NASDAQ:SOVO Sovos Brands (SOVO) Stock Forecast, Price & News $19.11 +0.28 (+1.49%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$18.70▼$19.1250-Day Range$16.50▼$19.2052-Week Range$12.50▼$20.58Volume591,981 shsAverage Volume469,611 shsMarket Capitalization$1.93 billionP/E RatioN/ADividend YieldN/APrice Target$19.93 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial MediaProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesSEC FilingsShort InterestSocial Media Sovos Brands MarketRank™ ForecastAnalyst RatingModerate Buy2.86 Rating ScoreUpside/Downside4.3% Upside$19.93 Price TargetShort InterestBearish7.21% of Float Sold ShortDividend StrengthN/ASustainabilityN/ANews Sentiment0.11Based on 7 Articles This WeekInsider TradingSelling Shares$13.28 M Sold Last QuarterProj. Earnings Growth16.92%From $0.65 to $0.76 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.93 out of 5 starsRetail/Wholesale Sector137th out of 204 stocksFood & Kindred Products Industry12th out of 17 stocks 2.4 Analyst's Opinion Consensus RatingSovos Brands has received a consensus rating of Buy. The company's average rating score is 2.86, and is based on 6 buy ratings, 1 hold rating, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $19.93, Sovos Brands has a forecasted upside of 4.3% from its current price of $19.11.Amount of Analyst CoverageSovos Brands has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 1.0 Short Interest Percentage of Shares Shorted7.21% of the float of Sovos Brands has been sold short.Short Interest Ratio / Days to CoverSovos Brands has a short interest ratio ("days to cover") of 6.Change versus previous monthShort interest in Sovos Brands has recently increased by 8.74%, indicating that investor sentiment is decreasing significantly. Previous Next 0.0 Dividend Strength Dividend YieldSovos Brands does not currently pay a dividend.Dividend GrowthSovos Brands does not have a long track record of dividend growth. Previous Next N/A Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for SOVO. Previous Next 2.8 News and Social Media Coverage News SentimentSovos Brands has a news sentiment score of 0.11. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.49 average news sentiment score of Retail/Wholesale companies.News Coverage This WeekMarketBeat has tracked 7 news articles for Sovos Brands this week, compared to 3 articles on an average week.Search Interest10 people have searched for SOVO on MarketBeat in the last 30 days. This is an increase of 900% compared to the previous 30 days.MarketBeat Follows2 people have added Sovos Brands to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Sovos Brands insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $13,276,999.00 in company stock.Percentage Held by InsidersOnly 9.20% of the stock of Sovos Brands is held by insiders.Percentage Held by Institutions91.64% of the stock of Sovos Brands is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for Sovos Brands are expected to grow by 16.92% in the coming year, from $0.65 to $0.76 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of Sovos Brands is -39.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Sovos Brands is -39.00, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioSovos Brands has a PEG Ratio of 2.39. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioSovos Brands has a P/B Ratio of 3.96. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About Sovos Brands (NASDAQ:SOVO) StockSovos Brands, Inc., through its subsidiaries, manufactures and distributes consumer food products in the United States. The company operates in two segments, Dinners & Sauces, and Breakfast & Snacks. It provides pasta sauces, dry pasta, soups, frozen entrees, 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 founded in 1983 and is headquartered in Louisville, Colorado.Read More Receive SOVO Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Sovos Brands and its competitors with MarketBeat's FREE daily newsletter. Email Address SOVO Stock News HeadlinesJune 1, 2023 | msn.comNeedham Initiates Coverage of Sovos Brands (SOVO) with Buy RecommendationMay 31, 2023 | markets.businessinsider.com11 Analysts Have This to Say About Sovos BrandsJune 3, 2023 | Legacy Research (Affiliate) (Ad)“One-Stock Millionaire” IGNORES 99.9% of the MarketDuring the 2008 financial crisis, millionaire trader Jeff Clark stunned the world when he managed to double his readers’ money 26 TIMES… CNBC caught wind of this and asked