Sovos Brands Stock Forecast, Price & News

Sovos Brands (NASDAQ:SOVO) Frequently Asked Questions

Is Sovos Brands a buy right now?

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sovos Brands in the last year. There are currently 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Sovos Brands stock.
View analyst ratings for Sovos Brands or view top-rated stocks.

When is Sovos Brands' next earnings date?

Sovos Brands is scheduled to release its next quarterly earnings announcement on Tuesday, February 8th 2022.
View our earnings forecast for Sovos Brands.

How were Sovos Brands' earnings last quarter?

Sovos Brands Inc (NASDAQ:SOVO) posted its earnings results on Monday, November, 8th. The company reported $0.10 EPS for the quarter, beating the consensus estimate of $0.07 by $0.03. The firm had revenue of $178.73 million for the quarter, compared to the consensus estimate of $169.51 million.
View Sovos Brands' earnings history.

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

Sovos Brands issued an update on its FY 2021 earnings guidance on Tuesday, November, 30th. The company provided EPS guidance of for the period. The company issued revenue guidance of $710 million-$715 million, compared to the consensus revenue estimate of $702.14 million.

What price target have analysts set for SOVO?

11 brokers have issued 12 month price targets for Sovos Brands' stock. Their forecasts range from $16.00 to $20.00. On average, they expect Sovos Brands' share price to reach $18.00 in the next year. This suggests a possible upside of 18.1% from the stock's current price.
View analysts' price targets for Sovos Brands or view top-rated stocks among Wall Street analysts.

Who are some of Sovos Brands' key competitors?

Some companies that are related to Sovos Brands include Flowers Foods (FLO), Oatly Group (OTLY), Beyond Meat (BYND), Nomad Foods (NOMD), Tate & Lyle (TATYY), The Hain Celestial Group (HAIN), Simply Good Foods (SMPL), B&G Foods (BGS), Benson Hill (BHIL), BellRing Brands (BRBR), Vital Farms (VITL), TDH (PETZ), Laird Superfood (LSF), MeaTech 3D (MITC) and Innovator Laddered Fund of S&P 500 Power Buffer ETFs (BUFF).
View all of SOVO's competitors.

When did Sovos Brands IPO?

(SOVO) raised $350 million in an initial public offering (IPO) 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."

When did the company's quiet period expire?

Sovos Brands' quiet period expired on Tuesday, November 2nd. Sovos Brands had issued 23,334,000 shares in its IPO on September 23rd. The total size of the offering was $280,008,000 based on an initial share price of $12.00. During the company's quiet period, insiders and underwriters that worked on the IPO were prevented from issuing any earnings forecasts or research reports for the company because of SEC regulations. Now that the company's quiet period has ended, brokerages that served as underwriters are now able to initiate research on the company.

Who are Sovos Brands' major shareholders?

Sovos Brands' stock is owned by many different institutional and retail investors. Top institutional shareholders include Wellington Management Group LLP (5.75%), Capital World Investors (3.30%), American Century Companies Inc. (1.95%), Millennium Management LLC (1.28%), Schroder Investment Management Group (1.28%) and Candlestick Capital Management LP (1.02%).

Which major investors are buying Sovos Brands stock?

SOVO stock was bought by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Capital World Investors, American Century Companies Inc., Millennium Management LLC, Schroder Investment Management Group, Candlestick Capital Management LP, Citadel Advisors LLC, and Ghisallo Capital Management LLC.

How do I buy shares of Sovos Brands?

Shares of SOVO 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.
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What is Sovos Brands' stock price today?

One share of SOVO stock can currently be purchased for approximately $15.24.

How much money does Sovos Brands make?

Sovos Brands has a market capitalization of $1.54 billion.

How many employees does Sovos Brands have?

Sovos Brands employs 2,021 workers across the globe.

What is Sovos Brands' official website?

The official website for Sovos Brands is www.sovosbrands.com.

Where are Sovos Brands' headquarters?

Sovos Brands is headquartered at 168 CENTENNIAL PARKWAY SUITE 200, LOUISVILLE CO, 80027.

How can I contact Sovos Brands?

Sovos Brands' mailing address is 168 CENTENNIAL PARKWAY SUITE 200, LOUISVILLE CO, 80027. The company can be reached via email at [email protected].