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Initiation
Sovos Brands initiated with a Buy at BofA » 09:32
10/18/21
10/18
09:32
10/18/21
09:32
SOVO

Sovos Brands

$14.20 /

+0.2 (+1.43%)

BofA analyst Peter Galbo…

BofA analyst Peter Galbo initiated coverage of Sovos Brands with a Buy rating and $19 price target. Galbo expects sales and earnings growth for Sovos, which owns premium brands such as Rao's, Noosa and Michael Angelo's, to be above peer average driven largely by Rao's expanding household penetration, the analyst tells investors in a research note.

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SOVO Sovos Brands
$14.20 /

+0.2 (+1.43%)

10/18/21 Telsey Advisory
Sovos Brands initiated with an Outperform at Telsey Advisory
10/18/21 Cowen
Cowen starts Rao's owner Sovos Brands at Outperform with $20 target
10/18/21 Loop Capital
Loop Capital positive on Sovos' acquisition model, starts with Buy
10/18/21 William Blair
Sovos Brands initiated with an Outperform at William Blair
  • 23
    Sep
SOVO Sovos Brands
$14.20 /

+0.2 (+1.43%)

SOVO Sovos Brands
$14.20 /

+0.2 (+1.43%)

Initiation
Sovos Brands initiated with an Outperform at Telsey Advisory » 08:42
10/18/21
10/18
08:42
10/18/21
08:42
SOVO

Sovos Brands

$14.20 /

+0.2 (+1.43%)

Telsey Advisory analyst…

Telsey Advisory analyst Dana Telsey initiated coverage of Sovos Brands with an Outperform rating and $17 price target.

ShowHide Related Items >><<
SOVO Sovos Brands
$14.20 /

+0.2 (+1.43%)

10/18/21 Cowen
Cowen starts Rao's owner Sovos Brands at Outperform with $20 target
10/18/21 Loop Capital
Loop Capital positive on Sovos' acquisition model, starts with Buy
10/18/21 William Blair
Sovos Brands initiated with an Outperform at William Blair
10/18/21 JPMorgan
Sovos Brands initiated with an Overweight at JPMorgan
  • 23
    Sep
SOVO Sovos Brands
$14.20 /

+0.2 (+1.43%)

SOVO Sovos Brands
$14.20 /

+0.2 (+1.43%)

Initiation
Cowen starts Rao's owner Sovos Brands at Outperform with $20 target » 08:33
10/18/21
10/18
08:33
10/18/21
08:33
SOVO

Sovos Brands

$14.20 /

+0.2 (+1.43%)

Cowen analyst Brian…

Cowen analyst Brian Holland initiated coverage of Sovos Brands with an Outperform rating and $20 price target. Sovos' Rao's brand was the fastest growing center store food brand of scale in the U.S. from 2018 through 2020, but awareness and household penetration still lag legacy competitors by "a wide margin," said Holland, who has a "bullish view of that brand's runway." His model assumes Rao's accounts for 75% of Sovos' total net sales growth over the next five years, but "on whole" he likes Sovos' differentiated and expandable brands, the analyst added.

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SOVO Sovos Brands
$14.20 /

+0.2 (+1.43%)

10/18/21 Loop Capital
Loop Capital positive on Sovos' acquisition model, starts with Buy
10/18/21 William Blair
Sovos Brands initiated with an Outperform at William Blair
10/18/21 JPMorgan
Sovos Brands initiated with an Overweight at JPMorgan
10/18/21 Loop Capital
Sovos Brands initiated with a Buy at Loop Capital
  • 23
    Sep
SOVO Sovos Brands
$14.20 /

+0.2 (+1.43%)

SOVO Sovos Brands
$14.20 /

+0.2 (+1.43%)

Options
Five new option listings and four option delistings on October 18th » 08:30
10/18/21
10/18
08:30
10/18/21
08:30
LAW

CS Disco

$48.32 /

-0.68 (-1.39%)

, RELY

Remitly Global

$40.06 /

+1.7 (+4.43%)

, ROCC

Roth CH Acquisition II

$30.73 /

-0.92 (-2.91%)

, SOVO

Sovos Brands

$14.20 /

+0.2 (+1.43%)

, NNA

Navios Acquisition

$3.49 /

+ (+0.00%)

, PVAC

Penn Virginia

/

+

, VIH

VPC Impact Acquisition

$9.37 /

-0.11 (-1.16%)

New option listings for…

New option listings for October 18th include VPC Impact Acquisition Holdings (BKKT), CS Disco Inc (LAW), Remitly Global Inc (RELY), ROCC Stock (ROCC), and SOVO Stock (SOVO). Option delistings effective October 18th include Genesis Healthcare Inc (Class A Stock) (GENN), Navios Maritime Acquisition (NNA), Penn Virginia (PVAC), and VPC Impact Acquisition Holdings (VIH).

