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NASDAQ:SOVO

Sovos Brands (SOVO) Stock Forecast, Price & News

$18.36
-0.03 (-0.16%)
(As of 06/9/2023 ET)
Compare
Today's Range
$18.28
$18.59
50-Day Range
$16.55
$19.20
52-Week Range
$12.50
$20.58
Volume
682,766 shs
Average Volume
476,637 shs
Market Capitalization
$1.86 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$19.93

Sovos Brands MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.86 Rating Score
Upside/​Downside
7.8% Upside
$19.93 Price Target
Short Interest
Bearish
7.21% 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 2 Articles This Week
Insider Trading
Selling Shares
$13.28 M Sold Last Quarter
Proj. Earnings Growth
16.92%
From $0.65 to $0.76 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.49 out of 5 stars

Retail/Wholesale Sector

175th out of 209 stocks

Food & Kindred Products Industry

15th out of 17 stocks


SOVO stock logo

About Sovos Brands (NASDAQ:SOVO) Stock

Sovos 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.

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SOVO Stock News Headlines

BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
11 Analysts Have This to Say About Sovos Brands
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Sovos Brands (NASDAQ:SOVO) Shares Gap Down to $18.63
Analysts Set Sovos Brands, Inc. (NASDAQ:SOVO) PT at $19.00
Barclays Keeps Their Buy Rating on Sovos Brands (SOVO)
See More Headlines

SOVO Price History

SOVO Company Calendar

Last Earnings
3/08/2023
Today
6/09/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Food & kindred products
Sub-Industry
N/A
Current Symbol
NASDAQ:SOVO
Fax
N/A
Employees
608
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$19.93
High Stock Price Forecast
$24.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
+8.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.86
Research Coverage
7 Analysts

Profitability

Net Income
$-53,450,000.00
Pretax Margin
-6.56%

Debt

Sales & Book Value

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

Miscellaneous

Free Float
91,913,000
Market Cap
$1.86 billion
Optionable
Not Optionable
Beta
0.12

Key Executives

  • Mr. Todd R. LachmanMr. Todd R. Lachman (Age 60)
    Founder, Pres, CEO & Director
    Comp: $1.82M
  • Mr. Christopher W. Hall (Age 61)
    Chief Financial Officer
    Comp: $721.54k
  • Mr. Robert L. Graves (Age 56)
    VP of Strategic Initiatives & Director
    Comp: $398.6k
  • Mr. Kirk A. Jensen (Age 48)
    Chief Operating Officer
  • Ms. Lisa Y. O'Driscoll (Age 48)
    Chief Admin. Officer
  • Mr. Joshua Levine
    VP of Investor Relations
  • Ms. Isobel A. Jones Esq. (Age 56)
    Chief Legal Officer, Gen. Counsel & Sec.
  • Ms. Priscilla Tuan (Age 51)
    Chief Marketing Officer
  • Mr. Jason Parasco
    Sr. VP & Head of Sales
  • Ms. Katie J. Gvazdinskas (Age 43)
    Chief HR Officer













SOVO Stock - Frequently Asked Questions

Should I buy or sell Sovos Brands stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sovos Brands in the last year. There are currently 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street equities 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 equities research analysts have issued 1-year target prices for Sovos Brands' shares. Their SOVO share price forecasts range from $16.00 to $24.00. On average, they expect the company's share price to reach $19.93 in the next twelve months. This suggests a possible upside of 8.3% 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 on January 1st, 2023. Since then, SOVO stock has increased by 28.0% and is now trading at $18.40.
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) issued its earnings results on Wednesday, March, 8th. The company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of $0.17 by $0.02. The company had revenue of $262.10 million for the quarter, compared to analyst estimates 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 business's revenue for the quarter was up 38.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 EPS.

What ETFs hold Sovos Brands' stock?
What guidance has Sovos Brands issued on next quarter's earnings?

Sovos Brands issued an update on 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 initial public offering on Thursday, September 23rd 2021. The company issued 23,334,000 shares at a price of $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 many different retail and institutional investors. Top institutional shareholders 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 $18.40.

How much money does Sovos Brands make?

Sovos Brands (NASDAQ:SOVO) has a market capitalization of $1.86 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 6/9/2023 by MarketBeat.com Staff

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