SOVO - Sovos Brands, Inc. Stock Price, Fair Value and News

22.98USD Market Closed

Market Summary

USD22.98

Market Closed

SOVO Stock Price

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SOVO RSI Chart

SOVO Valuation

Market Cap

2.3B

Price/Earnings (Trailing)

77.57

Price/Sales (Trailing)

2.29

EV/EBITDA

55.92

Price/Free Cashflow

25.04

SOVO Price/Sales (Trailing)

SOVO Profitability

EBT Margin

4.56%

Return on Equity

5.69%

Return on Assets

2.44%

Free Cashflow Yield

3.99%

SOVO Fundamentals

SOVO Revenue

Revenue (TTM)

1.0B

Rev. Growth (Yr)

11.43%

Rev. Growth (Qtr)

13.22%

SOVO Earnings

Earnings (TTM)

30.2M

Earnings Growth (Yr)

154.08%

Earnings Growth (Qtr)

987.87%

Breaking Down SOVO Revenue

Last 7 days

0.8%

Last 30 days

3.9%

Last 90 days

4.5%

Trailing 12 Months

72.4%

How does SOVO drawdown profile look like?

SOVO Financial Health

Current Ratio

2.9

Debt/Equity

0.91

Debt/Cashflow

0.22

SOVO Investor Care

Shares Dilution (1Y)

0.49%

Diluted EPS (TTM)

0.29

Historical Charts for Stock Metrics

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Net sales

Year	Q1	Q2	Q3	Q4
2023	921.2M	941.4M	990.5M	1.0B
2022	739.7M	775.3M	805.5M	878.4M
2021	599.8M	639.6M	679.4M	719.2M
2020	0	0	474.0M	560.1M
2019	0	0	0	388.0M

Get all data in R, Python etc through our Historical Stock Data APIs

GRUFITY'S FAIR VALUE MODEL

Stocks Marked 'Very Cheap' by Grufity's Fair Value Model Have Outperformed Russell 2000 Index

Small Caps and Mid Caps are mostly overlooked by investors as all the focus goes to Magnificent 7. These stocks that are not part of the beauty contest require a deeper look. However, all large cap stocks were once small caps. Grufity's Fair Value model opens up this unverse as it separates high-performing, rewarding stocks from low-performing risky stocks. <b>Russell 2000 stocks that were marked 'Very Cheap' by the model doubled in three years while the index was flat.</b>

Returns of $10,000 invested in:

Very Cheap Stocks: $21,859
Russell 2000 Index: $10,334
Very Expensive Stocks: $8,224

Russell 2000 stocks considered 'Very Cheap' by the model greatly outperformed Russell 2000 index and the 'Very Expensive' bucket over past three years.

Russell 2000 Index

Very Expensive Stocks

Very Cheap Stocks

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Tracking the Latest Insider Buys and Sells of Sovos Brands, Inc.

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
Mar 12, 2024	cretella risa	back to issuer	-	-	-356,808	chief sales officer
Mar 12, 2024	advent international, l.p.	back to issuer	-997,304,000	23.00	-43,361,100	-
Mar 12, 2024	johnson william r	back to issuer	-	-	-1,434,740	-
Mar 12, 2024	jones isobel a	back to issuer	-	-	-189,465	clo, gc and secretary
Mar 12, 2024	lachman todd r	back to issuer	-	-	-2,550,610	ceo
Mar 12, 2024	lachman todd r	back to issuer	-	-	-334,828	ceo
Mar 12, 2024	case jefferson m	back to issuer	-997,304,000	23.00	-43,361,100	-
Mar 12, 2024	lachman todd r	acquired	-	-	513,010	ceo
Mar 12, 2024	mathur neha	back to issuer	-997,304,000	23.00	-43,361,100	-
Mar 12, 2024	jensen kirk a.	acquired	-	-	85,596	chief operating officer