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VIH VPC Impact Acquisition
$9.37 /

-0.11 (-1.16%)

ROCC Roth CH Acquisition II
$30.73 /

-0.92 (-2.91%)

PVAC Penn Virginia
/

+

NNA Navios Acquisition
$3.49 /

+ (+0.00%)

LAW CS Disco
$48.32 /

-0.68 (-1.39%)

LAW CS Disco
$48.32 /

-0.68 (-1.39%)

09/03/21 Needham
CS Disco price target raised to $70 from $60 at Needham
09/03/21 Loop Capital
CS Disco price target raised to $75 from $60 at Loop Capital
09/03/21 BofA
CS Disco price target raised to $70 from $60 at BofA
09/03/21 Citi
CS Disco price target raised to $74 from $67 at Citi
RELY Remitly Global
$40.06 /

+1.7 (+4.43%)

10/18/21 William Blair
Remitly Global initiated with an Outperform at William Blair
10/18/21 JPMorgan
Remitly Global initiated with an Overweight at JPMorgan
10/18/21 Wolfe Research
Remitly Global initiated with a Peer Perform at Wolfe Research
10/18/21 KeyBanc
Remitly Global initiated with an Overweight at KeyBanc
ROCC Roth CH Acquisition II
$30.73 /

-0.92 (-2.91%)

SOVO Sovos Brands
$14.20 /

+0.2 (+1.43%)

10/18/21 Loop Capital
Loop Capital positive on Sovos' acquisition model, starts with Buy
10/18/21 William Blair
Sovos Brands initiated with an Outperform at William Blair
10/18/21 JPMorgan
Sovos Brands initiated with an Overweight at JPMorgan
10/18/21 Loop Capital
Sovos Brands initiated with a Buy at Loop Capital
NNA Navios Acquisition
$3.49 /

+ (+0.00%)

12/02/20 Citi
Navios Acquisition price target lowered to $3.75 from $4.25 at Citi
PVAC Penn Virginia
/

+

10/07/21 Truist
Penn Virginia price target raised to $50 from $40 at Truist
09/29/21 Truist
Penn Virginia price target raised to $40 from $34 at Truist
07/01/21 Truist
Penn Virginia price target raised to $36 from $25 at Truist
05/11/21 RBC Capital
Penn Virginia initiated with a Sector Perform at RBC Capital
VIH VPC Impact Acquisition
$9.37 /

-0.11 (-1.16%)

PVAC Penn Virginia
/

+

NNA Navios Acquisition
$3.49 /

+ (+0.00%)

LAW CS Disco
$48.32 /

-0.68 (-1.39%)

  • 23
    Sep
  • 23
    Sep
  • 15
    Sep
  • 21
    Jul
RELY Remitly Global
$40.06 /

+1.7 (+4.43%)

NNA Navios Acquisition
$3.49 /

+ (+0.00%)

LAW CS Disco
$48.32 /

-0.68 (-1.39%)

VIH VPC Impact Acquisition
$9.37 /

-0.11 (-1.16%)

NNA Navios Acquisition
$3.49 /

+ (+0.00%)

Initiation
Loop Capital positive on Sovos' acquisition model, starts with Buy » 08:17
10/18/21
10/18
08:17
10/18/21
08:17
SOVO

Sovos Brands

$14.20 /

+0.2 (+1.43%)

As previously reported,…

As previously reported, Loop Capital analyst Alton Stump initiated coverage of Sovos Brands with a Buy rating and $20 price target. The company's acquisition-driven model of bringing brands onto a bigger platform with greater distribution and closer relationships with major food retail customers is "compelling" as it has a proven track record within the domestic packaged foods category, the analyst tells investors in a research note. There should be no shortage of additional acquisition candidates for Sovos going forward given the fragmented supplier base, Stump adds.

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SOVO Sovos Brands
$14.20 /

+0.2 (+1.43%)

10/18/21 William Blair
Sovos Brands initiated with an Outperform at William Blair
10/18/21 JPMorgan
Sovos Brands initiated with an Overweight at JPMorgan
10/18/21 Loop Capital
Sovos Brands initiated with a Buy at Loop Capital
10/18/21 Stifel
Sovos Brands initiated with a Buy at Stifel
  • 23
    Sep
SOVO Sovos Brands
$14.20 /

+0.2 (+1.43%)

Initiation
Sovos Brands initiated with an Outperform at William Blair » 08:11
10/18/21
10/18
08:11
10/18/21
08:11
SOVO

Sovos Brands

$14.20 /

+0.2 (+1.43%)

William Blair analyst Jon…

William Blair analyst Jon Andersen initiated coverage of Sovos Brands with an Outperform rating and no price target. The company's current addressable market is approximately $26B and consists of "large, disruptable categories" such as pasta sauce, yogurt, authentic frozen entrees, and pancake and baking mixes, Andersen tells investors in a research note. Looking forward, the potential addressable market based on future categories is $53B, says the analyst.

