Why Brian Sozzi Isn't Surprised By The Surge In Sonic's Shares
Brian Sozzi of Belus Capital Advisors wasn't surprised by the move; He projected last November the company would perform well.
Sozzi said that Sonic's success is due to its clever marketing (which includes its “two guys” commercials) and made to order food.
“The absence of charismatic brand ambassadors in the marketing of McDonald's and Burger King has allowed Sonic to carve out a place on television with its ‘two guys' – two middle-aged men sitting in a car at a Sonic drive-in and bantering on the latest new product or mouth-water promotion.”
Sozzi stated that Sonic's sales trends are better than its larger peers, which allows the company to realize a higher share in the highly-competitive market. Looking forward, the analyst projected the company plans to enter new markets in new states, offer lower calorie foods and drinks, and roll out assorted technologies.
Latest Ratings for SONC
|Dec 2016||Cowen & Co.||Initiates Coverage On||Market Perform|
|Dec 2016||Longbow Research||Downgrades||Buy||Neutral|
|Oct 2016||Telsey Advisory Group||Downgrades||Outperform||Market Perform|
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