Which funds bought or sold SOVO recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
Apr 11, 2024	Fortitude Family Office, LLC	sold off	-100	-12,711	-	-%
Apr 09, 2024	MASSMUTUAL TRUST CO FSB/ADV	sold off	-100	-286	-	-%
Apr 05, 2024	LOS ANGELES CAPITAL MANAGEMENT LLC	sold off	-100	-220,036	-	-%
Mar 27, 2024	NOMURA HOLDINGS INC	new	-	1,762,400	1,762,400	-%
Mar 22, 2024	PNC FINANCIAL SERVICES GROUP, INC.	reduced	-54.69	-144,963	115,130	-%
Mar 21, 2024	HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND	added	2.97	16,180	2,753,750	0.01%
Mar 11, 2024	VANGUARD GROUP INC	added	8.66	6,841,980	117,955,000	-%
Mar 01, 2024	GOLDMAN SACHS GROUP INC	added	74.02	20,294,500	49,284,200	-%
Feb 28, 2024	AMERICAN INTERNATIONAL GROUP, INC.	added	8.00	31,597	605,517	-%
Feb 26, 2024	TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY	sold off	-100	-726,000	-	-%

Are Funds Buying or Selling SOVO?

Are funds buying SOVO calls or puts?

Calls

Puts

No. of funds holding Calls - Puts

Net Call Options

No. of funds that own SOVO

No. of Funds

Unveiling Sovos Brands, Inc.'s Major ShareHolders

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 14, 2024	advent international, l.p.	42.0%	42,612,154	SC 13G/A
Feb 13, 2024	vanguard group inc	5.28%	5,354,289	SC 13G
Feb 09, 2024	capital world investors	0.9%	963,207	SC 13G/A
Feb 08, 2024	wellington management group llp	1.33%	1,352,465	SC 13G/A
Aug 08, 2023	campbell soup co	34%	34,448,203	SC 13D
Feb 14, 2023	advent international corp/ma	53.2%	53,762,154	SC 13G/A
Feb 13, 2023	capital world investors	5.2%	5,297,349	SC 13G
Feb 06, 2023	wellington management group llp	6.16%	6,218,132	SC 13G/A
Feb 14, 2022	advent international corp/ma	63.0%	63,537,154	SC 13G
Feb 04, 2022	wellington management group llp	5.67%	5,717,666	SC 13G

Recent SEC filings of Sovos Brands, Inc.

View All Filings

Date Filed	Form Type	Document
Mar 22, 2024	15-12G	15-12G
Mar 15, 2024	4/A	Insider Trading
Mar 14, 2024	4	Insider Trading
Mar 14, 2024	4/A	Insider Trading
Mar 14, 2024	4	Insider Trading
Mar 14, 2024	4	Insider Trading
Mar 14, 2024	4	Insider Trading
Mar 14, 2024	4	Insider Trading
Mar 14, 2024	4	Insider Trading
Mar 14, 2024	4	Insider Trading

Peers (Alternatives to Sovos Brands, Inc.)

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
ADM	30.9B	93.9B	2.06%	-25.99%	8.86	0.33	-7.50%	-19.75%
BG	15.1B	61.3B	8.77%	10.11%	7.69	0.25	-8.91%	30.43%
CAG	14.2B	12.1B	6.06%	-19.48%	14.95	1.17	-0.78%	18.26%
CPB	12.7B	9.3B	0.02%	-22.02%	16.63	1.37	1.02%	-5.78%
ACI	11.7B	79.2B	-2.69%	-2.17%	8.59	0.15	3.12%	-18.15%
MID-CAP
BRBR	7.1B	1.7B	-9.12%	59.88%	43.23	4.12	21.49%	39.64%
FRPT	5.1B	766.9M	-3.53%	62.07%	-151.81	6.65	28.82%	43.50%
FLO	4.8B	5.1B	0.97%	-14.70%	39.11	0.95	5.93%	-45.96%
CALM	2.9B	2.4B	1.55%	8.98%	10.66	1.24	-22.17%	-63.60%
CENT	2.6B	3.3B	-6.68%	27.03%	19.64	0.8	0.37%	-0.15%
SMALL-CAP
ANDE	1.9B	14.8B	7.53%	38.35%	19.19	0.13	-14.86%	-22.80%
BGS	838.1M	2.1B	-0.84%	-28.06%	-12.66	0.41	-4.65%	-482.22%
BYND	419.8M	343.4M	-23.65%	-56.21%	-1.24	1.22	-18.04%	7.65%
ALCO	205.8M	106.3M	-4.36%	11.94%	4.29	1.94	34.67%	5930.90%
AQB	6.8M	2.5M	-18.98%	201.72%	-0.24	2.73	-21.18%	-24.37%