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SOVO Sovos Brands
$14.20 /

+0.2 (+1.43%)

10/18/21 JPMorgan
Sovos Brands initiated with an Overweight at JPMorgan
10/18/21 Loop Capital
Sovos Brands initiated with a Buy at Loop Capital
10/18/21 Stifel
Sovos Brands initiated with a Buy at Stifel
10/18/21 Cowen
Sovos Brands initiated with an Outperform at Cowen
  • 23
    Sep
SOVO Sovos Brands
$14.20 /

+0.2 (+1.43%)

Initiation
Sovos Brands initiated with an Overweight at JPMorgan » 07:31
10/18/21
10/18
07:31
10/18/21
07:31
SOVO

Sovos Brands

/

+

JPMorgan analyst Ken…

JPMorgan analyst Ken Goldman initiated coverage of Sovos Brands with an Overweight rating and $17 price target, implying 20% upside. He models 14% annual revenue growth for the company through 2023, "well above the industry average." This growth outlook justifies a premium valuation for the stock, Goldman tells investors in a research note.

ShowHide Related Items >><<
SOVO Sovos Brands
/

+

10/18/21 Loop Capital
Sovos Brands initiated with a Buy at Loop Capital
10/18/21 Stifel
Sovos Brands initiated with a Buy at Stifel
10/18/21 Cowen
Sovos Brands initiated with an Outperform at Cowen
10/18/21 BofA
Sovos Brands initiated with a Buy at BofA
  • 23
    Sep
SOVO Sovos Brands
/

+

Initiation
Sovos Brands initiated with a Buy at Loop Capital » 07:21
10/18/21
10/18
07:21
10/18/21
07:21
SOVO

Sovos Brands

$14.20 /

+0.2 (+1.43%)

Loop Capital analyst…

Loop Capital analyst Alton Stump initiated coverage of Sovos Brands with a Buy rating and $20 price target.

ShowHide Related Items >><<
SOVO Sovos Brands
$14.20 /

+0.2 (+1.43%)

10/18/21 Stifel
Sovos Brands initiated with a Buy at Stifel
10/18/21 Cowen
Sovos Brands initiated with an Outperform at Cowen
10/18/21 BofA
Sovos Brands initiated with a Buy at BofA
10/18/21 Piper Sandler
Sovos Brands initiated with an Overweight at Piper Sandler
  • 23
    Sep
SOVO Sovos Brands
$14.20 /

+0.2 (+1.43%)

Initiation
Sovos Brands initiated with a Buy at Stifel » 07:01
10/18/21
10/18
07:01
10/18/21
07:01
SOVO

Sovos Brands

/

+

Stifel analyst…

Stifel analyst Christopher Growe initiated coverage of Sovos Brands with a Buy rating and $17 price target. He views the current valuation as attractive in relation to its growth, as Growe estimates 25% revenue growth and 20% EBITDA growth in 2021 followed by 8% sales growth and 14% EBITDA growth in 2022 with "a roughly similar rate in 2023," he tells investors. Sovos' strong, fast growing brands can sustain high single digit sales growth for "the foreseeable future," added the analyst.

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SOVO Sovos Brands
/

+

10/18/21 Cowen
Sovos Brands initiated with an Outperform at Cowen
10/18/21 BofA
Sovos Brands initiated with a Buy at BofA
10/18/21 Piper Sandler
Sovos Brands initiated with an Overweight at Piper Sandler
10/18/21 Credit Suisse
Sovos Brands initiated with an Outperform at Credit Suisse
  • 23
    Sep
SOVO Sovos Brands
/

+

Initiation
Sovos Brands initiated with an Outperform at Cowen » 06:13
10/18/21
10/18
06:13
10/18/21
06:13
SOVO

Sovos Brands

$14.20 /

+0.2 (+1.43%)

Cowen analyst Brian…

Cowen analyst Brian Holland initiated coverage of Sovos Brands with an Outperform rating and $20 price target.

ShowHide Related Items >><<
SOVO Sovos Brands
$14.20 /

+0.2 (+1.43%)

10/18/21 BofA
Sovos Brands initiated with a Buy at BofA
10/18/21 Piper Sandler
Sovos Brands initiated with an Overweight at Piper Sandler
10/18/21 Credit Suisse
Sovos Brands initiated with an Outperform at Credit Suisse
10/18/21 Telsey Advisory
Sovos Brands initiated with an Outperform at Telsey Advisory
  • 23
    Sep
SOVO Sovos Brands
$14.20 /

+0.2 (+1.43%)

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