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 year. There are currently 7 hold ratings for the stock. The consensus among Wall Street 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 analysts have issued 12-month price targets for Sovos Brands' shares. Their SOVO share price targets range from $22.50 to $24.00. On average, they predict the company's share price to reach $23.06 in the next twelve months. 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 results on Wednesday, February, 28th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.06. The firm had revenue of $292.05 million for the quarter, compared to analyst estimates 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 ETFs hold Sovos Brands' stock?

ETFs with the largest weight of Sovos Brands (NASDAQ:SOVO) stock in their portfolio include AltShares Merger Arbitrage ETF (ARB) and First Trust Small Cap Growth AlphaDEX Fund (FYC) . First Trust Small Cap Core AlphaDEX Fund (FYX) .

When did Sovos Brands IPO?

Sovos Brands (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.

NASDAQ:SOVO

Sovos Brands (SOVO) Stock Price, News & Analysis

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Notice: This company has been marked as potentially delisted and may not be actively trading.

Compare

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

Stock Analysis Analyst Forecasts Earnings Headlines Insider Trades Ownership Short Interest Social Media

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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.

0.35 out of 5 stars

Consumer Defensive Sector

6th out of 6 stocks

Packaged Foods Industry

2nd out of 2 stocks

1.0

Analyst's Opinion

Consensus Rating
Sovos Brands has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 7 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Sovos Brands has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for SOVO.

0.0

Dividend Strength

Dividend Yield
Sovos Brands does not currently pay a dividend.
Dividend Growth
Sovos Brands does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for SOVO.

0.0

News and Social Media Coverage

News Coverage This Week
MarketBeat has tracked 1 news article for Sovos Brands this week, compared to 4 articles on an average week.
Search Interest
Only 1 people have searched for SOVO on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Sovos Brands to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In 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 $490,143.00 in company stock.
Percentage Held by Insiders
Only 8.10% of the stock of Sovos Brands is held by insiders.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Sovos Brands are expected to grow by 20.43% in the coming year, from $0.93 to $1.12 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sovos Brands is 79.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 144.19.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sovos Brands is 79.24, which means that it is trading at a less expensive P/E ratio than the Consumer Defensive sector average P/E ratio of about 231.74.
Price to Earnings Growth Ratio
Sovos Brands has a PEG Ratio of 1.44. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Sovos Brands has a P/B Ratio of 4.40. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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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.

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SOVO Stock News Headlines

April 13, 2024 | americanbankingnews.com

Sovos Brands, Inc. (NASDAQ:SOVO) Given Average Recommendation of "Hold" by Brokerages

April 7, 2024 | bizjournals.com

Denver Botanic Gardens to start $40M Chatfield Farms improvement project

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April 6, 2024 | forbes.com

The Market Opportunity For Chili Crunch Is Huge, So The Battle Heats Up

April 3, 2024 | msn.com

Sovos and PwC in Belgium announce partnership to accelerate e-invoicing implementation

March 14, 2024 | msn.com

Campbell's Soup Acquires Major Well-Known Food Brand

March 12, 2024 | bizjournals.com

Campbell's creates division for Rao’s Homemade parent as $2.7 billion deal closes

March 12, 2024 | bizjournals.com

Campbell's creates division for Sovos Brands as $2.7 billion deal closes

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March 7, 2024 | finance.yahoo.com

Campbell Soup Co (CPB) Reports Mixed Fiscal Q2 2024 Results Amidst Pending Sovos Brands Acquisition

March 6, 2024 | wsj.com

Campbell Soup Sales Slip on Lower Volumes

March 6, 2024 | wsj.com

Campbell Soup Sales Slip on Lower Volumes; Stock Rallies

March 6, 2024 | msn.com

Campbell Posts Narrow Earnings Beat, Looks Ahead to Sovos Acquisition

March 5, 2024 | msn.com

Sovos Brands ticks higher amid Nasdaq delisting notice for Campbell Soup sale

March 1, 2024 | benzinga.com

Recap: Sovos Brands Q4 Earnings

March 1, 2024 | bizjournals.com

Rao's Homemade sales push Colorado company past $1B as Campbell's deal closure looms

