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SOVO

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

22.98USD Delayed

Market Summary

SOVO
USD22.98
Delayed

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

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023921.2M941.4M990.5M1.0B
2022739.7M775.3M805.5M878.4M
2021599.8M639.6M679.4M719.2M
202000474.0M560.1M
2019000388.0M
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Very Expensive Stocks: $8,224


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

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Which funds bought or sold SOVO recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
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
Virtu Financial LLC
sold off
-100
-837,000
-
-%
Feb 26, 2024
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
sold off
-100
-726,000
-
-%

1–10 of 43

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 FiledName of FilerPercent of ClassNo. of SharesForm 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.)

NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
32.6B
93.9B
16.37% -21.49%
9.35
0.35
-7.50% -19.75%
15.6B
61.3B
14.79% 13.09%
7.97
0.26
-8.91% 30.43%
14.6B
12.1B
7.22% -19.31%
15.36
1.21
-0.78% 18.26%
13.0B
9.3B
1.56% -21.71%
17
1.4
1.02% -5.78%
12.0B
79.2B
- -0.10%
8.85
0.15
3.12% -18.15%
MID-CAP
7.4B
1.7B
-2.83% 67.87%
44.57
4.25
21.49% 39.64%
5.4B
766.9M
4.48% 74.57%
-161.99
7.1
28.82% 43.50%
4.8B
5.1B
-1.30% -16.10%
38.95
0.94
5.93% -45.96%
3.0B
2.4B
5.11% 6.81%
10.87
1.26
-22.17% -63.60%
2.7B
3.3B
-3.61% 24.52%
19.75
0.8
0.37% -0.15%
SMALL-CAP
1.9B
14.8B
5.66% 40.44%
19.16
0.13
-14.86% -22.80%
849.1M
2.1B
-5.43% -31.41%
-12.83
0.41
-4.65% -482.22%
456.0M
343.4M
-10.76% -53.25%
-1.35
1.33
-18.04% 7.65%
217.4M
106.3M
6.32% 11.59%
4.54
2.05
34.67% 5930.90%
6.9M
2.5M
-16.90% 200.00%
-0.25
2.78
-21.18% -24.37%

Sovos Brands, Inc. News

Latest updates
Defense World9 hours ago
Defense World02 Apr 202408:15 am
The Motley Fool8 months ago