Jeff to come on live TV to explain his secret.May 31, 2023 | msn.comSovos Brands lands Buy rating from Needham with Rao's expected to be a billion-dollar brandMay 31, 2023 | cnbc.comNeedham says this premium pasta sauce company could rally more than 20%May 31, 2023 | americanbankingnews.comNeedham & Company LLC Begins Coverage on Sovos Brands (NASDAQ:SOVO)May 27, 2023 | americanbankingnews.comSovos Brands, Inc. (NASDAQ:SOVO) COO Sells $352,400.00 in StockMay 26, 2023 | americanbankingnews.comSovos Brands, Inc. (NASDAQ:SOVO) Insider Katie Gvazdinskas Sells 5,903 SharesJune 3, 2023 | Vantage Point (Ad)Having Trouble in Your Trading?If you’re having issues in your trading, it could be that it's not you - it really is the market… Well, you’re in control. You can sit on the sideline when it feels right or anticipate massive trend reversals with A.I. like I’ll show you in this upcoming FREE Live A.I. Stock Market Training. May 22, 2023 | americanbankingnews.comSovos Brands, Inc. (NASDAQ:SOVO) Director Sells $6,055,000.00 in StockMay 18, 2023 | americanbankingnews.comSovos Brands (NASDAQ:SOVO) Shares Gap Down to $18.63May 17, 2023 | finance.yahoo.comThe Return Trends At Sovos Brands (NASDAQ:SOVO) Look PromisingMay 17, 2023 | americanbankingnews.comAnalysts Set Sovos Brands, Inc. (NASDAQ:SOVO) PT at $19.00May 17, 2023 | americanbankingnews.comBrokers Issue Forecasts for Sovos Brands, Inc.'s Q2 2023 Earnings (NASDAQ:SOVO)May 16, 2023 | finance.yahoo.comWhat Makes Sovos Brands, Inc. (SOVO) a Strong Momentum Stock: Buy Now?May 16, 2023 | msn.comRao’s pasta parent Sovos Brands stock falls after public share offering prices at 6.1% discountMay 16, 2023 | msn.comSovos Brands down 6% on 10M share secondary offeringMay 16, 2023 | americanbankingnews.comFY2023 EPS Estimates for Sovos Brands, Inc. (NASDAQ:SOVO) Boosted by William BlairMay 15, 2023 | seekingalpha.comSovos Brands says selling stockholders to offer 10M sharesMay 14, 2023 | americanbankingnews.comStifel Nicolaus Raises Sovos Brands (NASDAQ:SOVO) Price Target to $21.00May 14, 2023 | americanbankingnews.comRisa Cretella Sells 12,182 Shares of Sovos Brands, Inc. (NASDAQ:SOVO) StockMay 13, 2023 | americanbankingnews.comSovos Brands (NASDAQ:SOVO) Price Target Raised to $22.00 at BarclaysMay 13, 2023 | americanbankingnews.comSovos Brands (NASDAQ:SOVO) Price Target Raised to $24.00 at Loop CapitalMay 13, 2023 | americanbankingnews.comSovos Brands (NASDAQ:SOVO) Hits New 12-Month High Following Analyst UpgradeMay 12, 2023 | finance.yahoo.comZacks Industry Outlook Highlights Performance Food Group, Sprouts Farmers Market and Sovos BrandsMay 12, 2023 | markets.businessinsider.comBarclays Keeps Their Buy Rating on Sovos Brands (SOVO)May 11, 2023 | msn.comUnusual Call Option Trade in Sovos Brands (SOVO) Worth $245.12KSee More Headlines SOVO Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart SOVO Company Calendar Last Earnings3/08/2023Today6/02/2023Next Earnings (Estimated)8/02/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Food & kindred products Sub-IndustryN/A SectorRetail/Wholesale Current SymbolNASDAQ:SOVO CUSIPN/A CIK1856608 Webwww.sovosbrands.com Phone720-316-1225FaxN/AEmployees608Year FoundedN/APrice Target and Rating Average Stock Price Forecast$19.93 High Stock Price Forecast$24.00 Low Stock Price Forecast$16.00 Forecasted Upside/Downside+4.3%Consensus RatingModerate Buy Rating Score (0-4)2.86 Research Coverage7 Analysts Profitability EPS (Most Recent Fiscal Year)($0.49) Trailing P/E RatioN/A Forward P/E Ratio29.40 P/E Growth2.39Net Income$-53,450,000.00 Net Margins-5.39% Pretax Margin-6.56% Return on Equity13.24% Return on Assets5.56% Debt Debt-to-Equity Ratio0.99 Current Ratio2.97 Quick Ratio2.23 Sales & Book Value Annual Sales$878.37 million Price / Sales2.20 Cash Flow$1.00 per share Price / Cash Flow19.05 Book Value$4.83 per share Price / Book3.96Miscellaneous Outstanding Shares101,230,000Free Float91,913,000Market Cap$1.93 billion OptionableNot Optionable Beta0.12 Key ExecutivesMr. Todd R. Lachman (Age 60)Founder, Pres, CEO & Director Comp: $1.82MMr. Christopher W. Hall (Age 61)Chief Financial Officer Comp: $721.54kMr. Robert L. Graves (Age 56)VP of Strategic Initiatives & Director Comp: $398.6kMr. Kirk A. Jensen (Age 48)Chief Operating Officer Ms. Lisa Y. O'Driscoll (Age 48)Chief Admin. Officer Mr. Joshua LevineVP of Investor RelationsMs. Isobel A. Jones Esq. (Age 56)Chief Legal Officer, Gen. Counsel & Sec. Ms. Priscilla Tuan (Age 51)Chief