| Sonic, through its subsidiaries, operates and franchises a chain of drive-in restaurants (Sonic Drive-Ins) in the U.S. Co.'s food items include specialty drinks (such as cherry limeades and slushes), ice cream desserts, made-to-order cheeseburgers, chicken entrees ranging from sandwiches to boneless wings, a variety of hot dogs including six-inch beef hot dogs and footlong quarter pound coneys, hand-made onion rings and tater tots. Sonic Drive-Ins also provides breakfast items that include a variety of breakfast burritos and serves the full menu all day. We show 34 historical shares outstanding datapoints in our SONC shares outstanding history coverage, used to compute SONC market cap on those dates.|
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing SONC market cap history over the course of time is important for investors
interested in comparing SONC's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of SONC versus a peer is one thing; comparing
SONC market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like SONC can fluctuate over the course of history.
With this page we aim to empower investors researching SONC by allowing them to research the SONC market cap history.