Sovos Brands, Inc. News

Latest updates

Sovos Brands, Inc. Earnings Report: Key Takeaways & Analysis

Income Statement (Last 12 Months)

(*) denotes actual numbers (not divided by Thousands)
Income Statement (Quarterly)															(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Revenue	13.2%	292,051,000	257,944,000	217,635,000	252,791,000	262,098,000	208,907,000	197,433,000	209,933,000	189,244,000	178,733,000	161,838,000	189,371,000	163,149,500	136,928,000	-
Gross Profit	14.4%	87,474,000	76,493,000	70,707,000	70,812,000	75,917,000	61,817,000	55,023,000	53,908,000	59,492,000	49,855,000	49,703,000	61,742,000	-	45,665,000	-
Operating Expenses	-11.0%	57,383,000	64,510,000	53,637,000	49,394,000	104,160,000	51,174,000	88,701,000	41,118,000	61,598,000	38,425,000	43,667,000	40,623,000	-	-	-
S&GA Expenses	-12.2%	51,329,000	58,471,000	47,633,000	43,414,000	45,696,000	43,965,000	39,449,000	33,915,000	43,693,000	31,189,000	26,745,000	33,433,000	-	33,311,000	-
EBITDA Margin	433.8%	0.05	-0.01	-0.01	-0.06	-0.06	-0.04	-0.06	0.00	0.03	0.05	0.05	0.05	0.06	-	-
Interest Expenses	6.3%	-8,077,000	-8,621,000	-8,678,000	-8,701,000	-9,437,000	-6,679,000	-5,713,000	-6,022,000	-18,338,000	-12,547,000	6,699,000	5,367,000	-	4,293,000	-
Income Taxes	235.8%	6,501,000	1,936,000	3,003,000	4,871,000	-8,993,000	2,500,000	-9,106,000	2,711,000	-4,538,000	3,497,000	676,000	4,040,000	-	-226,000	-
Earnings Before Taxes	554.8%	22,014,000	3,362,000	8,392,000	12,717,000	-37,680,000	3,964,000	-39,391,000	6,768,000	-8,378,000	-1,117,000	-663,000	15,752,000	-	2,010,000	-
EBT Margin	441.6%	0.05	-0.01	-0.01	-0.07	-0.08	-0.05	-0.05	0.00	0.01	0.03	0.03	0.03	0.03	-	-
Net Income	987.9%	15,513,000	1,426,000	5,389,000	7,846,000	-28,687,000	1,464,000	-30,285,000	4,057,000	-3,840,000	-4,614,000	-1,339,000	11,712,000	-	2,236,000	-
Net Income Margin	308.8%	0.03	-0.01	-0.01	-0.05	-0.06	-0.04	-0.04	-0.01	0.00	0.02	0.02	0.02	0.02	-	-
Free Cashflow	-10.4%	29,520,000	32,931,000	16,008,000	15,004,000	16,747,000	9,287,000	2,525,000	4,019,000	19,567,000	3,193,000	9,037,000	964,000	-	-	-

Balance Sheet

(In Millions)

