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 report issued on Monday.

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

SunOpta Trading Down 0.7 %

SunOpta stock opened at $5.68 on Monday. The business’s fifty day moving average is $7.28 and its 200 day moving average is $6.96. SunOpta has a one year low of $4.88 and a one year high of $8.11. The stock has a market capitalization of $680.12 million, a PE ratio of -31.55 and a beta of 1.79. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.53.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Charles Schwab Investment Management Inc. lifted its stake in SunOpta by 250.1% in the third 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. PDT Partners LLC purchased a new position in SunOpta in the third quarter worth $726,000. State Street Corp grew its holdings in SunOpta by 18.9% in the third quarter. State Street Corp now owns 1,827,273 shares of the company’s stock worth $11,658,000 after purchasing an additional 290,372 shares during the last quarter. Barclays PLC lifted its stake in shares of SunOpta by 103.3% during the third quarter. Barclays PLC now owns 178,954 shares of the company’s stock worth $1,142,000 after buying an additional 90,937 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of SunOpta by 80.9% during the third quarter. Geode Capital Management LLC now owns 2,127,890 shares of the company’s stock worth $13,579,000 after buying an additional 951,462 shares during the period. Hedge funds and other institutional investors 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.