Sonic Automotive, Inc. (NYSE:SAH) has received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $22.50.

Several equities analysts have weighed in on SAH shares. ValuEngine cut Sonic Automotive from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Zacks Investment Research upgraded Sonic Automotive from a “strong sell” rating to a “hold” rating in a research note on Thursday, November 2nd. Bank of America cut Sonic Automotive from a “neutral” rating to an “underperform” rating in a research note on Thursday, October 19th. KeyCorp reaffirmed a “hold” rating on shares of Sonic Automotive in a research report on Friday, September 1st. Finally, TheStreet raised Sonic Automotive from a “c+” rating to a “b” rating in a research report on Wednesday, October 18th.

In other news, CFO Heath Byrd sold 11,000 shares of the firm’s stock in a transaction on Friday, October 27th. The stock was sold at an average price of $20.43, for a total transaction of $224,730.00. Following the completion of the sale, the chief financial officer now directly owns 143,306 shares of the company’s stock, valued at approximately $2,927,741.58. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Jeff Dyke sold 8,551 shares of the firm’s stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $20.10, for a total value of $171,875.10. Following the sale, the executive vice president now directly owns 1,262,056 shares of the company’s stock, valued at $25,367,325.60. The disclosure for this sale can be found here. Company insiders own 30.29% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the stock. State of Alaska Department of Revenue increased its holdings in Sonic Automotive by 78.3% in the 2nd quarter. State of Alaska Department of Revenue now owns 5,153 shares of the company’s stock worth $100,000 after acquiring an additional 2,263 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Sonic Automotive by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,854 shares of the company’s stock worth $114,000 after acquiring an additional 878 shares during the last quarter. Public Employees Retirement System of Ohio increased its holdings in Sonic Automotive by 4.8% in the 1st quarter. Public Employees Retirement System of Ohio now owns 8,891 shares of the company’s stock worth $178,000 after acquiring an additional 410 shares during the last quarter. BNP Paribas Arbitrage SA increased its holdings in Sonic Automotive by 48.8% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,359 shares of the company’s stock worth $182,000 after acquiring an additional 3,068 shares during the last quarter. Finally, Laurion Capital Management LP purchased a new stake in Sonic Automotive in the 2nd quarter worth about $203,000. 64.31% of the stock is owned by institutional investors.

Sonic Automotive (NYSE:SAH) opened at $21.40 on Monday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.26 and a current ratio of 1.06. Sonic Automotive has a 52 week low of $15.95 and a 52 week high of $27.45. The firm has a market capitalization of $924.37, a price-to-earnings ratio of 12.66, a price-to-earnings-growth ratio of 3.91 and a beta of 1.56.

Sonic Automotive (NYSE:SAH) last issued its quarterly earnings data on Tuesday, October 24th. The company reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. Sonic Automotive had a return on equity of 10.47% and a net margin of 0.70%. The business had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.54 billion. During the same period last year, the business earned $0.47 EPS. The business’s revenue was down 2.0% on a year-over-year basis. equities research analysts anticipate that Sonic Automotive will post 1.82 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 15th will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Thursday, December 14th. Sonic Automotive’s dividend payout ratio is presently 13.07%.

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About Sonic Automotive

Sonic Automotive, Inc is an automotive retailer in the United States. The Company’s operating segments include Franchised Dealerships and EchoPark. Its Franchised Dealerships segment consists of retail automotive franchises that sell new vehicles and buy and sell used vehicles, sell replacement parts, perform vehicle repair and maintenance services, and arrange finance and insurance products.

Analyst Recommendations for Sonic Automotive (NYSE:SAH)

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