SunOpta (NASDAQ:STKL – Get Rating) (TSE:SOY) was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Friday.
Separately, BMO Capital Markets reduced their target price on shares of SunOpta from $13.00 to $12.00 and set an “outperform” rating on the stock in a research report on Friday, March 3rd.
SunOpta Trading Down 4.9 %
NASDAQ:STKL opened at $7.71 on Friday. The company has a 50-day moving average price of $7.97 and a 200-day moving average price of $8.50. SunOpta has a 12 month low of $4.89 and a 12 month high of $11.67. The company has a current ratio of 1.88, a quick ratio of 0.59 and a debt-to-equity ratio of 0.85. The stock has a market cap of $908.85 million, a price-to-earnings ratio of -96.38 and a beta of 1.48.
SunOpta (NASDAQ:STKL – Get Rating) (TSE:SOY) last announced its earnings results on Wednesday, March 1st. The company reported $0.02 earnings per share (EPS) for the quarter. SunOpta had a positive return on equity of 2.61% and a negative net margin of 0.61%. The firm had revenue of $221.29 million during the quarter, compared to analyst estimates of $220.60 million. During the same quarter in the prior year, the company earned ($0.01) EPS. The business’s revenue was up 8.4% compared to the same quarter last year. Equities analysts predict that SunOpta will post 0.01 EPS for the current year.
Insider Transactions at SunOpta
In related news, SVP Mike Buick sold 7,000 shares of the firm’s stock in a transaction that occurred on Friday, March 10th. The shares were sold at an average price of $7.80, for a total transaction of $54,600.00. Following the completion of the sale, the senior vice president now owns 146,519 shares of the company’s stock, valued at $1,142,848.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.68% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of the company. Nisa Investment Advisors LLC raised its position in SunOpta by 44.8% in the third quarter. Nisa Investment Advisors LLC now owns 5,429 shares of the company’s stock worth $61,000 after acquiring an additional 1,679 shares during the period. Advisory Research Inc. purchased a new stake in SunOpta in the third quarter worth about $1,211,000. Truist Financial Corp purchased a new stake in SunOpta in the third quarter worth about $158,000. Strs Ohio purchased a new stake in SunOpta in the third quarter worth about $160,000. Finally, Boothbay Fund Management LLC increased its position in SunOpta by 67.5% in the third quarter. Boothbay Fund Management LLC now owns 150,545 shares of the company’s stock worth $1,370,000 after buying an additional 60,676 shares in the last quarter. 74.11% of the stock is owned by hedge funds and other institutional investors.
SunOpta Company Profile
SunOpta Inc manufactures and sells plant-based and fruit-based food and beverage products to retail customers, foodservice distributors, branded food companies, and food manufacturers worldwide. The company operates through two segments, Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages.