SunOpta (NASDAQ:STKL) Raised to “Hold” at StockNews.com

SunOpta (NASDAQ:STKL) (TSE:SOY) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Tuesday.

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

SunOpta Trading Down 1.0 %

STKL opened at $5.67 on Tuesday. The stock has a market capitalization of $678.92 million, a PE ratio of -31.50 and a beta of 1.90. The firm’s fifty day moving average price is $7.08 and its 200 day moving average price is $6.95. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53. SunOpta has a 12-month low of $4.88 and a 12-month high of $8.11.

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

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of STKL. Geode Capital Management LLC lifted its position in shares of SunOpta by 80.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company’s stock worth $13,579,000 after buying an additional 951,462 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in shares of SunOpta by 16.6% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 5,504,837 shares of the company’s stock worth $35,122,000 after buying an additional 782,338 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of SunOpta by 65.6% in the 4th quarter. Harbor Capital Advisors Inc. now owns 1,761,922 shares of the company’s stock worth $13,567,000 after buying an additional 698,004 shares during the last quarter. Granahan Investment Management LLC lifted its position in shares of SunOpta by 26.9% in the 4th quarter. Granahan Investment Management LLC now owns 2,782,215 shares of the company’s stock worth $21,423,000 after buying an additional 589,485 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of SunOpta by 250.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 759,869 shares of the company’s stock worth $4,848,000 after buying an additional 542,832 shares during the last quarter. 85.39% of the stock is currently owned by institutional investors.

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.