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Stock market today: Wall Street rises to more records to close out its latest winning month
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Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
3 Value Stocks Too Small For Buffett’s Portfolio
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
3 Value Stocks Too Small For Buffett’s Portfolio
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
S&P 500   5,254.35
DOW   39,807.37
QQQ   444.01
Stock market today: Wall Street rises to more records to close out its latest winning month
Delta Airline’s Put Option Activity Isn’t Bad News
Disney Stock Catches 3 Upgrades In a Single Week
7 Stocks That Will Drive the Weight Loss Drugs Market
3 Value Stocks Too Small For Buffett’s Portfolio
Walgreens Boots Alliance: Deep Value With Nowhere to Go But Up
Krispy Kreme's Sweet Deal: McDonald's Partnership Sparks Growth?
NASDAQ:SOVO

Sovos Brands (SOVO) Stock Price, News & Analysis

$22.98
+0.03 (+0.13%)
(As of 03/12/2024)
Today's Range
$22.96
$23.00
50-Day Range
$22.05
$22.98
52-Week Range
$13.48
$23.00
Volume
6.87 million shs
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
2.13 Rating Score
Upside/​Downside
0.4% Upside
$23.06 Price Target
Short Interest
Bearish
24.25% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Selling Shares
$1.10 M 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.

0.47 out of 5 stars

Consumer Defensive Sector

8th out of 8 stocks

Packaged Foods Industry

3rd out of 3 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 Price History

SOVO Stock News Headlines

Major Elon Musk Crypto Leak Revealed
Reports of a leaked meeting between Elon Musk and staff at X.com could send shockwaves through the crypto market. Musk revealed a "mind-blowing" plan to take over the global payment system. In his own words, the world's richest man said "you won't need a bank account." Prominent voices in crypto believe what comes next will mirror a crypto mass adoption similar to the one that triggered bitcoin's last bull run.
Urgent: Protect Your Investments from a Chinese Invasion
An alarming new reality is unfolding across America. The United States is bracing for the unthinkable - a potential Chinese invasion.
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)
SOVO Mar 2024 21.000 put
See More Headlines
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Company Calendar

Last Earnings
2/28/2024
Today
3/28/2024
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)
2.13
Research Coverage
8 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?

8 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 and 1 buy rating 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?

8 brokers have issued 1 year target prices for Sovos Brands' shares. 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 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.

How have SOVO shares performed in 2024?

Sovos Brands' stock was trading at $22.03 at the beginning of 2024. Since then, SOVO shares have increased by 4.3% and is now trading at $22.98.
View the best growth stocks for 2024 here
.

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) posted its earnings results on Wednesday, February, 28th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.20 by $0.06. The firm had revenue of $292.05 million for the quarter, compared to the consensus estimate of $271.10 million. Sovos Brands had a trailing twelve-month return on equity of 16.33% and a net margin of 2.96%.

What ETFs hold Sovos Brands' stock?

ETFs with the largest weight of Sovos Brands (NASDAQ:SOVO) stock in their portfolio include Invesco Dorsey Wright Consumer Staples Momentum ETF (PSL) 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 on Thursday, September 23rd 2021. The company issued 23,334,000 shares at a price of $14.00-$16.00 per share.

Who are Sovos Brands' major shareholders?

Sovos Brands' stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (5.28%), Vanguard Group Inc. (5.26%), Alpine Associates Management Inc. (3.94%), FIL Ltd (3.24%), Westchester Capital Management LLC (3.17%) and Water Island Capital LLC (2.90%). 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, Todd R Lachman and Yuri Hermida.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:SOVO) was last updated on 3/28/2024 by MarketBeat.com Staff

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