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PYPL   59.67 (+0.57%)
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QQQ   437.35 (+0.18%)
AAPL   180.95 (-0.12%)
MSFT   406.42 (-0.27%)
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GOOGL   138.02 (+0.33%)
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NVDA   788.47 (-0.31%)
NIO   5.77 (+2.12%)
AMD   177.85 (+1.05%)
BABA   77.67 (+1.52%)
T   16.61 (+0.06%)
F   12.02 (+0.59%)
MU   90.81 (+1.51%)
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GE   154.00 (-0.50%)
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NASDAQ:SOVO

Sovos Brands (SOVO) Stock Price, News & Analysis

$22.57
0.00 (0.00%)
(As of 11:04 AM ET)
Today's Range
$22.54
$22.59
50-Day Range
$22.00
$22.57
52-Week Range
$12.82
$22.73
Volume
516,464 shs
Average Volume
1.39 million shs
Market Capitalization
$2.29 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$23.06

Sovos Brands MarketRank™ Stock Analysis

Analyst Rating
Hold
2.13 Rating Score
Upside/​Downside
2.2% Upside
$23.06 Price Target
Short Interest
Bearish
26.22% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.37mentions of Sovos Brands in the last 14 days
Based on 15 Articles This Week
Insider Trading
Selling Shares
$2.57 M Sold Last Quarter
Proj. Earnings Growth
37.10%
From $0.62 to $0.85 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.28 out of 5 stars

Retail/Wholesale Sector

194th out of 204 stocks

Food & Kindred Products Industry

14th out of 14 stocks


SOVO stock logo

About Sovos Brands Stock (NASDAQ:SOVO)

Sovos Brands, Inc., through its subsidiaries, operates as a consumer-packaged food company that manufactures and distributes consumer food products in the United States. The company operates in two segments, Dinner and Sauces, and Breakfast and Snacks. It provides pasta sauces, dry pasta, soups, frozen entrees, frozen pizza, yogurts, pancake and waffle mixes, other baking mixes, and frozen waffles under the Rao's, Michael Angelo's, noosa, and Birch Benders brands. The company sells its products principally to retail outlets and wholesale distributors, including traditional supermarkets, mass merchants, warehouse clubs, wholesalers, specialty food distributors, military commissaries, and non-food outlets, such as drug store chains, dollar stores, and e-commerce retailers. Sovos Brands, Inc. was incorporated in 2017 and is headquartered in Louisville, Colorado.

SOVO Stock Price History

SOVO Stock News Headlines

MarketBeat ‘Stock of the Week’: J&J Snack Foods gets tastier (SOVO)
J&J Snack Foods is a leading food and drink company that has the potential to be a safe, dividend-paying bet for stock investors.
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
NOG Apr 2024 36.000 call
PE dealmakers temper 2024 M&A expectations
Telsey Advisory Reaffirms Their Hold Rating on Sovos Brands (SOVO)
Critical asset just had biggest fall on record
What many consider America's critical financial asset suffers biggest fall on record. Expert says: "it's very bad for millions, protect yourself now."
Sovos Brands (SOVO) Set to Announce Quarterly Earnings on Wednesday
SOVO Mar 2024 21.000 put
Campbell Soup: Sovos Acquisition Has Risks
See More Headlines
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Company Calendar

Last Earnings
11/08/2023
Today
2/27/2024
Next Earnings (Confirmed)
2/28/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Food & kindred products
Sub-Industry
N/A
Current Symbol
NASDAQ:SOVO
Fax
N/A
Employees
690
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$23.06
High Stock Price Target
$24.00
Low Stock Price Target
$22.50
Potential Upside/Downside
+2.2%
Consensus Rating
Hold
Rating Score (0-4)
2.13
Research Coverage
8 Analysts

Profitability

Net Income
$-53,450,000.00
Pretax Margin
-1.33%

Debt

Sales & Book Value

Annual Sales
$878.37 million
Cash Flow
$1.00 per share
Book Value
$4.71 per share

