Sovos Brands (SOVO) Stock Forecast, Price Target & Predictions
SOVO Stock Forecast
Sovos Brands stock forecast is as follows: an average price target of $21.13 (represents a -8.05% downside from SOVO’s last price of $22.98) and a rating consensus of 'Buy', based on 2 wall street analysts offering a 1-year stock forecast.
SOVO Price Target
The average price target for Sovos Brands (SOVO) is $21.13 based on 1-year price targets from 2 Wall Street analysts in the past 3 months, with a price target range of $23.00 to $16.00. This represents a potential -8.05% downside from SOVO's last price of $22.98.
SOVO Analyst Ratings
According to 2 Wall Street analysts, Sovos Brands's rating consensus is 'Buy'. The analyst rating breakdown for SOVO stock is 0 'Strong Buy' (0.00%), 1 'Buy' (50.00%), 1 'Hold' (50.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Sovos Brands Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Feb 29, 2024 | Sarang Vora | Telsey Advisory | $23.00 | $22.62 | 1.68% | 0.09% |
| Aug 08, 2023 | Matt Mcginley | Needham | $22.50 | $22.52 | -0.09% | -2.09% |
| Jun 23, 2023 | Jim Salera | Stephens | $23.00 | $19.41 | 18.53% | 0.09% |
| Dec 08, 2022 | UBS | $16.00 | $13.22 | 21.03% | -30.37% |
The latest Sovos Brands stock forecast, released on Feb 29, 2024 by Sarang Vora from Telsey Advisory, set a price target of $23.00, which represents a 1.68% increase from the stock price at the time of the forecast ($22.62), and a 0.09% increase from SOVO last price ($22.98).
Sovos Brands Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 1 |
| Avg Price Target | - | - | $23.00 |
| Last Closing Price | $22.98 | $22.98 | $22.98 |
| Upside/Downside | -100.00% | -100.00% | 0.09% |
In the current month, the average price target of Sovos Brands stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Sovos Brands's last price of $22.98. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Jun 23, 2023 | Stephens | Overweight | Initialise | |
| Dec 08, 2022 | UBS | Neutral | Downgrade |
Sovos Brands's last stock rating was published by Stephens on Jun 23, 2023. The company Initialise its SOVO rating from "null" to "Overweight".
Sovos Brands Financial Forecast
Sovos Brands Revenue Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | $217.63M | $252.79M | $262.10M | $208.91M | $197.43M | $209.93M | $189.24M | $178.73M |
| Avg Forecast | $298.80M | $298.10M | $257.40M | $292.10M | $300.99M | $281.44M | $242.12M | $279.64M | $271.66M | $227.73M | $213.87M | $233.59M | $231.50M | $199.62M | $180.96M | $205.57M | $183.89M | $169.34M |
| High Forecast | $298.80M | $298.10M | $257.40M | $292.10M | $300.99M | $281.44M | $242.12M | $299.17M | $284.39M | $228.23M | $213.87M | $233.59M | $231.50M | $199.62M | $180.96M | $205.57M | $183.89M | $169.34M |
| Low Forecast | $298.80M | $298.10M | $257.40M | $292.10M | $300.99M | $281.44M | $242.12M | $266.26M | $261.54M | $227.23M | $213.87M | $233.59M | $231.50M | $199.62M | $180.96M | $205.57M | $183.89M | $169.34M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.02% | 1.08% | 1.13% | 1.05% | 1.09% | 1.02% | 1.03% | 1.06% |
Sovos Brands's average Quarter revenue forecast for Sep 23 based on 5 analysts is $227.73M, with a low forecast of $227.23M, and a high forecast of $228.23M. SOVO's average Quarter revenue forecast represents a 4.64% increase compared to the company's last Quarter revenue of $217.63M (Jun 23).
Sovos Brands EBITDA Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | $25.63M | $29.89M | $30.22M | $20.45M | $18.20M | $22.34M | $18.07M | $20.92M |
| Avg Forecast | $33.62M | $33.54M | $28.96M | $32.87M | $33.87M | $31.67M | $27.24M | $31.46M | $30.57M | $25.62M | $24.06M | $26.28M | $26.05M | $22.46M | $20.36M | $10.67M | $20.69M | $13.15M |
| High Forecast | $33.62M | $33.54M | $28.96M | $32.87M | $33.87M | $31.67M | $27.24M | $33.66M | $32.00M | $25.68M | $24.06M | $26.28M | $26.05M | $22.46M | $20.36M | $12.80M | $20.69M | $15.78M |
| Low Forecast | $33.62M | $33.54M | $28.96M | $32.87M | $33.87M | $31.67M | $27.24M | $29.96M | $29.43M | $25.57M | $24.06M | $26.28M | $26.05M | $22.46M | $20.36M | $8.53M | $20.69M | $10.52M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.07% | 1.14% | 1.16% | 0.91% | 0.89% | 2.09% | 0.87% | 1.59% |
5 analysts predict SOVO's average Quarter EBITDA for Sep 23 to be $25.62M, with a high of $25.68M and a low of $25.57M. This is -0.04% lower than Sovos Brands's previous annual EBITDA (Jun 23) of $25.63M.
