Sinclair (NASDAQ:SBGI) Stock Lifted to Buy by Wall Street Zen

Posted by Francis Steltz on Nov 8th, 2026

Wall Street Zen upgraded shares of Sinclair (NASDAQ:SBGI – Free Report) from a hold rating to a buy rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.

A number of other research analysts have also weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Sinclair from $14.00 to $15.00 and gave the company an “underweight” rating in a report on Friday, August 21st. Weiss Ratings downgraded shares of Sinclair from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Finally, Zacks Research upgraded shares of Sinclair from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 8th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.40.

Get Our Latest Report on Sinclair

Sinclair Price Performance

Shares of Sinclair stock opened at $13.68 on Friday. The stock has a 50 day moving average of $13.15 and a 200 day moving average of $14.04. Sinclair has a 12 month low of $11.83 and a 12 month high of $17.88. The firm has a market cap of $989.34 million, a PE ratio of 9.99 and a beta of 1.24. The company has a current ratio of 1.97, a quick ratio of 1.94 and a debt-to-equity ratio of 12.05.

Sinclair (NASDAQ:SBGI – Get Free Report) last released its quarterly earnings data on Wednesday, November 4th. The company reported $0.60 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.33. The business had revenue of $893.00 million for the quarter, compared to the consensus estimate of $874.21 million. Sinclair had a negative return on equity of 4.00% and a net margin of 2.84%. The company’s revenue was up 15.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.02) EPS. On average, research analysts expect that Sinclair will post 1.01 EPS for the current fiscal year.

Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 15th. Shareholders of record on Tuesday, December 1st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 7.3%. The ex-dividend date of this dividend is Tuesday, December 1st. Sinclair’s payout ratio is presently 72.99%.

Insiders Place Their Bets

In other Sinclair news, EVP David Gibber sold 29,246 shares of the company’s stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $13.74, for a total transaction of $401,840.04. Following the sale, the executive vice president directly owned 184,244 shares in the company, valued at $2,531,512.56. This represents a 13.70% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. 42.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Sinclair

A number of institutional investors and hedge funds have recently modified their holdings of SBGI. Russell Investments Group Ltd. raised its holdings in Sinclair by 216.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 104,042 shares of the company’s stock valued at $1,320,000 after buying an additional 71,134 shares during the period. Jacobi Capital Management LLC bought a new stake in Sinclair in the third quarter worth $37,000. Capital Management Corp VA boosted its stake in Sinclair by 2.1% during the third quarter. Capital Management Corp VA now owns 1,437,884 shares of the company’s stock worth $18,247,000 after buying an additional 28,902 shares during the period. Blueprint Investment Partners LLC purchased a new position in Sinclair during the third quarter worth $257,000. Finally, Blueprint Financial Advisors LLC purchased a new position in Sinclair during the third quarter worth $257,000. Hedge funds and other institutional investors own 41.71% of the company’s stock.

Sinclair Company Profile

(Get Free Report)

Sinclair, Inc is a diversified media company that owns and operates local television stations across the United States. Its broadcast portfolio includes ABC, CBS, FOX, NBC, and other network-affiliated stations, as well as independent stations. Sinclair’s local media operations produce news, weather, sports, and community-focused programming for viewers in markets throughout the country.

The company also develops and distributes national and regional content through cable networks, digital platforms, and streaming services.