February 29, 2024 | markets.businessinsider.com

Stifel Nicolaus Keeps Their Hold Rating on Sovos Brands (SOVO)

February 29, 2024 | markets.businessinsider.com

Piper Sandler Reaffirms Their Hold Rating on Sovos Brands (SOVO)

February 29, 2024 | finanznachrichten.de

Sovos Brands, Inc.: Sovos Brands Reports Fourth Quarter and Fiscal Year 2023 Financial Results

February 28, 2024 | finance.yahoo.com

Sovos Brands Inc (SOVO) Surpasses $1 Billion in Net Sales with Robust Year-Over-Year Growth

February 28, 2024 | globenewswire.com

Sovos Brands Reports Fourth Quarter and Fiscal Year 2023 Financial Results

February 28, 2024 | markets.businessinsider.com

Sovos Brands is about to announce earnings — here's what Wall Street expects

February 27, 2024 | finance.yahoo.com

BFG Partners Activates Third Fund

February 23, 2024 | finance.yahoo.com

NOG Apr 2024 36.000 call

February 23, 2024 | axios.com

PE dealmakers temper 2024 M&A expectations

February 23, 2024 | markets.businessinsider.com

Telsey Advisory Reaffirms Their Hold Rating on Sovos Brands (SOVO)

February 22, 2024 | benzinga.com

Sovos Brands Stock (NASDAQ:SOVO) Dividends: History, Yield and Dates

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Company Calendar

Last Earnings: 2/28/2024
Today: 4/19/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 12/31/2024

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Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Consumer Defensive
Industry: Packaged Foods
Sub-Industry: N/A
Current Symbol: NASDAQ:SOVO
CUSIP: N/A
CIK: 1856608
Web: www.sovosbrands.com
Phone: 720-316-1225
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

EPS (Most Recent Fiscal Year): $0.29
Trailing P/E Ratio: 79.24
Forward P/E Ratio: 24.71
P/E Growth: 1.44
Net Income: $30.17 million
Net Margins: 2.96%
Pretax Margin: 4.56%
Return on Equity: 16.33%
Return on Assets: 6.96%

Debt

Debt-to-Equity Ratio: 0.91
Current Ratio: 2.90
Quick Ratio: 2.26

Sales & Book Value

Annual Sales: $1.02 billion
Price / Sales: 2.29
Cash Flow: $1.16 per share
Price / Cash Flow: 19.75
Book Value: $5.22 per share
Price / Book: 4.40

Miscellaneous

Outstanding Shares: 101,856,000
Free Float: 93,606,000
Market Cap: $2.34 billion
Optionable: Optionable
Beta: 0.02

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Key Executives

Mr. 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

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SOVO Stock Analysis - 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 year. There are currently 7 hold ratings for the stock. The consensus among Wall Street 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 analysts have issued 12-month price targets for Sovos Brands' shares. Their SOVO share price targets range from $22.50 to $24.00. On average, they predict the company's share price to reach $23.06 in the next twelve months. 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 results on Wednesday, February, 28th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.20 by $0.06. The firm had revenue of $292.05 million for the quarter, compared to analyst estimates 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 ETFs hold Sovos Brands' stock?: ETFs with the largest weight of Sovos Brands (NASDAQ:SOVO) stock in their portfolio include AltShares Merger Arbitrage ETF (ARB) and First Trust Small Cap Growth AlphaDEX Fund (FYC).First Trust Small Cap Core AlphaDEX Fund (FYX).
When did Sovos Brands IPO?: Sovos Brands (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.

This page (NASDAQ:SOVO) was last updated on 4/19/2024 by MarketBeat.com Staff

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Sovos Brands (SOVO) Stock Price, News & Analysis

Sovos Brands MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Sovos Brands Stock (NASDAQ:SOVO)

SOVO Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders & Institutions

SOVO Stock Analysis - Frequently Asked Questions

Overall MarketRank^™