Sovos Brands Net Income Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | $5.39M | $7.85M | $-28.69M | $1.46M | $-30.29M | $4.06M | $-3.84M | $-4.61M |
| Avg Forecast | $24.96M | $26.00M | $24.96M | $26.00M | $25.17M | $21.67M | $20.46M | $21.50M | $20.94M | $15.57M | $13.60M | $15.21M | $16.76M | $14.37M | $9.08M | $3.38M | $11.71M | $-2.90M |
| High Forecast | $24.96M | $26.00M | $24.96M | $26.00M | $25.17M | $21.67M | $20.46M | $24.18M | $23.03M | $15.59M | $13.60M | $15.21M | $16.76M | $14.37M | $9.08M | $4.06M | $11.71M | $-2.32M |
| Low Forecast | $24.96M | $26.00M | $24.96M | $26.00M | $25.17M | $21.67M | $20.46M | $20.60M | $17.80M | $15.55M | $13.60M | $15.21M | $16.76M | $14.37M | $9.08M | $2.70M | $11.71M | $-3.48M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.40% | 0.52% | -1.71% | 0.10% | -3.34% | 1.20% | -0.33% | 1.59% |
Sovos Brands's average Quarter net income forecast for Sep 23 is $15.57M, with a range of $15.55M to $15.59M. SOVO's average Quarter net income forecast represents a 188.87% increase compared to the company's last Quarter net income of $5.39M (Jun 23).
Sovos Brands SG&A Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | $47.63M | $43.41M | $45.70M | $43.97M | $39.45M | $33.91M | $43.69M | $31.19M |
| Avg Forecast | $61.08M | $60.94M | $52.62M | $59.71M | $61.53M | $57.53M | $49.50M | $57.17M | $55.54M | $46.56M | $43.72M | $47.75M | $47.32M | $40.81M | $36.99M | $28.26M | $37.59M | $19.60M |
| High Forecast | $61.08M | $60.94M | $52.62M | $59.71M | $61.53M | $57.53M | $49.50M | $61.16M | $58.14M | $46.66M | $43.72M | $47.75M | $47.32M | $40.81M | $36.99M | $33.91M | $37.59M | $23.53M |
| Low Forecast | $61.08M | $60.94M | $52.62M | $59.71M | $61.53M | $57.53M | $49.50M | $54.43M | $53.47M | $46.45M | $43.72M | $47.75M | $47.32M | $40.81M | $36.99M | $22.61M | $37.59M | $15.68M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 1.09% | 0.91% | 0.97% | 1.08% | 1.07% | 1.20% | 1.16% | 1.59% |
Sovos Brands's average Quarter SG&A projection for Sep 23 is $46.56M, based on 5 Wall Street analysts, with a range of $46.45M to $46.66M. The forecast indicates a -2.26% fall compared to SOVO last annual SG&A of $47.63M (Jun 23).
Sovos Brands EPS Forecast
| Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 7 | 5 | 6 | 3 | 2 | 2 | 2 | 2 | 3 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | $0.05 | $0.08 | $-0.28 | $0.01 | $-0.30 | $0.04 | $-0.04 | $-0.06 |
| Avg Forecast | $0.24 | $0.25 | $0.24 | $0.25 | $0.24 | $0.21 | $0.20 | $0.21 | $0.20 | $0.15 | $0.13 | $0.15 | $0.16 | $0.14 | $0.09 | $0.13 | $0.11 | $0.07 |
| High Forecast | $0.24 | $0.25 | $0.24 | $0.25 | $0.24 | $0.21 | $0.20 | $0.23 | $0.22 | $0.15 | $0.13 | $0.15 | $0.16 | $0.14 | $0.09 | $0.13 | $0.11 | $0.07 |
| Low Forecast | $0.24 | $0.25 | $0.24 | $0.25 | $0.24 | $0.21 | $0.20 | $0.20 | $0.17 | $0.15 | $0.13 | $0.15 | $0.16 | $0.14 | $0.09 | $0.13 | $0.11 | $0.07 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | 0.38% | 0.55% | -1.74% | 0.07% | -3.44% | 0.32% | -0.34% | -0.84% |
According to 5 Wall Street analysts, Sovos Brands's projected average Quarter EPS for Sep 23 is $0.15, with a low estimate of $0.15 and a high estimate of $0.15. This represents a 199.32% increase compared to SOVO previous annual EPS of $0.05 (Jun 23).
Sovos Brands Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| HAIN | Hain Celestial Group | $7.41 | $9.27 | 25.10% | Hold |
| CENT | Central Garden & Pet Company | $43.14 | $50.67 | 17.45% | |
| NATR | Nature's Sunshine Products | $15.65 | $18.00 | 15.02% | |
| LANC | Lancaster Colony | $189.22 | $216.00 | 14.15% | Buy |
| THS | TreeHouse Foods | $34.00 | $37.67 | 10.79% | Hold |
| SMPL | Simply Good Foods Company | $39.74 | $38.67 | -2.69% | Buy |