Sovos Brands (SOVO) Stock Price, News & Analysis

Company Overview

Sovos Brands, Inc., through its subsidiaries, operates as a consumer-packaged food company that manufactures, distributes, and sells consumer food products in the United States. It operates in two segments, Dinner and Sauces, and Breakfast and Snacks. The company's principal products comprise pasta sauces, dry pasta, soups, frozen entrees, frozen pizza, yogurts, pancake and waffle mixes, other baking mixes, and frozen waffles under the Rao's, Michael Angelo's, and noosa brands. It sells its products principally to retail outlets and wholesale distributors, including traditional supermarkets, mass merchants, warehouse clubs, wholesalers, specialty food distributors, and military commissaries, as well as non-food outlets, including drug store chains, dollar stores, and e-commerce retailers. Sovos Brands, Inc. was incorporated in 2017 and is headquartered in Louisville, Colorado. As of March 12, 2024, Sovos Brands, Inc. operates as a subsidiary of Campbell Soup Company.

Key Stats

• Today's Range: $22.98 to $22.98
• 50-Day Range: $22.19 to $22.98
• 52-Week Range: $13.48 to $23.00
• Volume: N/A
• Average Volume: 1.85 million shs
• Market Capitalization: $2.34 billion
• P/E Ratio: 79.24
• Dividend Yield: N/A
• Price Target: $23.00
• Consensus Rating: Hold

Sovos Brands Stock Analysis - MarketRank™

Sovos Brands scored higher than 12% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Sovos Brands has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.

Amount of Analyst Coverage

Sovos Brands has received no research coverage in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 20.43%

Earnings Growth

Earnings for Sovos Brands are expected to grow by 20.43% in the coming year, from $0.93 to $1.12 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Sovos Brands is 79.24, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 126.99.

Price to Earnings Ratio vs. Sector

The P/E ratio of Sovos Brands is 79.24, which means that it is trading at a less expensive P/E ratio than the Consumer Defensive sector average P/E ratio of about 207.35.

Price to Earnings Growth Ratio

Sovos Brands has a PEG Ratio of 1.44. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Sovos Brands has a P/B Ratio of 4.40. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for SOVO.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Sovos Brands does not currently pay a dividend.

Dividend Growth

Sovos Brands does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for SOVO.

News and Social Media

• Score: 0.0 / 5
• News Sentiment: 0.00

News Coverage This Week

MarketBeat has tracked 3 news articles for Sovos Brands this week, compared to 2 articles on an average week.

Company Ownership

• Score: 0.0 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Sovos Brands insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 8.10% of the stock of Sovos Brands is held by insiders.

SOVO Stock Analysis - Frequently Asked Questions

How were Sovos Brands' earnings last quarter?

Sovos Brands, Inc. (NASDAQ:SOVO) issued its quarterly earnings data on Wednesday, November, 8th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.04. The business's quarterly revenue was up 23.5% compared to the same quarter last year.

When did Sovos Brands IPO?

Sovos Brands (SOVO) raised $350 million in an initial public offering on Thursday, September 23rd 2021. The company issued 23,334,000 shares at a price of $14.00-$16.00 per share.

What other stocks do shareholders of Sovos Brands own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sovos Brands investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Broadcom (AVGO), Netflix (NFLX), Palo Alto Networks (PANW) and Invesco QQQ (QQQ).

Company Calendar

• Last Earnings: 11/08/2023
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Consumer Defensive
• Industry: Packaged Foods
• Sub-Industry: N/A
• Current Symbol: NASDAQ:SOVO
• CUSIP: N/A
• CIK: 1856608
• Web: www.sovosbrands.com
• Phone: 720-316-1225
• Fax: N/A
• Employees: 751
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $23.00
• High Stock Price Target: $23.00
• Low Stock Price Target: $23.00
• Potential Upside/Downside: +0.1%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $0.29
• Trailing P/E Ratio: 79.24
• Forward P/E Ratio: 24.71
• P/E Growth: 1.44
• Net Income: $30.17 million
• Net Margins: 2.96%
• Pretax Margin: 4.56%
• Return on Equity: 16.33%
• Return on Assets: 6.96%

Debt

• Debt-to-Equity Ratio: 0.91
• Current Ratio: 2.90
• Quick Ratio: 2.26

Sales & Book Value

• Annual Sales: $1.02 billion
• Price / Sales: 2.29
• Cash Flow: $1.16 per share
• Price / Cash Flow: 19.75
• Book Value: $5.22 per share
• Price / Book: 4.40

Miscellaneous

• Outstanding Shares: 101,856,000
• Free Float: 93,606,000
• Market Cap: $2.34 billion
• Optionable: Optionable
• Beta: 0.02