Sovos Brands, Inc. (SOVO)

NASDAQ: SOVO · IEX Real-Time Price · USD
13.74
-0.50 (-3.51%)
At close: Oct 3, 2022 4:00 PM
13.54
-0.20 (-1.46%)
After-hours: Oct 3, 2022 4:09 PM EDT
-3.51%
Market Cap 1.39B
Revenue (ttm) 719.19M
Net Income (ttm) 1.92M
Shares Out 100.91M
EPS (ttm) -0.07
PE Ratio n/a
Forward PE 20.16
Dividend n/a
Ex-Dividend Date n/a
Volume 308,410
Open 14.32
Previous Close 14.24
Day's Range 13.11 - 14.32
52-Week Range 9.52 - 17.41
Beta n/a
Analysts Buy
Price Target 18.05 (+31.4%)
Earnings Date Aug 3, 2022

About SOVO

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, warehou... [Read more...]

Industry Packaged Foods
IPO Date Sep 23, 2021
Employees 608
Stock Exchange NASDAQ
Ticker Symbol SOVO
Full Company Profile

Financial Performance

In 2021, Sovos Brands's revenue was $719.19 million, an increase of 28.41% compared to the previous year's $560.07 million. Earnings were $1.92 million, a decrease of -82.27%.

Financial Statements

Analyst Forecast

According to 17 analysts, the average rating for SOVO stock is "Buy." The 12-month stock price forecast is 18.05, which is an increase of 31.37% from the latest price.

Price Target
$18.05
(31.37% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Sovos Brands Appoints E. Yuri Hermida as Chief Growth Officer

LOUISVILLE, Colo., Oct. 03, 2022 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (Nasdaq: SOVO), one of the fastest-growing food companies of scale in the United States, today announced the appointment of E. Yur...

7 hours ago - GlobeNewsWire

PFGC or SOVO: Which Is the Better Value Stock Right Now?

PFGC vs. SOVO: Which Stock Is the Better Value Option?

Other symbols: PFGC
11 hours ago - Zacks Investment Research

SFM vs. SOVO: Which Stock Is the Better Value Option?

SFM vs. SOVO: Which Stock Is the Better Value Option?

Other symbols: SFM
2 weeks ago - Zacks Investment Research

Sovos Brands, Inc. to Participate in September Investor Conferences

LOUISVILLE, Colo., Aug. 30, 2022 (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 a...

1 month ago - GlobeNewsWire

Sovos Brands Announces Pricing of Secondary Public Offering

LOUISVILLE, Colo., Aug. 10, 2022 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (“Sovos Brands”) (Nasdaq: SOVO), one of the fastest growing food companies of scale in the United States, announced today the pric...

1 month ago - GlobeNewsWire

SFM vs. SOVO: Which Stock Should Value Investors Buy Now?

SFM vs. SOVO: Which Stock Is the Better Value Option?

Other symbols: SFM
1 month ago - Zacks Investment Research

Sovos Brands Announces Launch of Secondary Public Offering

LOUISVILLE, Colo., Aug. 08, 2022 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (“Sovos Brands”) (Nasdaq: SOVO), one of the fastest growing food companies of scale in the United States, today announced that cer...

1 month ago - GlobeNewsWire

Sovos Brands Reports Second Quarter 2022 Financial Results

Net Sales Increase of 22.0% Driven by Double-Digit Volume and Strong Pricing Growth Raising Full Year Net Sales Range to $825-$835 million and Maintaining Adjusted EBITDA Range, with Guidance at the Low...

2 months ago - GlobeNewsWire

Sovos Brands Announces Appointment of Tamer Abuaita to Board of Directors

LOUISVILLE, Colo. , July 18, 2022 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (Nasdaq: SOVO) today announced the addition of Tamer Abuaita, Senior Vice President, Operations and Chief Supply Chain Officer at...

2 months ago - GlobeNewsWire

Sovos Brands Announces Second Quarter 2022 Earnings Date

LOUISVILLE, Colo., July 13, 2022 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (“Sovos Brands” or the “Company”) (Nasdaq: SOVO), the fastest-growing food company of scale in the United States, will announce th...

