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.
Top Analyst Picks With Strong Stock Buyback Activity »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
