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

SunOpta (NASDAQ:STKL) (TSE:SOY) was downgraded by investment analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Monday.

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

SunOpta Stock Down 6.2 %

NASDAQ:STKL traded down $0.39 during mid-day trading on Monday, hitting $5.88. The company had a trading volume of 966,735 shares, compared to its average volume of 572,451. The business has a fifty day simple moving average of $7.36 and a 200-day simple moving average of $6.98. The firm has a market capitalization of $704.07 million, a price-to-earnings ratio of -32.66 and a beta of 1.79. SunOpta has a 1 year low of $4.88 and a 1 year high of $8.11. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its earnings results on Wednesday, February 26th. The company reported $0.06 EPS for the quarter, meeting the consensus estimate of $0.06. The business had revenue of $193.91 million for 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%. Equities analysts forecast that SunOpta will post 0.13 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SunOpta

A number of hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC boosted its stake in shares of SunOpta by 80.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company’s stock valued at $13,579,000 after buying an additional 951,462 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in SunOpta by 16.6% in the third quarter. Rockefeller Capital Management L.P. now owns 5,504,837 shares of the company’s stock valued at $35,122,000 after acquiring an additional 782,338 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in SunOpta by 65.6% during the 4th quarter. Harbor Capital Advisors Inc. now owns 1,761,922 shares of the company’s stock valued at $13,567,000 after acquiring an additional 698,004 shares during the last quarter. Granahan Investment Management LLC grew its holdings in SunOpta by 26.9% during the 4th quarter. Granahan Investment Management LLC now owns 2,782,215 shares of the company’s stock worth $21,423,000 after acquiring an additional 589,485 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased 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 purchasing an additional 542,832 shares during the last quarter. Institutional investors and hedge funds own 85.39% of the company’s stock.

SunOpta Company Profile

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.