2 months ago - GlobeNewsWire

Sovos Brands Reports First Quarter 2022 Financial Results

First Quarter Net Sales Increase 10.9% on Continued, Volume-Led Consumption in Core Categories Net Income of $4.1 million; Adjusted Net Income of $13.8 million Adjusted EBITDA of $27.6 million

4 months ago - GlobeNewsWire

Why the Earnings Surprise Streak Could Continue for Sovos Brands, Inc. (SOVO)

Sovos Brands, Inc. (SOVO) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

5 months ago - Zacks Investment Research

PFGC vs. SOVO: Which Stock Is the Better Value Option?

PFGC vs. SOVO: Which Stock Is the Better Value Option?

Other symbols: PFGC
5 months ago - Zacks Investment Research

These five newly public stocks could be great additions to your portfolio, according to Jim Cramer

CNBC's Jim Cramer on Friday offered a list of five newly-public stocks he believes investors should add to his portfolio.

Other symbols: HAYWMKTWRYANSEAT
6 months ago - CNBC

Rao's parent Sovos Brands reports better-than-expected earnings, gives upbeat guidance

Sovos Brands Inc. SOVO, -2.26% shares rose 1.6% in Tuesday premarket trading after the food company reported fourth-quarter profit and sales that beat expectations. Net loss totaled $3.8 million, or 4 c...

6 months ago - Market Watch

Sovos Brands Reports Fourth Quarter and Fiscal Year 2021 Financial Results

Fiscal Year 2021 Net Sales and Adjusted EBITDA Exceeds Full-Year Guidance Fourth Quarter Net Sales +17% on Continued Strong Consumption and Accelerating Share Gains Provides Fiscal Year 2022 Guidance

6 months ago - GlobeNewsWire

Rao's parent Sovos Brands beats expectations in first earnings announcement

Sovos Brands Inc. SOVO, +1.08% reported a third-quarter net loss of $4.6 million, or 6 cents per share, after net income of $2.2 million, or 3 cents per share, last year. Adjusted EPS of 10 cents beat t...

10 months ago - Market Watch

Sovos Brands Reports Third Quarter 2021 Financial Results

Third Quarter Net Sales Increase 31% Due to Strong Consumption and the Addition of Birch Benders Brand Net Sales Increase 17% Provides Fiscal Year 2021 Net Sales and Adjusted EBITDA Guidance

10 months ago - GlobeNewsWire

The Ratings Game: Rao's parent Sovos Brands' valuation doesn't take its growth potential into account, analysts say

Sovos Brands Inc. stock was trading Monday at about $14.77, above its recent IPO issue price of $12, but Stifel analysts say the company's valuation doesn't take its growth potential into account.

11 months ago - Market Watch

Analysts See Upto 34% Upside In Sovos Brands

Goldman Sachs analyst Jason English initiated coverage of Sovos Brands Inc (NASDAQ:SOVO) with a Buy rating and $19 price target, suggesting a 34% upside. The analyst sees a "compelling distribution and ...

11 months ago - Benzinga

Sovos Brands, Inc. Announces Closing of Over-Allotment Option in Connection with its Initial Public Offering

LOUISVILLE, Colo., Oct. 05, 2021 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (“Sovos Brands”) (Nasdaq: SOVO) announced today that the underwriters of its previously announced initial public offering have exe...

11 months ago - GlobeNewsWire

Sovos Brands Announces Third Quarter 2021 Earnings Date

LOUISVILLE, Colo., Oct. 01, 2021 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. (Nasdaq: SOVO), the fastest-growing food company of scale in the United States, will announce the results of its third quarter 202...

1 year ago - GlobeNewsWire

Can Food Stock Newbie Sovos Brands Live Up to Its Energetic IPO?

Investors found the spaghetti and yogurt maker's stock worthy of a taste, but there may be some flies in the soup.

1 year ago - The Motley Fool

Sovos Brands, Inc. Announces Closing of Public Offering

LOUISVILLE, Colo., Sept. 27, 2021 (GLOBE NEWSWIRE) --  Sovos Brands, Inc. (“Sovos Brands”) (Nasdaq: SOVO) announced today the closing of its initial public offering of 23,334,000 shares of its common st...

1 year ago - GlobeNewsWire

Rao's, Noosa parent Sovos Brands soars 21% as trading begins

Sovos Brands Inc. SOVO, +16.92% , parent company to pasta sauce brand Rao's and yogurt brand Noosa, soared 20.8% as trading began on Thursday. Shares priced at $12 per share, below the expected range of...

1 year ago - Market Watch