Needham initiated coverage on Sovos Brands with a new price target
$SOVO
Packaged Foods
Consumer Staples
Needham initiated coverage of Sovos Brands with a rating of Buy and set a new price target of $22.50
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/23/2023 | $23.00 | Overweight | Stephens |
| 5/31/2023 | $22.50 | Buy | Needham |
| 4/14/2023 | $19.00 | Buy | Stifel |
| 12/8/2022 | $17.00 → $16.00 | Buy → Neutral | UBS |
| 3/30/2022 | $16.00 | Buy | UBS |
| 11/10/2021 | $17.00 → $18.00 | Outperform | Telsey Advisory Group |
| 10/21/2021 | $16.00 | Overweight | Barclays |
| 10/18/2021 | $20.00 | Buy | Loop Capital |
Company will unveil new logo, new products, and introduce new executives live at its booth in the Main Hall of Natural Products Expo West at 2:00pm PT on Thursday, March 15 Flagship Food Group, the parent company of 505 Southwestern®, announces today at the Natural Products Expo West in Anaheim, CA that it will now be known as "Insignia International" and is forging a new frontier of flavor in the Hispanic food space. The company will unveil its new logo and speak further about the rebranding to a live audience at its booth in the Main Hall at 2:00pm PT on Thursday March 15. Simultaneously, the company will launch a new website at www.Insignia.gg and publish a three-minute mission stateme
FY 2023 Net Sales Surpassed $1 Billion; Accelerated Volume Growth DroveDouble-Digit Top and Bottom-Line GrowthQ4 Net Sales Grew 11.4% YoY (Organic 25.3%), Led by Rao's Net Sales Up 24.9% (Organic 34.7%)1 LOUISVILLE, Colo., Feb. 28, 2024 (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 reported financial results for its fourth quarter and fiscal year ended December 30, 2023. Fourth Quarter Highlights: Net sales of $292.1 million increased 11.4% year-over-year, representing the 10th consecutive quarter of double-digit net sales growth since IPOOrganic net sales growt
LOUISVILLE, Colo., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. ("Sovos Brands" or the "Company") (NASDAQ:SOVO) will announce the results of its fourth quarter and fiscal year ended December 30, 2023 on Wednesday, February 28, 2024 after market close. The press release will be available on the Investor Relations section of the Company's website at ir.sovosbrands.com. Due to the pending merger with Campbell Soup Company, Sovos Brands will not host a conference call to discuss the results. About Sovos Brands, Inc. Sovos Brands, Inc. is a consumer-packaged food company focused on building disruptive growth brands that bring today's consumers great tasting food that fits the way they
LOUISVILLE, Colo., Feb. 14, 2024 (GLOBE NEWSWIRE) -- Sovos Brands, Inc. ("Sovos Brands" or the "Company") (NASDAQ:SOVO) will announce the results of its fourth quarter and fiscal year ended December 30, 2023 on Wednesday, February 28, 2024 after market close. The press release will be available on the Investor Relations section of the Company's website at ir.sovosbrands.com. Due to the pending merger with Campbell Soup Company, Sovos Brands will not host a conference call to discuss the results. About Sovos Brands, Inc. Sovos Brands, Inc. is a consumer-packaged food company focused on building disruptive growth brands that bring today's consumers great tasting food that fits the way they
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 Wednesday, November 8, 2023 after market close. The press release will be available on the Investor Relations section of the Company's website at ir.sovosbrands.com. Due to the pending merger with Campbell Soup Company, Sovos Brands will not host a conference call to discuss the results. About Sovos Brands, Inc. Sovos Brands, Inc. is a consumer-packaged food company focused on acquiring and building disruptive growth brands that bring today's consumers great tasting food that fits the way they li
Powerful combination expected to fuel earnings growth; Aligns with and advances Campbell's focused strategic plan Strengthens and diversifies Campbell's portfolio by enhancing Meals & Beverages division with additional growth-oriented brands, including premium market-leading Rao's to complement core, mainstream portfolio and provide runway for adjacent category expansion Overdelivers stated strategic goal of building a $1 billion sauces business by entering the ultra-distinctive pasta sauce market Creates significant shareholder value through meaningful sales growth, EBIT acceleration, and cost synergies Expected to be accretive to adjusted diluted earnings per share by the seco
Stephens initiated coverage of Sovos Brands with a rating of Overweight and set a new price target of $23.00
Needham initiated coverage of Sovos Brands with a rating of Buy and set a new price target of $22.50
Stifel resumed coverage of Sovos Brands with a rating of Buy and set a new price target of $19.00
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Mr. Bodner Brings Over 35 Years of Consumer-Packaged Goods Experience to BARK BARK, Inc. ("BARK" or the "Company") (NYSE:BARK), a leading global omnichannel dog brand with the mission to Make All Dogs Happy, today announced that Larry Bodner has joined the Company's Board of Directors (the "Board"), effective immediately. Mr. Bodner brings over 35 years of operational and financial experience spanning the consumer-packaged goods industry, and currently serves as Chief Executive Officer of Bulletproof 360, a functional nutrition and wellness company. He is also a member of the Board of Directors of Hostess Brands, where he has served as a Director since 2016. "Larry brings extensive le
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. Yuri Hermida as the Company's Chief Growth Officer (CGO). Mr. Hermida will play a key role in executing Sovos Brands' enterprise-wide growth strategy and will oversee the Company's sales, marketing, and business segments. "Yuri is a dynamic leader with proven experience building and scaling consumer brands. His unique expertise will be instrumental as we continue to execute upon our vision of bringing consumers simple, great-tasting food that fits the way they live," said Todd Lachman, Founde
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 Stanley Black & Decker, Inc. to its Board of Directors. "Tamer is a transformational supply chain leader, who brings more than two decades of leadership and experience in the consumer products space to the Sovos Brands Board," said William R. Johnson, Chairman of the Board for Sovos Brands and operating partner with Advent International. "His expertise spans a wide variety of industries, including nearly 15 years at multiple established packaged food companies with global scale. We are thri
Sovos Brands (NASDAQ:SOVO) reported its Q4 earnings results on Wednesday, February 28, 2024 at 04:05 PM. Here's what investors need to know about the announcement. Earnings Sovos Brands beat estimated earnings by 37.0%, reporting an EPS of $0.26 versus an estimate of $0.19. Revenue was up $29.95 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.05 which was followed by a 0.0% increase in the share price the next day. Here's a look at Sovos Brands's past performance: Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022 EPS Estimate 0.15 0.13 0.15 0.16 EPS Actual 0.20 0.17 0.18 0.19 Revenue Estimate 226.04M 213.51M 233.59M 231.50M Reve
Sovos Brands (NASDAQ:SOVO) reported quarterly earnings of $0.26 per share which beat the analyst consensus estimate of $0.19 by 36.84 percent. The company reported quarterly sales of $292.05 million which beat the analyst consensus estimate of $262.69 million by 11.18 percent. This is a 11.43 percent increase over sales of $262.10 million the same period last year.
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