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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Valuing a stock is incredibly difficult, and any metric has to be viewed as part of a bigger picture of overall performance. However, analysts commonly use some key metrics to help gauge value. Check out the Sovos Brands P/E ratio, PEG ratio and EBITDA
Sovos Brands's current stock 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 stocks trade at around 79x recent earnings.
That's relatively high compared to, say, the trailing 12-month P/E ratio for the United States stock markets on average as of November 09, 2023 (20.44). 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 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 that into context you can compare it against similar companies.
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