A number of other brokerages also recently commented on STKL. TheStreet upgraded SunOpta from a d+ rating to a c- rating in a research note on Thursday, May 12th. Zacks Investment Research upgraded SunOpta from a strong sell rating to a hold rating in a research note on Wednesday, April 27th. Finally, Canaccord Genuity Group decreased their target price on SunOpta from $15.00 to $12.00 in a research note on Friday, February 25th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of Buy and a consensus price target of $12.90.
NASDAQ:STKL opened at $8.23 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.75 and a current ratio of 2.08. The stock has a 50-day simple moving average of $5.91 and a 200 day simple moving average of $5.82. SunOpta has a one year low of $4.22 and a one year high of $13.72. The company has a market capitalization of $896.44 million, a price-to-earnings ratio of -164.60 and a beta of 1.70.
In other news, major shareholder Engaged Capital Llc bought 22,561 shares of the company’s stock in a transaction that occurred on Wednesday, March 2nd. The shares were purchased at an average price of $5.21 per share, with a total value of $117,542.81. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider David Largey sold 6,788 shares of the business’s stock in a transaction that occurred on Thursday, May 19th. The stock was sold at an average price of $7.14, for a total value of $48,466.32. Following the sale, the insider now directly owns 71,355 shares in the company, valued at approximately $509,474.70. The disclosure for this sale can be found here. Insiders own 3.76% of the company’s stock.
A number of large investors have recently made changes to their positions in the stock. FMR LLC raised its holdings in SunOpta by 5.4% during the first quarter. FMR LLC now owns 3,638,784 shares of the company’s stock worth $12,590,000 after purchasing an additional 186,718 shares in the last quarter. Kennedy Capital Management Inc. raised its holdings in SunOpta by 235.9% during the fourth quarter. Kennedy Capital Management Inc. now owns 2,660,691 shares of the company’s stock worth $18,492,000 after purchasing an additional 1,868,637 shares in the last quarter. Thornburg Investment Management Inc. raised its holdings in SunOpta by 25.9% during the fourth quarter. Thornburg Investment Management Inc. now owns 1,760,757 shares of the company’s stock worth $12,237,000 after purchasing an additional 361,866 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in SunOpta by 105.9% during the first quarter. Diamond Hill Capital Management Inc. now owns 1,732,892 shares of the company’s stock worth $8,699,000 after purchasing an additional 891,370 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ grew its position in SunOpta by 3.1% in the first quarter. Skandinaviska Enskilda Banken AB publ now owns 1,493,700 shares of the company’s stock worth $7,498,000 after buying an additional 45,000 shares during the last quarter. 74.13% of the stock is currently owned by hedge funds and other institutional investors.
SunOpta Company Profile (Get Rating)
SunOpta Inc manufactures and sells plant-based and fruit-based food and beverage products to retail customers, foodservice distributors, branded food companies, and food manufacturers worldwide. The company operates through two segments, Plant-Based Foods and Beverages, and Fruit-Based Foods and Beverages.
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