(*) denotes actual numbers (not divided by Millions)
Balance Sheet											(In Millions)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2020Q4
Assets	3.5%	1,235	1,193	1,166	1,166	1,159	1,179	1,157	1,190	1,178	1,183	1,145
Current Assets	11.8%	433	387	354	346	331	256	227	210	195	195	149
Cash Equivalents	14.5%	232	203	170	154	139	82.00	73.00	70.00	66.00	43.00	37.00
Inventory	18.5%	96.00	81.00	108	87.00	93.00	84.00	77.00	50.00	52.00	60.00	47.00
Net PPE	2.8%	65.00	63.00	62.00	63.00	64.00	65.00	67.00	68.00	63.00	57.00	59.00
Goodwill	0%	395	395	395	395	395	395	395	437	437	437	437
Liabilities	3.0%	705	684	664	677	683	679	665	673	668	973	548
Current Liabilities	16.5%	149	128	106	116	122	116	101	97.00	92.00	103	100
Long Term Debt	0.0%	484	484	483	483	482	482	482	482	481	769	360
LT Debt, Current	-	0.00	-	-	-	0.00	-	-	-	-	-	-
Shareholder's Equity	4.1%	530	509	502	489	476	499	492	518	509	211	597
Retained Earnings	17.5%	-73.12	-88.63	-90.06	-95.44	-103	-74.60	-76.07	-45.78	-49.84	-46.00	-51.76
Additional Paid-In Capital	1.0%	602	596	590	583	578	572	568	563	559	256	654
Shares Outstanding	0.1%	101	101	101	101	101	101	101	101	81.00	74.00	74.00
Float	-	-	-	1,070	-	-	-	442	-	-	-	-

Cashflow (Last 12 Months)

(In Thousands)

(*) denotes actual numbers (not divided by Thousands)
Cashflow (Quarterly)															(In Thousands)
Description	(%) Q/Q	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4	2021Q3	2021Q2	2021Q1	2020Q4	2020Q3	2019Q4
Cashflow From Operations	-5.9%	34,304	36,437	17,406	17,177	18,625	10,496	5,075	11,199	28,638	5,700	10,274	2,331	-	-	-
Share Based Compensation	-3.2%	6,165	6,367	6,419	5,508	5,198	4,606	4,547	4,087	7,739	979	544	561	-	-	-
Cashflow From Investing	-36.5%	-4,784	-3,506	-1,398	-2,173	38,122	-1,209	-2,550	-7,180	-9,071	-2,507	-1,237	-1,367	-	-	-
Cashflow From Financing	-75.0%	-56.00	-32.00	-21.00	-20.00	-19.00	-12.00	-23.00	-24.00	3,472	-55.00	-13,031	5,981	-	-	-
Dividend Payments	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

SOVO Income Statement

2023-12-30

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 30, 2023	Dec. 31, 2022	Dec. 25, 2021
Condensed Consolidated Statements of Operations
Net sales	$ 1,020,421	$ 878,371	$ 719,186
Revenue, Product and Service [Extensible Enumeration]	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember
Cost of sales	$ 714,935	$ 631,706	$ 498,394
Cost, Product and Service [Extensible Enumeration]	us-gaap:ProductMember	us-gaap:ProductMember	us-gaap:ProductMember
Gross profit	$ 305,486	$ 246,665	$ 220,792
Operating expenses:
Selling, general and administrative	200,847	163,025	135,060
Depreciation and amortization	24,077	28,785	28,871
Loss on asset sale		51,291
Impairment of goodwill	0	42,052	0
Loss on extinguishment of debt			15,382
Forgiveness of capital advance			5,000
Total operating expenses	224,924	285,153	184,313
Operating income (loss)	80,562	(38,488)	36,479
Interest (income)	(8,503)	(1,050)	(102)
Interest expense	42,580	28,901	30,987
Interest expense, net	34,077	27,851	30,885
Income (loss) before income taxes	46,485	(66,339)	5,594
Income tax (expense) benefit	(16,311)	12,888	(3,675)
Net income (loss)	$ 30,174	$ (53,451)	$ 1,919
Earnings (loss) per share:
Basic (in dollars per share)	$ 0.30	$ (0.53)	$ 0.02
Diluted (in dollars per share)	$ 0.29	$ (0.53)	$ 0.02
Weighted average shares outstanding:
Basic (in shares)	101,303,730	100,917,978	80,616,326
Diluted (in shares)	103,143,363	100,917,978	80,616,326

