Sovos Brands, a Berkeley, California-based food and beverage holding company that owns brands like Rao's Homemade and Noosa yogurt, completed its initial public offering, selling 23.3 million shares at $12 each, below the $14 to $16 range previously announced.
Shares commenced trading on the Nasdaq, debuting at $14.75.
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| Latest market close | $22.98 |
|---|---|
| 52-week range | $21.46 - $23.00 |
| 50-day moving average | $22.34 |
| 200-day moving average | $21.48 |
| Wall St. target price | $23.00 |
| PE ratio | 79.2414 |
| Dividend yield | N/A |
| Earnings per share (TTM) | $0.29 |
The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.
This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.
Historical closes compared with the close of $22.98 from 2024-03-12
| 1 week (2024-10-06) | N/A |
|---|---|
| 1 month (2024-09-13) | N/A |
| 3 months (2024-07-13) | N/A |
| 6 months (2024-04-13) | N/A |
| 1 year (2023-10-17) | 2.59% |
|---|---|
| 2 years (2022-10-17) | 59.14% |
| 3 years (2021-10-15) | 62.17% |
| 5 years (2019-10-13) | N/A |
Valuing Sovos Brands stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of Sovos Brands's overall performance. However, analysts commonly use some key metrics to help gauge the value of a stock.
Sovos Brands's current share price divided by its per-share earnings (EPS) over a 12-month period gives a "trailing price/earnings ratio" of roughly 79x. In other words, Sovos Brands shares trade at around 79x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the NASDAQ 100 at the end of 2019 (27.29). The high P/E ratio could mean that investors are optimistic about the outlook for the shares or simply that they're over-valued.
However, Sovos Brands's P/E ratio is best considered in relation to those of others within the packaged foods industry or those of similar companies.
Sovos Brands's EBITDA (earnings before interest, taxes, depreciation and amortisation) is $131.7 million.
The EBITDA is a measure of a Sovos Brands's overall financial performance and is widely used to measure a its profitability.
To put Sovos Brands's EBITDA into context you can compare it against that of similar companies.
| Revenue TTM | $1 billion |
|---|---|
| Operating margin TTM | 11.19% |
| Gross profit TTM | $248.6 million |
| Return on assets TTM | 5.11% |
| Return on equity TTM | 6% |
| Profit margin | 2.96% |
| Book value | $5.22 |
| Market Capitalization | $2.3 billion |
TTM: trailing 12 months
We're not expecting Sovos Brands to pay a dividend over the next 12 months.
You may also wish to consider:
Over the last 12 months, Sovos Brands's shares have ranged in value from as little as $21.46 up to $23. A popular way to gauge a stock's volatility is its "beta".
Beta is a measure of a share's volatility in relation to the market. The market (NASDAQ average) beta is 1, while Sovos Brands's is 0.014. This would suggest that Sovos Brands's shares are less volatile than average (for this exchange).
To put Sovos Brands's beta into context you can compare it against those of similar companies.
Sovos Brands, Inc. , through its subsidiaries, operates as a consumer-packaged food company that manufactures, distributes, and sells consumer food products in the United States. It operates in two segments, Dinner and Sauces, and Breakfast and Snacks. The company's principal products comprise 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, and noosa brands. It sells its products principally to retail outlets and wholesale distributors, including traditional supermarkets, mass merchants, warehouse clubs, wholesalers, specialty food distributors, and military commissaries, as well as non-food outlets, including drug store chains, dollar stores, and e-commerce retailers. Sovos Brands, Inc. was incorporated in 2017 and is headquartered in Louisville, Colorado.
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