What Should You Know About Sovos Brands Before Investing?

By Emilio Sanchez • Monday, August 07 09:52 • Permanent Link

Shares of Consumer Staples sector company Sovos Brands moved 24.9% today, and are now trading at a price of $22.51. The small-cap stock's daily volume was 3,991,066 compared to its average volume of 611,111.

Sovos Brands, Inc., through its subsidiaries, operates as a consumer-packaged food company that manufactures and distributes consumer food products in the United States. The company is based in Louisville and has 690 full time employees. Its market capitalization is $2,278,597,376.

10 analysts are following Sovos Brands and have set target prices ranging from $20.0 to $24.0 per share. On average, they have given the company a rating of buy. At today's prices, SOVO is trading 3.02% away from its average analyst target price of $21.85 per share.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.