SOVO Balance Sheet

2023-12-30

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 30, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 231,988	$ 138,654
Accounts receivable, net	97,655	87,695
Inventories, net	95,515	92,602
Prepaid expenses and other current assets	7,843	11,974
Total current assets	433,001	330,925
Property and equipment, net	64,699	64,317
Operating lease right-of-use assets	11,447	13,332
Goodwill	395,399	395,399
Intangible assets, net	329,122	351,547
Other long-term assets	1,313	3,279
TOTAL ASSETS	1,234,981	1,158,799
CURRENT LIABILITIES:
Accounts payable	64,486	49,264
Accrued expenses	81,356	69,571
Current portion of long-term debt	184	99
Current portion of long-term operating lease liabilities	3,275	3,308
Total current liabilities	149,301	122,242
Long-term debt, net of debt issuance costs	483,800	482,344
Deferred income taxes	60,157	63,644
Long-term operating lease liabilities	11,388	14,063
Other long-term liabilities	346	483
TOTAL LIABILITIES	704,992	682,776
COMMITMENTS AND CONTINGENCIES (Note 12)
STOCKHOLDERS' EQUITY:
Preferred stock, $0.001 par value per share, 10,000,000 shares authorized, no shares issued and outstanding
Common stock, $0.001 par value per share, 500,000,000 shares authorized, 101,455,355 and 100,967,910 shares issued and outstanding as of December 30, 2023 and December 31, 2022, respectively	101	101
Additional paid-in-capital	602,123	577,664
Accumulated deficit	(73,117)	(103,291)
Accumulated other comprehensive income	882	1,549
TOTAL STOCKHOLDERS' EQUITY	529,989	476,023
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 1,234,981	$ 1,158,799

About Sovos Brands, Inc.

Sovos Brands, Inc., through its subsidiaries, operates as a consumer-packaged food company that manufactures and distributes consumer food products in the United States. The company operates in two segments, Dinner and Sauces, and Breakfast and Snacks. It provides pasta sauces, dry pasta, soups, frozen entrees, frozen pizza, 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 incorporated in 2017 and is headquartered in Louisville, Colorado.

CEO	Mr. Todd R. Lachman
WEBSITE	sovosbrands.com
INDUSTRY	Packaged Foods
EMPLOYEES	690

Sovos Brands, Inc. Frequently Asked Questions

What is the ticker symbol for Sovos Brands, Inc.? What does SOVO stand for in stocks?

SOVO is the stock ticker symbol of Sovos Brands, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of Sovos Brands, Inc. (SOVO)?

As of Tue Mar 12 2024, market cap of Sovos Brands, Inc. is 2.34 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of SOVO stock?

You can check SOVO's fair value in chart for subscribers.

What is the fair value of SOVO stock?

You can check SOVO's fair value in chart for subscribers. The fair value of Sovos Brands, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of Sovos Brands, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for SOVO so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is Sovos Brands, Inc. a good stock to buy?

The fair value guage provides a quick view whether SOVO is over valued or under valued. Whether Sovos Brands, Inc. is cheap or expensive depends on the assumptions which impact Sovos Brands, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for SOVO.

What is Sovos Brands, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Tue Mar 12 2024, SOVO's PE ratio (Price to Earnings) is 77.57 and Price to Sales (PS) ratio is 2.29. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. SOVO PE ratio will change depending on the future growth rate expectations of investors.