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NASDAQ:SOVO

Sovos Brands (SOVO) Stock Price, News & Analysis

Sovos Brands logo

About Sovos Brands Stock (NASDAQ:SOVO)

Key Stats

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
$23.00
Consensus Rating
Hold

Company Overview

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.

Sovos Brands Stock Analysis - MarketRank™

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12th Percentile Overall Score

SOVO MarketRank™: 

Sovos Brands scored higher than 12% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • 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, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Sovos Brands has received no research coverage in the past 90 days.

  • Read more about Sovos Brands' stock forecast and price target.
  • 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 126.99.

  • 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 207.35.

  • 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.

  • Short Interest

    There is no current short interest data available for SOVO.
  • Dividend Yield

    Sovos Brands does not currently pay a dividend.

  • Dividend Growth

    Sovos Brands does not have a long track record of dividend growth.

  • Short Interest

    There is no current short interest data available for SOVO.
  • News Coverage This Week

    MarketBeat has tracked 3 news articles for Sovos Brands this week, compared to 2 articles on an average week.
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SOVO Stock News Headlines

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SOVO Stock Analysis - Frequently Asked Questions

Sovos Brands, Inc. (NASDAQ:SOVO) issued its quarterly earnings data on Wednesday, November, 8th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. The business's quarterly revenue was up 23.5% compared to the same quarter last year.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Sovos Brands investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Netflix (NFLX), Palo Alto Networks (PANW) and Invesco QQQ (QQQ).

Company Calendar

Last Earnings
11/08/2023
Today
11/21/2024
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
$23.00
High Stock Price Target
$23.00
Low Stock Price Target
$23.00
Potential Upside/Downside
+0.1%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
1 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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This page (NASDAQ:SOVO) was last updated on 11/21/2024 by MarketBeat.com Staff
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