Miscellaneous

Free Float
93,437,000
Market Cap
$2.29 billion
Optionable
Optionable
Beta
0.01
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Key Executives

  • Mr. Todd R. LachmanMr. Todd R. Lachman (Age 61)
    Founder, CEO & Director
    Comp: $2.71M
  • Mr. E. Yuri Hermida (Age 50)
    President
    Comp: $691.55k
  • Mr. Kirk A. Jensen (Age 49)
    Chief Operating Officer
    Comp: $983.75k
  • Mr. Christopher W. Hall (Age 62)
    Chief Financial Officer
    Comp: $721.54k
  • Ms. Lisa Y. O'Driscoll (Age 49)
    Chief Administrative Officer
  • Mr. Joshua Levine
    Vice President of Investor Relations
  • Ms. Isobel A. Jones Esq. (Age 57)
    Chief Legal Officer, General Counsel & Secretary
  • Ms. Risa Cretella (Age 43)
    Chief Sales Officer
  • Ms. Katie J. Gvazdinskas (Age 44)
    Chief Human Resources Officer
  • Mr. Lance Byers
    Senior Vice President of Logistics & Customer Service














SOVO Stock Analysis - Frequently Asked Questions

Should I buy or sell Sovos Brands stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sovos Brands in the last year. There are currently 7 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" SOVO shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SOVO, but not buy additional shares or sell existing shares.
View SOVO analyst ratings
or view top-rated stocks.

What is Sovos Brands' stock price target for 2024?

8 brokerages have issued twelve-month price targets for Sovos Brands' shares. Their SOVO share price targets range from $22.50 to $24.00. On average, they expect the company's share price to reach $23.06 in the next twelve months. This suggests a possible upside of 2.2% from the stock's current price.
View analysts price targets for SOVO
or view top-rated stocks among Wall Street analysts.

How have SOVO shares performed in 2024?

Sovos Brands' stock was trading at $22.03 at the beginning of 2024. Since then, SOVO stock has increased by 2.5% and is now trading at $22.57.
View the best growth stocks for 2024 here
.

When is Sovos Brands' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our SOVO earnings forecast
.

How were Sovos Brands' earnings last quarter?

Sovos Brands, Inc. (NASDAQ:SOVO) posted its earnings results on Wednesday, November, 8th. The company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.04. The firm earned $257.90 million during the quarter, compared to the consensus estimate of $227.73 million. Sovos Brands had a positive trailing twelve-month return on equity of 15.34% and a negative net margin of 1.42%. The business's revenue was up 23.5% compared to the same quarter last year. During the same period last year, the business earned $0.14 earnings per share.

What ETFs hold Sovos Brands' stock?

ETFs with the largest weight of Sovos Brands (NASDAQ:SOVO) stock in their portfolio include Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL) and First Trust Small Cap Growth AlphaDEX Fund (FYC).First Trust Small Cap Core AlphaDEX Fund (FYX).

When did Sovos Brands IPO?

(SOVO) raised $350 million in an IPO on Thursday, September 23rd 2021. The company issued 23,334,000 shares at $14.00-$16.00 per share.

Who are Sovos Brands' major shareholders?

Sovos Brands' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (5.28%), Alpine Associates Management Inc. (3.94%), FIL Ltd (3.24%), Westchester Capital Management LLC (3.17%), Water Island Capital LLC (2.90%) and PSquared Asset Management AG (2.41%). Insiders that own company stock include Christopher W Hall, International Corp/Ma Advent, Katie Gvazdinskas, Kirk A Jensen, Lisa Y O'driscoll, Priscilla Tuan, Risa Cretella, Robert L Graves, Todd R Lachman and Yuri Hermida.
View institutional ownership trends
.

How do I buy shares of Sovos Brands?

Shares of SOVO stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SOVO) was last updated on 2/27/2024 by MarketBeat.com Staff