SunOpta (NASDAQ:STKL) Rating Lowered to Sell at StockNews.com

StockNews.com lowered shares of SunOpta (NASDAQ:STKL) (TSE:SOY) from a hold rating to a sell rating in a report issued on Monday.

Separately, Stephens reaffirmed an “overweight” rating and set a $10.00 price target on shares of SunOpta in a research report on Thursday, January 2nd.

SunOpta Trading Down 0.7 %

Shares of STKL stock opened at $5.68 on Monday. SunOpta has a fifty-two week low of $4.88 and a fifty-two week high of $8.11. The firm has a market capitalization of $680.12 million, a P/E ratio of -31.55 and a beta of 1.79. The stock’s fifty day moving average is $7.28 and its two-hundred day moving average is $6.96. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.06. The firm had revenue of $193.91 million during the quarter, compared to the consensus estimate of $189.90 million. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. Research analysts expect that SunOpta will post 0.13 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. grew its holdings in SunOpta by 16.6% during the third quarter. Rockefeller Capital Management L.P. now owns 5,504,837 shares of the company’s stock worth $35,122,000 after acquiring an additional 782,338 shares during the period. Hodges Capital Management Inc. lifted its position in shares of SunOpta by 1.2% in the fourth quarter. Hodges Capital Management Inc. now owns 3,646,861 shares of the company’s stock valued at $28,081,000 after acquiring an additional 42,232 shares in the last quarter. Granahan Investment Management LLC increased its stake in SunOpta by 26.9% in the fourth quarter. Granahan Investment Management LLC now owns 2,782,215 shares of the company’s stock valued at $21,423,000 after purchasing an additional 589,485 shares during the last quarter. Vanguard Group Inc. increased its stake in SunOpta by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 2,207,838 shares of the company’s stock valued at $17,002,000 after purchasing an additional 71,116 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in SunOpta by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,143,323 shares of the company’s stock valued at $16,508,000 after purchasing an additional 15,433 shares during the last quarter. Institutional investors and hedge funds own 85.39% of the company’s stock.

About SunOpta

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.