A study of analyst recommendations at the major brokerages shows that Sonic Corp. (Symbol: SONC) is the #65 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity. To make that list, a stock must have repurchased at least 5% of its outstanding shares over the trailing twelve month period. In forming the rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the list of stocks with strong buyback activity was ranked according to those averages.
According to the ETF Finder at ETF Channel, SONC makes up 2.97% of the PowerShares Dynamic Leisure and Entertainment Portfolio ETF ( PEJ ) which is trading lower by about 0.5% on the day Thursday.
SONC operates in the Hotels, Lodging, Restaurants & Travel sector, among companies like McDonald's Corp ( MCD ) which is up about 0.2% today, and Starbucks Corp. ( SBUX ) trading higher by about 0.5%. Below is a three month price history chart comparing the stock performance of SONC, versus MCD and SBUX.
SONC is currently trading down about 0.7% midday Thursday.