Wells Fargo & Company Issues Positive Forecast for Sinclair (NASDAQ:SBGI) Stock Price

Sinclair (NASDAQ:SBGI) had its price objective boosted by stock analysts at Wells Fargo & Company from $16.00 to $17.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 0.42% from the stock’s previous close.

A number of other equities research analysts have also weighed in on SBGI. Weiss Ratings reiterated a “hold (c-)” rating on shares of Sinclair in a research note on Monday, December 29th. Zacks Research upgraded Sinclair from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 13th. Guggenheim increased their target price on shares of Sinclair from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Wall Street Zen raised Sinclair from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Benchmark upped their target price on Sinclair from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Thursday. Two analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Sinclair has a consensus rating of “Hold” and a consensus price target of $20.00.

Sinclair Stock Up 22.1%

Shares of SBGI stock traded up $3.07 during trading hours on Thursday, hitting $16.93. 558,245 shares of the company’s stock traded hands, compared to its average volume of 348,860. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 14.77. The stock’s fifty day simple moving average is $14.88 and its two-hundred day simple moving average is $14.67. Sinclair has a 12-month low of $11.89 and a 12-month high of $17.88. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -27.26 and a beta of 0.96.

Sinclair (NASDAQ:SBGI) last announced its quarterly earnings data on Wednesday, February 25th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.03) by $0.07. Sinclair had a negative return on equity of 10.19% and a negative net margin of 1.35%.The business had revenue of $836.00 million during the quarter, compared to analysts’ expectations of $840.25 million. During the same quarter in the previous year, the business earned $2.61 earnings per share. The firm’s quarterly revenue was down 16.7% compared to the same quarter last year. On average, analysts expect that Sinclair will post 4.24 EPS for the current year.

Insider Activity at Sinclair

In related news, Director Benson E. Legg sold 6,548 shares of Sinclair stock in a transaction that occurred on Friday, December 19th. The shares were sold at an average price of $15.81, for a total value of $103,523.88. Following the completion of the transaction, the director owned 71,165 shares in the company, valued at $1,125,118.65. The trade was a 8.43% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David B. Gibber sold 29,376 shares of the business’s stock in a transaction on Thursday, December 11th. The shares were sold at an average price of $16.67, for a total transaction of $489,697.92. Following the completion of the sale, the executive vice president directly owned 165,272 shares of the company’s stock, valued at approximately $2,755,084.24. This trade represents a 15.09% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 50,637 shares of company stock worth $815,535. Company insiders own 41.90% of the company’s stock.

Hedge Funds Weigh In On Sinclair

Institutional investors have recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL increased its stake in shares of Sinclair by 7.7% during the 3rd quarter. Gamco Investors INC. ET AL now owns 4,242,962 shares of the company’s stock valued at $64,069,000 after acquiring an additional 302,160 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Sinclair by 5.9% in the 4th quarter. Vanguard Group Inc. now owns 3,934,311 shares of the company’s stock valued at $60,195,000 after purchasing an additional 220,623 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Sinclair by 23.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,946,274 shares of the company’s stock valued at $29,778,000 after buying an additional 373,566 shares during the period. Capital Management Corp VA increased its position in shares of Sinclair by 6.2% in the third quarter. Capital Management Corp VA now owns 1,655,050 shares of the company’s stock worth $24,991,000 after acquiring an additional 97,226 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in shares of Sinclair by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,509,006 shares of the company’s stock worth $23,089,000 after buying an additional 73,241 shares during the period. 41.71% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Sinclair

Here are the key news stories impacting Sinclair this week:

• Positive Sentiment: Benchmark Co. raised its price target on SBGI from $27 to $30 and initiated/maintained a “Buy” stance, implying material upside versus the current level. Benchmark target raise
• Positive Sentiment: Q4 EPS beat materially — Sinclair reported $1.55 EPS vs. consensus roughly -$0.03 — driven by stronger-than-expected core advertising performance. That earnings surprise is a major positive catalyst. Q4 results press release
• Positive Sentiment: Management highlighted 14% core advertising growth and strong performance at Tennis Channel; political ad spending is expected to be a tailwind in 2026, which could boost cash flow. Earnings highlights
• Positive Sentiment: Sinclair announced a quarterly cash dividend of $0.25 per share (implied ~6.1% yield), raising the stock’s income appeal for yield-focused investors. (Ex-dividend/record dates disclosed in company release.)
• Positive Sentiment: Independent coverage upgrades (e.g., Seeking Alpha upgrade to Buy) call out the dividend yield, recent pullback, and potential political ad windfalls as reasons for upside. Seeking Alpha upgrade
• Neutral Sentiment: Company issued FY2026 revenue guidance in a $3.4B–$3.5B range (close to consensus), though EPS guidance details were not clearly published in the brief. Investors will want full guidance detail for clarity. Earnings presentation
• Neutral Sentiment: Detailed earnings call transcript and presentation are available for investors who want management commentary and color on ad trends and capital allocation. Earnings transcript
• Negative Sentiment: Revenue was down ~16.7% YoY for the quarter and the company still shows negative net margin and negative ROE, highlighting ongoing secular pressure in parts of the business. MarketBeat earnings summary
• Negative Sentiment: Net leverage remains elevated (reported ~5.3x in analyst commentary), which increases sensitivity to advertising cycles despite no near-term material maturities; deleveraging is a stated priority but remains a risk. Leverage discussion

Sinclair Company Profile

Sinclair Broadcast Group, Inc (NASDAQ: SBGI) is a media and entertainment company headquartered in Hunt Valley, Maryland. Founded in 1971 as a single UHF television station operator, Sinclair has grown through strategic acquisitions and organic expansion to become one of the largest owners of local television stations in the United States. Over its history, the company has pursued a diversified portfolio that includes both traditional broadcast assets and newer digital platforms.

At its core, Sinclair operates over 190 television stations affiliated with the major national broadcast networks, including ABC, CBS, NBC, Fox, The CW and MyNetworkTV.