Sovos Brands, Inc. (SOVO)
| Market Cap | 2.22B |
| Revenue (ttm) | 990.47M |
| Net Income (ttm) | -14.03M |
| Shares Out | 101.38M |
| EPS (ttm) | -0.14 |
| PE Ratio | n/a |
| Forward PE | 28.74 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 586,541 |
| Open | 21.99 |
| Previous Close | 21.98 |
| Day's Range | 21.96 - 21.99 |
| 52-Week Range | 12.74 - 22.73 |
| Beta | 0.04 |
| Analysts | Hold |
| Price Target | 22.13 (+0.68%) |
| Earnings Date | Nov 8, 2023 |
About SOVO
Sovos Brands, Inc., through its subsidiaries, operates as a consumer-packaged food company that manufactures and distributes consumer food products in the United States. The company operates in two segments, Dinner and Sauces, and Breakfast and Snacks. It provides 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, noosa, and Birch Benders brands. The company sells its products principally to retail outlets and wholesale distri... [Read more]
Financial Performance
Financial StatementsAnalyst Forecast
According to 10 analysts, the average rating for SOVO stock is "Hold." The 12-month stock price forecast is $22.13, which is an increase of 0.68% from the latest price.
News
Sovos Brands Announces the Promotion of E. Yuri Hermida to President
LOUISVILLE, Colo., Dec. 05, 2023 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (“Sovos Brands” or the “Company”) (Nasdaq: SOVO), one of the fastest-growing food companies of scale in the United States, today...
Sovos Brands Announces Third Quarter 2023 Earnings Date
LOUISVILLE, Colo., Oct. 25, 2023 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (“Sovos Brands” or the “Company”) (Nasdaq: SOVO) will announce the results of its third quarter ended September 30, 2023 on Wedn...
Campbell Receives Second Request from FTC Under HSR Act for Proposed Acquisition of Sovos Brands, Inc.
CAMDEN, N.J.--(BUSINESS WIRE)--Campbell Soup Company (NYSE: CPB) today announced it has received a request for additional information from the Federal Trade Commission (FTC) as part of the agency's re...
Sovos Brands Stockholders Vote to Approve Acquisition by Campbell
LOUISVILLE, Colo., Oct. 16, 2023 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (“Sovos Brands” or the “Company”) (Nasdaq: SOVO) today announced that its stockholders, at a Special Meeting of Stockholders hel...
SOVOS BRANDS INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Sovos Brands, Inc. - SOVO
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Sovos Brands, In...
Campbell Soup CEO: Sovos Brands acquisition is a significant source of growth
Campbell Soup CEO Mark Clouse spoke with Yahoo Finance Executive Editor Brian Sozzi about the acquisition of Sovos Brands which include Rao's, Michael Angelo's, and Noosa.
Sovos business is at 14% household penetration, says Campbell CEO Mark Clouse
Campbell Soup CEO Mark Clouse joins 'Mad Money' host Jim Cramer to talk the acquisition of Sovos, the state of the consumer and more.
Campbell Soup Company buys Sovos Brands, maker of Rao's for $2.7 billion
Iconic canned soup company Campbell is expanding its reach in the Italian food market.
Campbell to buy Rao's premium sauces maker Sovos for $2.33 billion
U.S. packaged food maker Campbell Soup will buy Michael Angelo's and Rao's owner Sovos Brands for $2.33 billion in cash, the company said on Monday, beefing up its meals and beverages business with th...
Campbell Soup buys Rao's sauce maker for $2.7B
Campbell Soup announced Monday it will buy Sovos Brands for $2.7 billion, or $23 per share. Sovos's portfolio includes Rao's pasta sauce and Michael Angelo's frozen meals.
Campbell Soup Acquires Rao's Pasta Sauce Parent Company for $2.7 Billion
Campbell Soup Company (CPB) has acquired Sovos Brands, Inc. (SOVO)—the parent company of brands such as Rao's pasta sauces, Noosa Yoghurt and Italian frozen food Michael Angelo's—for $2.7 billion
Sovos Brands stock jumped 25% on Monday: here's why
Shares of Sovos Brands Inc (NASDAQ: SOVO) are up 25% on Monday after Campbell Soup Company (NYSE: CPB) said it will buy the premium sauces maker for about $2.7 billion.
Campbell Soup to acquire Sovos Brands in $2.3 billion deal
Yahoo Finance anchors Julie Hyman and Brad Smith break down Campbell Soup Company (CPB) announcing its plan to acquire Sovos Brand (SOVO) for $2.3 billion.
Campbell Upgrades Its Sauce Game
The food company's acquisition of Sovos, maker of the premium Rao's tomato sauce, isn't cheap. But it makes good strategic sense.
Shareholder Alert: Ademi LLP investigates whether Sovos Brands, Inc. has obtained a Fair Price in its transaction with Campbell Soup
MILWAUKEE , Aug. 7, 2023 /PRNewswire/ -- Ademi LLP is investigating Sovos (Nasdaq: SOVOS) for possible breaches of fiduciary duty and other violations of law in its transaction with Campbell Soup. Cl...
Campbell Soup to Acquire Maker of Rao's for $2.7 Billion
Campbell said the deal for Sovos Brands is expected to close in December.
SOVO Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Sovos Brands, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Sovos Brands, Inc. (NASDAQ: SOVO) to Campbell Soup Company for $23.00 per share in cash i...
Campbell Soup to acquire Rao's parent Sovos Brands in cash deal valued at about $2.7 billion
Campbell Soup Co. CPB, -1.05% said Monday it has agreed to acquire Sovos Brands Inc., parent to pasta sauces and other foods sold under the brand names Rao's, Michael Angelo's and noosa, in a deal wit...
Sovos Brands Reports Second Quarter 2023 Financial Results
Excellent Results Reflect Sustained Sector-Leading, Volume-Led Top Line Growth Entered Into a Definitive Agreement to be Acquired by Campbell Soup Company
Campbell to Acquire Sovos Brands, Leader in High-Growth Premium Italian Sauces
CAMDEN, N.J. & LOUISVILLE, Colo.--(BUSINESS WIRE)--Campbell Soup Company (NYSE: CPB) and Sovos Brands, Inc. (Nasdaq: SOVO) today announced that the companies have entered into an agreement for Campbel...
Sovos Brands Announces Second Quarter 2023 Earnings Date
LOUISVILLE, Colo., July 19, 2023 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (“Sovos Brands” or the “Company”) (Nasdaq: SOVO), one of the fastest-growing food companies of scale in the United States, will ...
How Sovos Brands Grew Rao's 9X In Six Years
Many business acquisitions fail to live up to lofty growth expectations. But with Rao's, Sovos Brands has created a playbook of what works, growing the brand over 9x.
Sovos Brands Announces Launch of Secondary Public Offering
LOUISVILLE, Colo., May 15, 2023 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (“Sovos Brands” or the “Company”) (Nasdaq: SOVO), one of the fastest growing food companies of scale in the United States, today ...
Sovos brands shares outperform the S&P 500 YTD, CEO discusses strong Q1 performance
Sovos Brands Founder and CEO Todd Lachman discusses how the popularity of Rao's sauce has become the primary driver of momentum in the business.
Sovos Brands Reports First Quarter 2023 Financial Results
Continued Volume-Led Growth Driven by Rao's Provides Strong Start to Fiscal 2023