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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.

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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 earnings results 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. Sovos Brands's revenue for the quarter was up 23.5% on a year-over-year basis.

Sovos Brands (SOVO) raised $350 million in an IPO on Thursday, September 23rd 2021. The company issued 23,334,000 shares at $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
12/22/2024
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 12/22/2024 by MarketBeat.com Staff
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