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Reviewing Sovos Brands (SOVO) and Its Competitors

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 weigh in compared to its peers? We will compare Sovos Brands to related companies based on the strength of its profitability, analyst recommendations, dividends, risk, earnings, institutional ownership and valuation.

Profitability

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

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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 breakdown of current ratings and price targets for Sovos Brands and its peers, as provided 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 currently has a consensus target price 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 probable upside, analysts clearly believe Sovos Brands has less favorable growth aspects than its peers.

Insider and 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 large money managers, endowments and hedge funds believe a company is poised for long-term growth.

Valuation & Earnings

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

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.

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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