Jim Cramer Says Four Catalysts Could Propel Sonic Higher
TheStreet's Jim Cramer said Sonic has four things that are going for it that could help send shares of the fast-food chain higher.
TheStreet's Action Alerts PLUS Portfolio Manager Jim Cramer said Sonic (SONC) has four things that are going for it that could help send shares of the fast-food chain higher. Cramer said, 'They have very centralized value meals. They are a great franchiser, kind of like a Domino's Pizza (DPZ) - Get Domino's Pizza Inc Report . They're buying back stock and beef costs are down.' He believes low beef prices are some of the same things that are helping shares of McDonald's (MCD) - Get McDonald's Corporation Report move higher. 'Sonic is still an inexpensive stock and that's why sonic is still running, said Cramer'
At the time of publication, Jim Cramer's charitable trust Action Alerts PLUS held no positions in stocks mentioned.
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