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Contrasting Sovos Brands (SOVO) and Its Rivals

Defense World ·  {{timeTz}}

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

Earnings and Valuation

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

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Gross Revenue Net Income Price/Earnings Ratio
Sovos Brands $719.19 million $1.92 million -41.47
Sovos Brands Competitors $7.64 billion $1.07 billion 4.09

Sovos Brands' peers have higher revenue and earnings than Sovos Brands. Sovos Brands is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.

Profitability

This table compares Sovos Brands and its peers' 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%

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

Analyst Recommendations

This is a breakdown of current recommendations for Sovos Brands and its peers, as reported by MarketBeat.com.

Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Sovos Brands 0 0 12 0 3.00
Sovos Brands Competitors 271 1089 1278 29 2.40

Sovos Brands presently has a consensus price target of $17.73, suggesting a potential upside of 18.74%. As a group, "Food & kindred products" companies have a potential upside of 37.92%. Given Sovos Brands' peers higher possible upside, analysts plainly believe Sovos Brands has less favorable growth aspects than its peers.

Sovos Brands Company Profile

(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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