Sovos Brands Inc

Company Profile

Sovos Brands Inc had its IPO on 2021-09-23 under the ticker symbol SOVO.

The company operates in the Consumer Defensive sector and Packaged Foods industry. Sovos Brands Inc has a staff strength of 690 employees.

Stock update

Shares of Sovos Brands Inc opened at $22.58 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $22.56 - $22.63, and closed at $22.6.

This is a -0.04% slip from the previous day's closing price.

A total volume of 976,023 shares were traded at the close of the day’s session.

In the last one week, shares of Sovos Brands Inc have increased by +0.62%.

Sovos Brands Inc's Key Ratios

Sovos Brands Inc has a market cap of $2.28 billion, indicating a price to book ratio of 2.752 and a price to sales ratio of 1.6582.

In the last 12-months Sovos Brands Inc’s revenue was $941.43 million with a gross profit of $248.57 million and an EBITDA of $167.46 million. The EBITDA ratio measures Sovos Brands Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Sovos Brands Inc’s operating margin was 13.91% while its return on assets stood at 7.05% with a return of equity of -2.82%.

In Q2, Sovos Brands Inc’s quarterly earnings growth was a positive 93.9% while revenue growth was a positive 10.2%.

Sovos Brands Inc’s PE and PEG Ratio

Forward PE

26.6667

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-0.14 per share while it has a forward price to earnings multiple of 26.6667 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Sovos Brands Inc’s profitability.

Sovos Brands Inc stock is trading at a EV to sales ratio of 2.2254 and a EV to EBITDA ratio of 68.048. Its price to sales ratio in the trailing 12-months stood at 1.6582.

Sovos Brands Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$1.17 billion

Total Liabilities

$105.91 million

Operating Cash Flow

$-1398000.00

Capital Expenditure

$1.40 million

Dividend Payout Ratio

0%

Sovos Brands Inc ended 2024 with $1.17 billion in total assets and $0 in total liabilities. Its intangible assets were valued at $1.17 billion while shareholder equity stood at $501.71 million.

Sovos Brands Inc ended 2024 with $0 in deferred long-term liabilities, $105.91 million in other current liabilities, 101000.00 in common stock, $-90056000.00 in retained earnings and $395.40 million in goodwill. Its cash balance stood at $169.63 million and cash and short-term investments were $169.63 million. The company’s total short-term debt was $3,285,000 while long-term debt stood at $482.82 million.

Sovos Brands Inc’s total current assets stands at $353.78 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $67.89 million compared to accounts payable of $47.16 million and inventory worth $107.55 million.

In 2024, Sovos Brands Inc's operating cash flow was $-1398000.00 while its capital expenditure stood at $1.40 million.

Comparatively, Sovos Brands Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$22.6

52-Week High

$22.65

52-Week Low

$12.74

Analyst Target Price

$21.55

Sovos Brands Inc stock is currently trading at $22.6 per share. It touched a 52-week high of $22.65 and a 52-week low of $22.65. Analysts tracking the stock have a 12-month average target price of $21.55.

Its 50-day moving average was $20.62 and 200-day moving average was $16.92 The short ratio stood at 1.91 indicating a short percent outstanding of 0%.

Around 893.1% of the company’s stock are held by insiders while 8352.4% are held by institutions.