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MSFT   246.96 (-0.18%)
META   116.73 (+1.21%)
GOOGL   93.42 (-0.31%)
AMZN   89.59 (-0.84%)
TSLA   181.50 (+4.65%)
NVDA   173.32 (+0.95%)
NIO   12.86 (-4.10%)
BABA   92.32 (-1.96%)
AMD   69.64 (-1.18%)
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DIS   93.96 (+1.52%)
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QQQ   284.38 (+0.19%)
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MSFT   246.96 (-0.18%)
META   116.73 (+1.21%)
GOOGL   93.42 (-0.31%)
AMZN   89.59 (-0.84%)
TSLA   181.50 (+4.65%)
NVDA   173.32 (+0.95%)
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BABA   92.32 (-1.96%)
AMD   69.64 (-1.18%)
T   19.19 (+0.37%)
MU   55.52 (+0.58%)
CGC   2.93 (-5.18%)
F   13.22 (+0.76%)
GE   82.27 (-1.63%)
DIS   93.96 (+1.52%)
AMC   5.82 (-4.12%)
PYPL   74.18 (-0.05%)
PFE   51.90 (+0.23%)
NFLX   323.76 (+4.35%)
NASDAQ:SOVO

Sovos Brands - SOVO Stock Forecast, Price & News

$13.03
-0.17 (-1.29%)
(As of 12/9/2022 02:33 PM ET)
Add
Compare
Today's Range
$12.88
$13.15
50-Day Range
$13.20
$14.58
52-Week Range
$9.52
$17.41
Volume
19,135 shs
Average Volume
238,714 shs
Market Capitalization
$1.32 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$16.50

Sovos Brands MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
24.7% Upside
$16.33 Price Target
Short Interest
Healthy
4.52% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.84mentions of Sovos Brands in the last 14 days
Based on 7 Articles This Week
Insider Trading
Selling Shares
$1.45 M Sold Last Quarter
Proj. Earnings Growth
12.07%
From $0.58 to $0.65 Per Share

Overall MarketRank

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

1.74 out of 5 stars

Retail/Wholesale Sector

121st out of 212 stocks

Food & Kindred Products Industry

9th out of 16 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

Sovos Brands (NASDAQ:SOVO) Lowered to "Neutral" at UBS Group
Sovos Brands, Inc. (SOVO) Matches Q3 Earnings Estimates
Sovos Brands Reports Third Quarter 2022 Financial Results
Sovos Brands Inc
Sovos Brands Announces Third Quarter 2022 Earnings Date
Sovos Brands: Strong Growth Continues
Sovos Brands, Inc. (SOVO)
SFM vs. SOVO: Which Stock Is the Better Value Option?
See More Headlines
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SOVO Company Calendar

Last Earnings
11/02/2022
Today
12/09/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
3/21/2023

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
$16.33
High Stock Price Forecast
$17.00
Low Stock Price Forecast
$16.00
Forecasted Upside/Downside
+26.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$1.92 million
Pretax Margin
-4.60%

Debt

Sales & Book Value

Annual Sales
$719.19 million
Cash Flow
$0.87 per share
Book Value
$5.05 per share

Miscellaneous

Free Float
91,673,000
Market Cap
$1.32 billion
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Todd R. LachmanMr. Todd R. Lachman (Age 59)
    Founder, Pres, CEO & Director
    Comp: $1.82M
  • Mr. Christopher W. Hall (Age 60)
    Chief Financial Officer
    Comp: $721.54k
  • Mr. Robert L. Graves (Age 55)
    VP of Strategic Initiatives & Director
    Comp: $398.6k
  • Mr. Kirk A. Jensen (Age 47)
    Chief Operating Officer
  • Ms. Lisa Y. O'Driscoll (Age 47)
    Chief Admin. Officer
  • Mr. Joshua Levine
    VP of Investor Relations
  • Ms. Isobel A. Jones Esq. (Age 55)
    Chief Legal Officer, Gen. Counsel & Sec.
  • Ms. Priscilla Tuan (Age 50)
    Chief Marketing Officer
  • Mr. Jason Parasco
    Sr. VP & Head of Sales
  • Ms. Katie J. Gvazdinskas (Age 42)
    Chief HR Officer













SOVO Stock - Frequently Asked Questions

Should I buy or sell Sovos Brands stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sovos Brands in the last year. There are currently 1 hold rating and 2 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?

3 brokerages have issued 1 year price objectives for Sovos Brands' stock. Their SOVO share price forecasts range from $16.00 to $17.00. On average, they expect the company's stock price to reach $16.50 in the next year. This suggests a possible upside of 25.0% 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 2022?

Sovos Brands' stock was trading at $15.05 on January 1st, 2022. Since then, SOVO stock has decreased by 12.3% and is now trading at $13.20.
View the best growth stocks for 2022 here
.

When is Sovos Brands' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 21st 2023.
View our SOVO earnings forecast
.

How were Sovos Brands' earnings last quarter?

Sovos Brands, Inc. (NASDAQ:SOVO) released its quarterly earnings results on Wednesday, November, 2nd. The company reported $0.14 EPS for the quarter, hitting analysts' consensus estimates of $0.14. The firm earned $208.91 million during the quarter, compared to analysts' expectations of $199.65 million. Sovos Brands had a positive trailing twelve-month return on equity of 10.66% and a negative net margin of 3.55%. The company's revenue for the quarter was up 16.9% on a year-over-year basis. During the same period last year, the firm posted $0.10 earnings per share.

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

Sovos Brands updated its FY 2022 earnings guidance on Wednesday, November, 9th. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $840.00 million-$850.00 million, compared to the consensus revenue estimate of $833.11 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 shareholders include Vanguard Group Inc. (3.62%), BlackRock Inc. (2.85%), Macquarie Group Ltd. (0.81%), Lisanti Capital Growth LLC (0.61%), State Street Corp (0.54%) and Thornburg Investment Management Inc. (0.42%). Insiders that own company stock include International Corp/Ma Advent, Lisa Y O'driscoll, 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 $13.20.

How much money does Sovos Brands make?

Sovos Brands (NASDAQ:SOVO) has a market capitalization of $1.33 billion and generates $719.19 million in revenue each year. The company earns $1.92 million in net income (profit) each year or ($0.29) 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 12/9/2022 by MarketBeat.com Staff