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Reviewing Sovos Brands (SOVO) & The Competition

Defense World ·  09/02 13:42

Sovos Brands (NASDAQ:SOVO – Get Rating) is one of 33 publicly-traded companies in the "Food & kindred products" industry, but how does it contrast to its competitors? We will compare Sovos Brands to related businesses based on the strength of its valuation, analyst recommendations, earnings, dividends, profitability, risk and institutional ownership.

Institutional & Insider Ownership

92.1% of Sovos Brands shares are owned by institutional investors. Comparatively, 60.2% of shares of all "Food & kindred products" companies are owned by institutional investors. 9.2% of Sovos Brands shares are owned by company insiders. Comparatively, 13.0% of shares of all "Food & kindred products" companies are owned by company insiders. Strong institutional ownership is an indication that large money managers, endowments and hedge funds believe a stock will outperform the market over the long term.

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Earnings and Valuation

This table compares Sovos Brands and its competitors revenue, earnings per share and valuation.

Gross Revenue Net Income Price/Earnings Ratio
Sovos Brands $719.19 million $1.92 million -41.50
Sovos Brands Competitors $7.64 billion $1.07 billion 4.13
Sovos Brands' competitors have higher revenue and earnings than Sovos Brands. Sovos Brands is trading at a lower price-to-earnings ratio than its competitors, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Sovos Brands and its competitors' net margins, return on equity and return on assets .

Net Margins Return on Equity Return on Assets
Sovos Brands -4.47% 9.21% 3.97%
Sovos Brands Competitors -153.93% -184.25% -16.77%

Analyst Ratings

This is a summary of recent recommendations and price targets for Sovos Brands and its competitors, as reported by MarketBeat.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Sovos Brands 0 0 12 0 3.00
Sovos Brands Competitors 271 1087 1277 29 2.40

Sovos Brands currently has a consensus target price of $17.73, suggesting a potential upside of 18.66%. As a group, "Food & kindred products" companies have a potential upside of 35.69%. Given Sovos Brands' competitors higher probable upside, analysts plainly believe Sovos Brands has less favorable growth aspects than its competitors.

About Sovos Brands

(Get Rating)

Sovos Brands, Inc., through its subsidiaries, manufactures and distributes consumer food products in the United States. The company operates in two segments, Dinners & Sauces, and Breakfast & Snacks. It provides pasta sauces, dry pasta, soups, frozen entrees, yogurts, pancake and waffle mixes, other baking mixes, and frozen waffles under the Rao's, Michael Angelo's, noosa, and Birch Benders brands. The company sells its products principally to retail outlets and wholesale distributors, including traditional supermarkets, mass merchants, warehouse clubs, wholesalers, specialty food distributors, military commissaries, and non-food outlets, such as drug store chains, dollar stores, and e-commerce retailers. Sovos Brands, Inc. was founded in 1983 and is headquartered in Louisville, Colorado.

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