SNDL (NASDAQ:SNDL) Given New $4.00 Price Target at ATB Capital

SNDL (NASDAQ:SNDL) had its price target hoisted by ATB Capital from $3.50 to $4.00 in a research report released on Wednesday,BayStreet.CA reports.

SNDL Stock Down 1.9 %

SNDL opened at $1.57 on Wednesday. The firm’s 50 day simple moving average is $1.71 and its two-hundred day simple moving average is $1.88. The company has a market capitalization of $412.56 million, a PE ratio of -5.06 and a beta of 3.39. SNDL has a 1-year low of $1.40 and a 1-year high of $2.93. The company has a current ratio of 5.61, a quick ratio of 4.16 and a debt-to-equity ratio of 0.10.

SNDL (NASDAQ:SNDL) last released its earnings results on Tuesday, March 18th. The company reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.18). The company had revenue of $179.06 million for the quarter, compared to analysts’ expectations of $248.10 million. SNDL had a negative net margin of 12.11% and a negative return on equity of 8.27%. As a group, equities analysts forecast that SNDL will post -0.09 EPS for the current year.

Institutional Investors Weigh In On SNDL

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SNDL. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in shares of SNDL in the fourth quarter worth $25,000. EntryPoint Capital LLC bought a new position in SNDL in the 4th quarter worth $32,000. National Bank of Canada FI purchased a new stake in SNDL in the 4th quarter worth $33,000. Mackenzie Financial Corp bought a new stake in SNDL during the fourth quarter valued at about $35,000. Finally, Two Sigma Advisers LP purchased a new position in shares of SNDL in the fourth quarter valued at about $47,000.

About SNDL

SNDL Inc engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments segments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use and medical markets; sells wines, beers, and spirits through wholly owned liquor stores; and private sale of recreational cannabis through wholly owned and franchised retail cannabis stores.