Head to Head Review: Sovos Brands (SOVO) versus Its Peers

Sovos Brands (NASDAQ:SOVOGet Rating) is one of 33 public 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 risk, dividends, institutional ownership, valuation, profitability, analyst recommendations and earnings.

Institutional & Insider Ownership

92.3% of Sovos Brands shares are held by institutional investors. Comparatively, 55.3% of shares of all “Food & kindred products” companies are held by institutional investors. 17.6% of shares of all “Food & kindred products” companies are held by insiders. Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company will outperform the market over the long term.

Analyst Recommendations

This is a breakdown of current ratings and target prices 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 269 1079 1267 27 2.40

Sovos Brands presently has a consensus target price of $17.73, indicating a potential upside of 11.84%. As a group, “Food & kindred products” companies have a potential upside of 30.48%. Given Sovos Brands’ peers higher possible upside, analysts plainly believe Sovos Brands has less favorable growth aspects than its peers.

Valuation & Earnings

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

Gross Revenue Net Income Price/Earnings Ratio
Sovos Brands $719.19 million $1.92 million -44.03
Sovos Brands Competitors $7.65 billion $1.07 billion 4.67

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 -381.63% -18.33% -4.99%

Summary

Sovos Brands beats its peers on 6 of the 11 factors compared.

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.

Receive News & Ratings for Sovos Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sovos Brands and related companies with MarketBeat.com's FREE daily email newsletter.