behalf of stockholders of Nexeo Solutions, Inc., Blue.