Find the Stock Symbol for Sonic Corporation

If you're looking to invest in Sonic Corporation, you'll need to know its stock symbol. The stock symbol for Sonic Corporation is SONC.

Sonic Corporation is a quick-service restaurant chain, but it's not the same as the popular video game franchise. The company was founded in 1953 and is headquartered in Oklahoma City, Oklahoma.

If you're looking to invest in Sonic stock, you have a few options to choose from.

The stock symbol for Sonic Drive-In is SONC. This is the most common and widely recognized symbol for the company.

You can also find Sonic stock listed under its previous symbol, CHUY, but this is no longer the primary symbol.

The Nasdaq: Sonc stock symbol is assigned to Sonic Corporation, a fast-food restaurant chain that operates over 3,600 locations worldwide.

Sonic Corporation is headquartered in Oklahoma City, Oklahoma.

Nasdaq: Sonc is a popular stock symbol among investors due to the company's consistent revenue growth and strong brand recognition.

The company was founded in 1953 by Troy Smith in Shawnee, Oklahoma.

Sonic Corp was recently acquired by Inspire Brands, causing shares to jump 19% to a new all-time high.

The acquisition is a great outcome for shareholders, especially considering shares were up 50% in the last year before the news broke.

Sonic's resurgent share price in 2018 has been driven by stabilizing same-store sales and a big share-repurchase program.

The company-operated locations finished with a 3.2% decrease in same-store sales in 2017, but preliminary fourth-quarter results showed company-operated comps up 2.5%.

Franchises had a 4.7% decrease in 2017, but were up 2.6% in the fourth quarter of 2018.

The reversing trend should lead to higher profits for the drive-in and its new owner, Inspire Brands.

However, Sonic has actually lagged behind the overall industry recovery this year, with consumer spending at restaurants up 6.2% in 2018.

The industry has been opening new locations at a faster pace than spending can keep up, resulting in foot traffic at existing stores remaining in decline.

Average industry foot traffic fell 2.7% and 2% in the first and second quarters of 2018, respectively.

Competitors expanding their footprint have taken a bite out of Sonic's otherwise stellar rebound.

Sonic's forward P/E sits at 26.2, which isn't exactly priced into the stock considering the potential for a slowdown in dining out.

Sonic Innovations is a leading manufacturer of hearing aids.

They achieved record annual sales from continuing operations.

Their headquarters is located in Salt Lake City.

Sonic Innovations is the only U.S.-based publicly traded manufacturer of hearing aids.

They've been able to maintain this unique position in the industry.

Sonic Innovations has a listing on the NASDAQ stock exchange under the symbol SNCI.