Sovos Brands, Inc., through its subsidiaries, manufactures and distributes food products in the United States. The company operates through two segments, Dinners & Sauces, and Breakfast & Snacks. It provides Italian sauces, dry pastas, soups, yogurts, frozen ready-to-eat meals, pancake and waffle mixes, other baking mixes, and frozen waffles under the Rao's, noosa, Birch Benders, and Michael Angelo's bands. The company sells its products principally to traditional supermarkets, mass merchants, warehouse clubs, wholesalers, specialty food distributors, military commissaries, drug store chains, dollar stores, and e-commerce retailers. Sovos Brands, Inc. was founded in 2017 and is headquartered in Louisville, Colorado.
IPO Year: 2021
Exchange: NASDAQ
Website: sovosbrands.com
| 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 |
| 10/18/2021 | Outperform | William Blair | |
| 10/18/2021 | $19.00 | Buy | B of A Securities |
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8-K - Sovos Brands, Inc. (0001856608) (Filer)
8-K - Sovos Brands, Inc. (0001856608) (Filer)
144 - Sovos Brands, Inc. (0001856608) (Subject)
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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
LOUISVILLE, Colo., April 25, 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 announced that Josh Levine has been appointed Vice President of Investor Relations, effective April 25, 2022. Mr. Levine joins Sovos Brands with over 15 years of experience in investing and equity research spanning a range of global and emerging, high-growth brands across the consumer sector. In his role leading Investor Relations, Mr. Levine will report directly to the Chief Financial Officer, Chris Hall, and oversee the Company's communications with the financial community, including instit