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Sovos Brands - SOVO Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $19.93
  • Forecasted Upside: 4.28%
  • Number of Analysts: 7
  • Breakdown:
  • 0 Sell Ratings
  • 1 Hold Ratings
  • 6 Buy Ratings
  • 0 Strong Buy Ratings
$19.11 As of 06/2/2023 06:11 PM ET
▲ +0.28 (1.49%)

This chart shows the closing price for SOVO by one month, three months, or twelve months.

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Analyst Price Target for SOVO

Analyst Price Target is $19.93
▲ +4.28% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for Sovos Brands in the last 3 months. The average price target is $19.93, with a high forecast of $24.00 and a low forecast of $16.00. The average price target represents a 4.28% upside from the last price of $19.11.

This chart shows the closing price for SOVO for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 7 contributing investment analysts is to buy stock in Sovos Brands.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 11 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
12/9/2021
  • 0 strong buy ratings
  • 11 buy ratings
  • 0 hold ratings
  • 0 sell ratings
Ratings as of
3/9/2022
  • 0 strong buy ratings
  • 11 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
6/7/2022
  • 0 strong buy ratings
  • 11 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
9/5/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
12/4/2022
  • 0 strong buy ratings
  • 2 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
3/4/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
5/3/2023
  • 0 strong buy ratings
  • 6 buy ratings
  • 1 hold ratings
  • 0 sell ratings
Ratings as of
6/2/2023

Latest Recommendations

  • 0 strong buy ratings
  • 6 buy ratings
  • 1 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
5/31/2023Needham & Company LLCInitiated CoverageBuy$22.50Low
5/12/2023BarclaysBoost Target$19.00 ➝ $22.00Low
5/11/2023Loop CapitalBoost Target$20.00 ➝ $24.00Low
5/11/2023Stifel NicolausBoost Target$19.00 ➝ $21.00Low
4/14/2023BarclaysBoost TargetOverweight$17.00 ➝ $19.00Low
4/13/2023Stifel NicolausInitiated CoverageBuy$19.00Low
3/9/2023Piper SandlerBoost TargetOverweight$16.00 ➝ $17.00Low
3/7/2023Telsey Advisory GroupReiterated RatingOutperform$17.00Low
12/9/2022Piper SandlerLower Target$17.00 ➝ $16.00Low
12/8/2022UBS GroupDowngradeBuy ➝ Neutral$17.00 ➝ $16.00Low
11/2/2022William BlairReiterated RatingOutperformLow
3/30/2022UBS GroupInitiated CoverageBuy$16.00Low
3/16/2022Telsey Advisory GroupLower TargetOutperform$18.00 ➝ $17.00Medium
11/10/2021Telsey Advisory GroupBoost TargetOutperform$17.00 ➝ $18.00Low
10/21/2021BarclaysInitiated CoverageOverweight$16.00Low
10/18/2021William BlairInitiated CoverageOutperformLow
10/18/2021Loop CapitalInitiated CoverageBuy$20.00Low
10/18/2021Stifel NicolausInitiated CoverageBuy$17.00Low
10/18/2021CowenInitiated CoverageOutperform$20.00High
10/18/2021Bank of AmericaInitiated CoverageBuy$19.00High
10/18/2021Credit Suisse GroupInitiated CoverageOutperform$17.00High
10/18/2021Telsey Advisory GroupInitiated CoverageOutperform$17.00High
10/18/2021Piper SandlerInitiated CoverageOverweight$17.00High
10/18/2021The Goldman Sachs GroupInitiated CoverageBuy$19.00High
10/18/2021JPMorgan Chase & Co.Initiated CoverageOverweight$17.00High
(Data available from 6/2/2018 forward)

News Sentiment Rating

0.42 (Hold)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 4 very positive mentions
  • 7 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
11/4/2022
  • 1 very positive mentions
  • 3 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/4/2022
  • 0 very positive mentions
  • 3 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
1/3/2023
  • 2 very positive mentions
  • 3 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
2/2/2023
  • 9 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/4/2023
  • 9 very positive mentions
  • 16 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/3/2023
  • 2 very positive mentions
  • 9 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
5/3/2023
  • 11 very positive mentions
  • 40 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/2/2023

Current Sentiment

  • 11 very positive mentions
  • 40 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

Sovos Brands logo
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, warehouse clubs, wholesalers, specialty food distributors, military commissaries, and non-food outlets, such as drug store chains, dollar stores, and e-commerce retailers. Sovos Brands, Inc. was founded in 1983 and is headquartered in Louisville, Colorado.
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Today's Range

Now: $19.11
Low: $18.70
High: $19.11

50 Day Range

MA: $17.55
Low: $16.48
High: $19.20

52 Week Range

Now: $19.11
Low: $12.50
High: $20.58

Volume

591,981 shs

Average Volume

469,611 shs

Market Capitalization

$1.93 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

0.12

Frequently Asked Questions

What sell-side analysts currently cover shares of Sovos Brands?

The following sell-side analysts have issued research reports on Sovos Brands in the last year: Barclays PLC, Loop Capital, Needham & Company LLC, Piper Sandler, Stifel Nicolaus, Telsey Advisory Group, UBS Group AG, and William Blair.
View the latest analyst ratings for SOVO.

What is the current price target for Sovos Brands?

7 Wall Street analysts have set twelve-month price targets for Sovos Brands in the last year. Their average twelve-month price target is $19.93, suggesting a possible upside of 4.3%. Loop Capital has the highest price target set, predicting SOVO will reach $24.00 in the next twelve months. UBS Group AG has the lowest price target set, forecasting a price of $16.00 for Sovos Brands in the next year.
View the latest price targets for SOVO.

What is the current consensus analyst rating for Sovos Brands?

Sovos Brands currently has 1 hold rating and 6 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe SOVO will outperform the market and that investors should add to their positions of Sovos Brands.
View the latest ratings for SOVO.

What other companies compete with Sovos Brands?

Other companies that are similar to Sovos Brands include Jack in the Box, Farfetch, Arcos Dorados, Petco Health and Wellness and Tecnoglass. Learn More about companies similar to Sovos Brands.

How do I contact Sovos Brands' investor relations team?

Sovos Brands' physical mailing address is 168 CENTENNIAL PARKWAY SUITE 200, LOUISVILLE CO, 80027. The company's listed phone number is 720-316-1225 and its investor relations email address is [email protected]. The official website for Sovos Brands is www.sovosbrands.com. Learn More about contacing Sovos Brands investor relations.