SunOpta (NASDAQ:STKL) Raised to “Hold” at StockNews.com

SunOpta (NASDAQ:STKL) (TSE:SOY) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

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

SunOpta Stock Performance

Shares of STKL stock opened at $5.67 on Tuesday. SunOpta has a one year low of $4.88 and a one year high of $8.11. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20. The company has a 50 day moving average price of $7.08 and a 200 day moving average price of $6.95. The firm has a market capitalization of $678.92 million, a price-to-earnings ratio of -31.50 and a beta of 1.90.

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

Institutional Investors Weigh In On SunOpta

Several institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. boosted its stake in shares of 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 purchasing an additional 782,338 shares during the period. Hodges Capital Management Inc. boosted its stake in shares of SunOpta by 1.2% in the fourth quarter. Hodges Capital Management Inc. now owns 3,646,861 shares of the company’s stock valued at $28,081,000 after purchasing an additional 42,232 shares during the period. Granahan Investment Management LLC boosted its stake in shares of SunOpta by 26.9% in the fourth quarter. Granahan Investment Management LLC now owns 2,782,215 shares of the company’s stock valued at $21,423,000 after purchasing an additional 589,485 shares during the period. Vanguard Group Inc. boosted its stake in shares of SunOpta by 3.3% in the fourth quarter. Vanguard Group Inc. now owns 2,207,838 shares of the company’s stock valued at $17,002,000 after purchasing an additional 71,116 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of SunOpta by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 2,143,323 shares of the company’s stock valued at $16,508,000 after purchasing an additional 15,433 shares during the period. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

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.