Marketing Officer Mr. Jason ParascoSr. VP & Head of SalesMs. Katie J. Gvazdinskas (Age 43)Chief HR Officer More ExecutivesKey CompetitorsTecnoglassNASDAQ:TGLSArcos DoradosNYSE:ARCOFarfetchNYSE:FTCHJack in the BoxNASDAQ:JACKQurate RetailNASDAQ:QRTEBView All CompetitorsInsiders & InstitutionsPrelude Capital Management LLCBought 15,935 shares on 6/1/2023Ownership: 0.016%Kirk A JensenSold 20,000 sharesTotal: $352,400.00 ($17.62/share)Katie GvazdinskasSold 5,903 sharesTotal: $103,066.38 ($17.46/share)JPMorgan Chase & Co.Bought 18,852 shares on 5/18/2023Ownership: 0.070%New York State Common Retirement FundSold 136,544 shares on 5/18/2023Ownership: 0.018%View All Insider TransactionsView All Institutional Transactions SOVO Stock - Frequently Asked Questions Should I buy or sell Sovos Brands stock right now? 7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sovos Brands in the last twelve months. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SOVO shares. View SOVO analyst ratings or view top-rated stocks. What is Sovos Brands' stock price forecast for 2023? 7 brokers have issued 1 year target prices for Sovos Brands' stock. Their SOVO share price forecasts range from $16.00 to $24.00. On average, they predict the company's stock price to reach $19.93 in the next twelve months. This suggests a possible upside of 4.3% 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 2023? Sovos Brands' stock was trading at $14.37 at the beginning of 2023. Since then, SOVO stock has increased by 33.0% and is now trading at $19.11. View the best growth stocks for 2023 here. When is Sovos Brands' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023. View our SOVO earnings forecast. How were Sovos Brands' earnings last quarter? Sovos Brands, Inc. (NASDAQ:SOVO) posted its earnings results on Wednesday, March, 8th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.02. The firm had revenue of $262.10 million for the quarter, compared to the consensus estimate of $231.49 million. Sovos Brands had a positive trailing twelve-month return on equity of 13.24% and a negative net margin of 5.39%. The firm's revenue was up 38.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.13 earnings per share. What ETFs hold Sovos Brands' stock? ETFs with the largest weight of Sovos Brands (NASDAQ:SOVO) stock in their portfolio include Innovator IBD Breakout Opportunities ETF (BOUT), First Trust Small Cap Growth AlphaDEX Fund (FYC), Vanguard Consumer Staples ETF (VDC).Fidelity MSCI Consumer Staples Index ETF (FSTA), What guidance has Sovos Brands issued on next quarter's earnings? Sovos Brands updated its FY 2023 earnings guidance on Friday, May, 12th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $935.00 million-$955.00 million, compared to the consensus revenue estimate of $920.08 million. 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. What is Sovos Brands' stock symbol? Sovos Brands trades on the NASDAQ under the ticker symbol "SOVO." Who are Sovos Brands' major shareholders? Sovos Brands' stock is owned by a number of retail and institutional investors. Top institutional investors include Wellington Management Group LLP (6.13%), BlackRock Inc. (3.50%), FMR LLC (3.09%), Champlain Investment Partners LLC (2.98%), Ranger Investment Management L.P. (1.33%) and American Century Companies Inc. (0.83%). 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 and Todd R Lachman. 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab. Compare Top Brokerages Here. What is Sovos Brands' stock price today? One share of SOVO stock can currently be purchased for approximately $19.11. How much money does Sovos Brands make? Sovos Brands (NASDAQ:SOVO) has a market capitalization of $1.93 billion and generates $878.37 million in revenue each year. The company earns $-53,450,000.00 in net income (profit) each year or ($0.49) on an earnings per share basis. How many employees does Sovos Brands have? The company employs 608 workers across the globe. How can I contact Sovos Brands? Sovos Brands' mailing address is 168 CENTENNIAL PARKWAY SUITE 200, LOUISVILLE CO, 80027. The official website for the company is www.sovosbrands.com. The company can be reached via phone at 720-316-1225 or via email at ir@sovosbrands.com. This page (NASDAQ:SOVO) was last updated on 6/3/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Adding Sovos Brands, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. 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