Declaration on Hit List: Sonic Corp. (NASDAQ:SONC), New Senior Investment Group Inc. (NYSE:SNR), Alibaba Group Holding Limited (NYSE:BABA)


One of the largest chain of drive-in restaurants in the US, Sonic Corp. (NASDAQ:SONC) released that an increase in profit for the Q3 driven mainly by strong similar-store sales and margins. Earnings for the quarter were in line by means of estimates, while revenues trumped Wall Street anticipations. On the other hand, moving ahead, the firm anticipates “macroeconomic environment” might impact its results for the full year, sending its shares down 5 percent in the afterhours trade. Oklahoma City-based Sonic’s Q3 profit increased to $20.4 million or $0.38 per share from $16.8 million or $0.30 per share last year. CEO Cliff Hudson Commenting on the results stated that they are very pleased with our strong sales and financial performance driven by a healthy mix of traffic and check. Their  results are especially noteworthy given our strong results from the same quarter prior year. Sonic Corp. (NASDAQ:SONC) stock hit highest price at $32.00, beginning with a price of $31.85 and reported a decrease of -10.26% to close at $30.71 with a day range of $30.00-$32.

New Senior Investment Group Inc. (NYSE:SNR) released that it decided to purchase a 28-property portfolio of independent living senior housing properties from affiliates of Holiday Retirement for around $640M. The firm anticipates to fund the purchase through around $190M of equity and around $450 million through debt. The deal is anticipated to close by the third quarter. New Senior CEO Susan Givens, stated that they are excited to add 28 independent living properties to their portfolio through this accretive acquisition. This transaction further increases our industry-leading private pay senior housing NOI exposure to 91% of their portfolio. New Senior Investment Group Inc. (NYSE:SNR) stock has highest price of $15.18 in last session, beginning with a price of $14.84 and reported a loss of -7.28% to close at $14.14 with a day range of $14.14-$15.18.

Alibaba Group Holding Limited (NYSE:BABA) and Ant Financial Services Group reported that both parties will each invest RMB 3B or $483.3M and resources to set up a JV aimed at capturing prospects within China’s local services market, by means of an initial focus on the food and beverage segment. The JV, Koubei, will integrate the convenient aspects of mobile commerce and big data to transform and upgrade China’s local services sector, offering consumers enhanced dining and shopping experiences. Alibaba’s food ordering and delivery business operating under the Taodiandian brand and Ant Financial’s offline merchant resources will become a core part of Koubei’s operations. Shares of Alibaba Group Holding Limited (NYSE:BABA) traded at $85.08 by plunging -0.70% with price volatility of 1.48% for a week and 1.79% for a month.

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Jason Dinner