NASDAQ:SOVO

Sovos Brands (SOVO) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$22.98
$22.98
50-Day Range
$22.19
$22.98
52-Week Range
$13.48
$23.00
Volume
N/A
Average Volume
1.85 million shs
Market Capitalization
$2.34 billion
P/E Ratio
79.24
Dividend Yield
N/A
Price Target
$23.06

Sovos Brands MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
0.4% Upside
$23.06 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$490,143 Sold Last Quarter
Proj. Earnings Growth
20.43%
From $0.93 to $1.12 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.

0.34 out of 5 stars

Consumer Defensive Sector

2nd out of 2 stocks

Packaged Foods Industry

2nd out of 2 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, distributes, and sells consumer food products in the United States. It operates in two segments, Dinner and Sauces, and Breakfast and Snacks. The company's principal products comprise 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, and noosa brands. It sells its products principally to retail outlets and wholesale distributors, including traditional supermarkets, mass merchants, warehouse clubs, wholesalers, specialty food distributors, and military commissaries, as well as non-food outlets, including drug store chains, dollar stores, and e-commerce retailers. Sovos Brands, Inc. was incorporated in 2017 and is headquartered in Louisville, Colorado. As of March 12, 2024, Sovos Brands, Inc. operates as a subsidiary of Campbell Soup Company.

SOVO Stock News Headlines

top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)
AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.
top AI stock (it’s not MSFT, GOOGL, AMZN or AAPL)
AI was by far the biggest tech investing trend right now. But Ross Givens says the #1 artificial intelligence stock[/lin] is NOT Microsoft, Google, Amazon or Apple. Nope — his research is pointing to a tiny, under-the-radar stock that’s trading for just a few dollars right now… And could soon shoot to the moon, handing early investors a windfall.
Recap: Sovos Brands Q4 Earnings
Stifel Nicolaus Keeps Their Hold Rating on Sovos Brands (SOVO)
Piper Sandler Reaffirms Their Hold Rating on Sovos Brands (SOVO)
BFG Partners Activates Third Fund
NOG Apr 2024 36.000 call
PE dealmakers temper 2024 M&A expectations
Telsey Advisory Reaffirms Their Hold Rating on Sovos Brands (SOVO)
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
4/24/2024
Next Earnings (Estimated)
5/08/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Packaged Foods
Sub-Industry
N/A
Current Symbol
NASDAQ:SOVO
Fax
N/A
Employees
751
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
+0.4%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
7 Analysts

Profitability

Net Income
$30.17 million
Pretax Margin
4.56%

Debt

Sales & Book Value

Annual Sales
$1.02 billion
Cash Flow
$1.16 per share
Book Value
$5.22 per share

Miscellaneous

Free Float
93,606,000
Market Cap
$2.34 billion
Optionable
Optionable
Beta
0.02
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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 49)
    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?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sovos Brands in the last twelve months. There are currently 7 hold ratings for the stock. The consensus among Wall Street equities research 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?

7 brokerages have issued 12-month price targets for Sovos Brands' stock. Their SOVO share price targets range from $22.50 to $24.00. On average, they anticipate the company's share price to reach $23.06 in the next year. This suggests a possible upside of 0.4% from the stock's current price.
View analysts price targets for SOVO
or view top-rated stocks among Wall Street analysts.

When is Sovos Brands' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our SOVO earnings forecast
.

How were Sovos Brands' earnings last quarter?

Sovos Brands, Inc. (NASDAQ:SOVO) issued its quarterly earnings data on Wednesday, February, 28th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.20 by $0.06. The firm earned $292.05 million during the quarter, compared to the consensus estimate of $271.10 million. Sovos Brands had a net margin of 2.96% and a trailing twelve-month return on equity of 16.33%.

What ETF holds Sovos Brands' stock?

AltShares Merger Arbitrage ETF holds 56,816 shares of SOVO stock, representing 2.12% of its portfolio.

When did Sovos Brands IPO?

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

This page (NASDAQ:SOVO) was last updated on 4/25/2024 by MarketBeat.com Staff

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