SunOpta (NASDAQ:STKL) Cut to Sell at StockNews.com

StockNews.com cut shares of SunOpta (NASDAQ:STKL) (TSE:SOY) from a hold rating to a sell rating in a research report report published on Monday morning.

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

SunOpta Stock Performance

NASDAQ STKL opened at $5.88 on Monday. The stock has a market capitalization of $704.07 million, a price-to-earnings ratio of -32.66 and a beta of 1.79. The stock has a 50-day moving average of $7.36 and a 200 day moving average of $6.98. 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 has a twelve month low of $4.88 and a twelve month high of $8.11.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its earnings results on Wednesday, February 26th. The company reported $0.06 earnings per share for the quarter, hitting the consensus estimate of $0.06. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. The business had revenue of $193.91 million during the quarter, compared to the consensus estimate of $189.90 million. Sell-side analysts anticipate that SunOpta will post 0.13 EPS for the current fiscal year.

Institutional Trading of SunOpta

Large investors have recently made changes to their positions in the company. Quarry LP acquired a new stake in SunOpta during the 4th quarter worth $36,000. US Bancorp DE grew its stake in SunOpta by 139.3% during the 3rd quarter. US Bancorp DE now owns 8,197 shares of the company’s stock valued at $52,000 after acquiring an additional 4,772 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in SunOpta in the 4th quarter valued at about $81,000. Bayesian Capital Management LP lifted its stake in SunOpta by 15.2% in the 4th quarter. Bayesian Capital Management LP now owns 11,536 shares of the company’s stock worth $89,000 after purchasing an additional 1,523 shares in the last quarter. Finally, Mutual Advisors LLC acquired a new position in shares of SunOpta during the 4th quarter worth approximately $92,000. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

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.