SunOpta (NASDAQ:STKL) Upgraded at StockNews.com

StockNews.com upgraded shares of SunOpta (NASDAQ:STKL) (TSE:SOY) from a sell rating to a hold rating in a report issued on Saturday morning.

Other equities analysts have also recently issued reports about the stock. DA Davidson reaffirmed a “buy” rating and set a $9.00 price target on shares of SunOpta in a research note on Thursday, October 10th. Stephens upped their target price on shares of SunOpta from $9.00 to $10.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 6th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, SunOpta has a consensus rating of “Moderate Buy” and an average price target of $9.50.

SunOpta Price Performance

Shares of NASDAQ:STKL opened at $7.61 on Friday. SunOpta has a 52 week low of $4.36 and a 52 week high of $7.75. The company has a 50-day moving average price of $6.37 and a 200 day moving average price of $5.89. The company has a market cap of $909.01 million, a P/E ratio of -41.72 and a beta of 1.83. The company has a quick ratio of 0.61, a current ratio of 1.20 and a debt-to-equity ratio of 1.61.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. The business had revenue of $176.22 million during the quarter, compared to analysts’ expectations of $172.30 million. Research analysts predict that SunOpta will post 0.13 earnings per share for the current year.

Insider Buying and Selling at SunOpta

In other news, insider Robert Duchscher sold 50,000 shares of SunOpta stock in a transaction dated Friday, November 8th. The shares were sold at an average price of $7.33, for a total transaction of $366,500.00. Following the completion of the sale, the insider now directly owns 42,971 shares in the company, valued at $314,977.43. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 6.48% of the stock is owned by insiders.

Institutional Investors Weigh In On SunOpta

Several hedge funds have recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC lifted its position in SunOpta by 1.1% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,064,115 shares of the company’s stock worth $27,346,000 after buying an additional 56,560 shares during the period. Hodges Capital Management Inc. increased its position in SunOpta by 11.2% during the second quarter. Hodges Capital Management Inc. now owns 3,198,624 shares of the company’s stock worth $17,273,000 after purchasing an additional 323,397 shares during the last quarter. Blair William & Co. IL raised its stake in SunOpta by 77.0% during the first quarter. Blair William & Co. IL now owns 1,971,345 shares of the company’s stock worth $13,543,000 after purchasing an additional 857,603 shares during the period. Royce & Associates LP boosted its holdings in shares of SunOpta by 9.3% in the 3rd quarter. Royce & Associates LP now owns 1,538,496 shares of the company’s stock valued at $9,816,000 after purchasing an additional 130,470 shares during the last quarter. Finally, Marshall Wace LLP grew its stake in shares of SunOpta by 116.3% during the 2nd quarter. Marshall Wace LLP now owns 1,396,724 shares of the company’s stock valued at $7,542,000 after buying an additional 751,126 shares during the period. 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.