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

Income Statement (Last 12 Months)
Income Statement (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32019Q4
Revenue13.2%292,051,000257,944,000217,635,000252,791,000262,098,000208,907,000197,433,000209,933,000189,244,000178,733,000161,838,000189,371,000163,149,500136,928,000-
Gross Profit14.4%87,474,00076,493,00070,707,00070,812,00075,917,00061,817,00055,023,00053,908,00059,492,00049,855,00049,703,00061,742,000-45,665,000-
Operating Expenses-11.0%57,383,00064,510,00053,637,00049,394,000104,160,00051,174,00088,701,00041,118,00061,598,00038,425,00043,667,00040,623,000---
  S&GA Expenses-12.2%51,329,00058,471,00047,633,00043,414,00045,696,00043,965,00039,449,00033,915,00043,693,00031,189,00026,745,00033,433,000-33,311,000-
EBITDA Margin433.8%0.05-0.01-0.01-0.06-0.06-0.04-0.060.000.030.050.050.050.06--
Interest Expenses6.3%-8,077,000-8,621,000-8,678,000-8,701,000-9,437,000-6,679,000-5,713,000-6,022,000-18,338,000-12,547,0006,699,0005,367,000-4,293,000-
Income Taxes235.8%6,501,0001,936,0003,003,0004,871,000-8,993,0002,500,000-9,106,0002,711,000-4,538,0003,497,000676,0004,040,000--226,000-
Earnings Before Taxes554.8%22,014,0003,362,0008,392,00012,717,000-37,680,0003,964,000-39,391,0006,768,000-8,378,000-1,117,000-663,00015,752,000-2,010,000-
EBT Margin441.6%0.05-0.01-0.01-0.07-0.08-0.05-0.050.000.010.030.030.030.03--
Net Income987.9%15,513,0001,426,0005,389,0007,846,000-28,687,0001,464,000-30,285,0004,057,000-3,840,000-4,614,000-1,339,00011,712,000-2,236,000-
Net Income Margin308.8%0.03-0.01-0.01-0.05-0.06-0.04-0.04-0.010.000.020.020.020.02--
Free Cashflow-10.4%29,520,00032,931,00016,008,00015,004,00016,747,0009,287,0002,525,0004,019,00019,567,0003,193,0009,037,000964,000---
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32020Q4
Assets3.5%1,2351,1931,1661,1661,1591,1791,1571,1901,1781,1831,145
  Current Assets11.8%433387354346331256227210195195149
    Cash Equivalents14.5%23220317015413982.0073.0070.0066.0043.0037.00
  Inventory18.5%96.0081.0010887.0093.0084.0077.0050.0052.0060.0047.00
  Net PPE2.8%65.0063.0062.0063.0064.0065.0067.0068.0063.0057.0059.00
  Goodwill0%395395395395395395395437437437437
Liabilities3.0%705684664677683679665673668973548
  Current Liabilities16.5%14912810611612211610197.0092.00103100
  Long Term Debt0.0%484484483483482482482482481769360
    LT Debt, Current-0.00---0.00------
Shareholder's Equity4.1%530509502489476499492518509211597
  Retained Earnings17.5%-73.12-88.63-90.06-95.44-103-74.60-76.07-45.78-49.84-46.00-51.76
  Additional Paid-In Capital1.0%602596590583578572568563559256654
Shares Outstanding0.1%10110110110110110110110181.0074.0074.00
Float---1,070---442----
Cashflow (Last 12 Months)
(In Thousands)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q42023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32019Q4
Cashflow From Operations-5.9%34,30436,43717,40617,17718,62510,4965,07511,19928,6385,70010,2742,331---
  Share Based Compensation-3.2%6,1656,3676,4195,5085,1984,6064,5474,0877,739979544561---
Cashflow From Investing-36.5%-4,784-3,506-1,398-2,17338,122-1,209-2,550-7,180-9,071-2,507-1,237-1,367---
Cashflow From Financing-75.0%-56.00-32.00-21.00-20.00-19.00-12.00-23.00-24.003,472-55.00-13,0315,981---
  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:ProductMemberus-gaap:ProductMemberus-gaap:ProductMember
Cost of sales$ 714,935$ 631,706$ 498,394
Cost, Product and Service [Extensible Enumeration]us-gaap:ProductMemberus-gaap:ProductMemberus-gaap:ProductMember
Gross profit$ 305,486$ 246,665$ 220,792
Operating expenses:   
Selling, general and administrative200,847163,025135,060
Depreciation and amortization24,07728,78528,871
Loss on asset sale 51,291 
Impairment of goodwill042,0520
Loss on extinguishment of debt  15,382
Forgiveness of capital advance  5,000
Total operating expenses224,924285,153184,313
Operating income (loss)80,562(38,488)36,479
Interest (income)(8,503)(1,050)(102)
Interest expense42,58028,90130,987
Interest expense, net34,07727,85130,885
Income (loss) before income taxes46,485(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)101,303,730100,917,97880,616,326
Diluted (in shares)103,143,363100,917,97880,616,326

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, net97,65587,695
Inventories, net95,51592,602
Prepaid expenses and other current assets7,84311,974
Total current assets433,001330,925
Property and equipment, net64,69964,317
Operating lease right-of-use assets11,44713,332
Goodwill395,399395,399
Intangible assets, net329,122351,547
Other long-term assets1,3133,279
TOTAL ASSETS1,234,9811,158,799
CURRENT LIABILITIES:  
Accounts payable64,48649,264
Accrued expenses81,35669,571
Current portion of long-term debt18499
Current portion of long-term operating lease liabilities3,2753,308
Total current liabilities149,301122,242
Long-term debt, net of debt issuance costs483,800482,344
Deferred income taxes60,15763,644
Long-term operating lease liabilities11,38814,063
Other long-term liabilities346483
TOTAL LIABILITIES704,992682,776
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, $0.001 par value per share, 500,000,000 shares authorized, 101,455,355 and 100,967,910 shares issued and outstanding as of December 30, 2023 and December 31, 2022, respectively101101
Additional paid-in-capital602,123577,664
Accumulated deficit(73,117)(103,291)
Accumulated other comprehensive income8821,549
TOTAL STOCKHOLDERS' EQUITY529,989476,023
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY$ 1,234,981$ 1,158,799
SOVO
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
 WEBSITEsovosbrands.com
 INDUSTRYPackaged Foods
 EMPLOYEES690

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.