SunOpta (NASDAQ:STKL) Rating Increased to Hold at StockNews.com

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

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.

SunOpta (NASDAQ:STKL – Get Rating) (TSE:SOY) last issued its earnings results on Wednesday, May 11th. The company reported $0.01 EPS for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. SunOpta had a positive return on equity of 0.52% and a negative net margin of 0.19%. The company had revenue of $240.17 million during the quarter, compared to the consensus estimate of $224.58 million. On average, equities research analysts forecast that SunOpta will post 0.03 EPS for the current fiscal year.

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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