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

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

Separately, DA Davidson restated a “buy” rating and issued a $9.00 price objective on shares of SunOpta in a report on Thursday, October 10th.

SunOpta Price Performance

Shares of STKL opened at $6.80 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.27 and a debt-to-equity ratio of 1.67. The stock has a market cap of $812.26 million, a PE ratio of -4.89 and a beta of 1.83. SunOpta has a 12-month low of $3.80 and a 12-month high of $7.59. The business has a 50-day simple moving average of $6.23 and a two-hundred day simple moving average of $5.85.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.02 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.01. SunOpta had a positive return on equity of 6.51% and a negative net margin of 23.23%. The company had revenue of $171.00 million during the quarter, compared to the consensus estimate of $159.95 million. During the same quarter in the prior year, the firm posted ($0.03) earnings per share. The firm’s revenue was down 17.7% compared to the same quarter last year. Analysts anticipate that SunOpta will post 0.14 earnings per share for the current fiscal year.

Institutional Investors Weigh In On SunOpta

Several large investors have recently modified their holdings of the company. Hantz Financial Services Inc. acquired a new position in SunOpta in the second quarter valued at $42,000. US Bancorp DE lifted its stake in shares of SunOpta by 139.3% in the 3rd quarter. US Bancorp DE now owns 8,197 shares of the company’s stock valued at $52,000 after purchasing an additional 4,772 shares during the period. Ballentine Partners LLC acquired a new position in shares of SunOpta in the 2nd quarter valued at about $60,000. MQS Management LLC bought a new stake in shares of SunOpta during the 2nd quarter valued at about $63,000. Finally, Tealwood Asset Management Inc. acquired a new stake in SunOpta during the third quarter worth approximately $80,000. 85.39% of the stock is currently owned by institutional investors and hedge funds.

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.