News
SOVO
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Chosen Foods' owner explores sale of avocado-based food products maker, sources say
Chosen Foods' owner explores sale of avocado-based food products maker, sources say. Los Angeles-based private equity firm Butterfly Equity took a majority stake in Chosen Foods in 2021. Chosen Foods makes cooking sprays, oils, condiments and other food products made out of avocados.
Reuters · 03/19 13:00
*News On Sovos Brands Inc. (SOVO) Now Under CPB
Dow Jones · 03/12 21:08
Ross Stores (ROST) Opens 18 Stores, In Line With Store Expansion
NASDAQ · 03/12 16:31
Campbell Soup completes $2.33 bln Sovos deal after delays
Campbell Soup completes $2.33 bln Sovos deal after delays. The deal was announced in August last year. The closing of the deal was pushed to mid-2024 from December. The acquisition of Rao's Homemade-owner Sovos Brands was approved by the FTC.
Reuters · 03/12 13:05
Sovos Brands Acquired by Campbell in Strategic Financial Move
TipRanks · 03/12 13:02
SpartanNash (SPTN) Hikes Dividend: What Else Should You Know?
NASDAQ · 03/11 13:54
Weekly Report: what happened at SOVO last week (0304-0308)?
Weekly Report · 03/11 09:05
Sovos Brands, Inc. (SOVO) Hits Fresh High: Is There Still Room to Run?
NASDAQ · 03/06 14:15
Campbell Soup beats quarterly estimates on steady demand for quick meals
Campbell Soup beats quarterly estimates on steady demand for quick meals. Prices across Campbell's products rose 1% while volumes dipped 2% during the reported quarter. The company posted second-quarter sales of $2.5 billion, beating market expectations. The firm reaffirmed its fiscal-year 2024 target for sales and profit.
Reuters · 03/06 12:15
Sovos Brands ticks higher amid Nasdaq delisting notice for Campbell Soup sale
Sovos Brands (SOVO) ticked higher by 0.6% after a Nasdaq delisting notice for its planned sale to Campbell Soup. The $2.7 billion sale is scheduled to close prior to the market opening on March 12. The notice comes as the companies certify compliance with the FTC's second request for the transaction.
Seeking Alpha · 03/05 18:50
Weekly Report: what happened at SOVO last week (0226-0301)?
Weekly Report · 03/04 09:06
Hess, Pioneer Natural, Splunk, among best bets for M&A deals to close
Cisco's planned $28 billion acquisition of Splunk, among best bets for M&A deals to close this year. Hess, Pioneer Natural, and Chevron's planned purchase of Hess are also among the best bets. Roy Behren believes the market is mispricing Exxon's purchase of Pioneer Natural Resources. He also believes Campbell's Soup's $2.7 billion purchase of Sovo Brands is unlikely to close.
Seeking Alpha · 03/03 16:18
Stifel Nicolaus Keeps Their Hold Rating on Sovos Brands (SOVO)
TipRanks · 02/29 13:18
Piper Sandler Reaffirms Their Hold Rating on Sovos Brands (SOVO)
TipRanks · 02/29 12:48
Sovos Brands Inc reports results for the quarter ended in December - Earnings Summary
Sovos Brands Inc reports quarterly adjusted earnings of 26 cents per share for the quarter ended in December. Revenue rose 11.4% to $292.05 million from a year ago. The company reported quarterly income of $15.51 million. Wall Street's median 12-month price target for the company is $23.00.
Reuters · 02/29 00:29
Sovos Brands, Inc. (SOVO) Q4 Earnings and Revenues Beat Estimates
NASDAQ · 02/28 23:10
Recap: Sovos Brands Q4 Earnings
Sovos Brands reported its Q4 earnings of $0.26 on February 28. The company beat estimates by 37.0%. Sovos Brands's revenue was up $29.95 million from the same period last year. The firm is expected to announce its earnings Wednesday.
Benzinga · 02/28 21:20
Weekly Report: what happened at SOVO last week (0219-0223)?
Weekly Report · 02/26 09:06
Telsey Advisory Reaffirms Their Hold Rating on Sovos Brands (SOVO)
Telsey Advisory analyst Sarang Vora maintained a Hold rating on Sovos Brands (SOVO – Research Report) with a price target of $23.00. The company’s shares opened today at $22.59. The stock has a negative corporate insider sentiment.
TipRanks · 02/23 14:35
Telsey Advisory Group Reiterates Market Perform on Sovos Brands, Maintains $23 Price Target
Benzinga · 02/23 10:26
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About SOVO
Sovos Brands, Inc. is a consumer-packaged food company. The Company is focused on acquiring and building brands. Its product offerings include a variety of pasta sauces, dry pasta, soups, frozen entrees, frozen pizza, and yogurts, all of which are sold in North America under the brand names Rao’s, Michael Angelo’s and noosa. Rao’s brand offers a selection of Rao’s Homemade pasta sauces, including tomato-based sauces, Alfredo sauces and Pesto sauces, pizza sauces and dry pastas; Rao’s Homestyle meat-based pasta sauces; and Rao’s Made for Home frozen entrees, frozen pizza and soups. Michael Angelo’s frozen products include a variety of dishes, such as eggplant parmesan, lasagna made with fresh Ricotta cheese, shrimp scampi and other pastas, for a homemade taste. noosa brand offers a suite of delicious yogurt products, including spoonable yogurts and drinkable smoothies. It sells its products to customers in the United States and principally to retail outlets and wholesale distributors.