William Blair Research Analysts Decrease Earnings Estimates for SunOpta Inc. (NASDAQ:STKL)

SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) – Investment analysts at William Blair dropped their FY2021 earnings per share (EPS) estimates for shares of SunOpta in a research report issued to clients and investors on Wednesday, May 12th. William Blair analyst J. Andersen now expects that the company will earn $0.01 per share for the year, down from their prior estimate of $0.02. William Blair also issued estimates for SunOpta’s Q4 2021 earnings at $0.01 EPS, Q4 2021 earnings at $0.01 EPS, FY2021 earnings at $0.01 EPS, FY2022 earnings at $0.08 EPS and FY2022 earnings at $0.08 EPS.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its earnings results on Wednesday, May 12th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. SunOpta had a positive return on equity of 1.66% and a negative net margin of 0.09%.

Several other equities analysts have also commented on STKL. Craig Hallum increased their target price on SunOpta from $15.00 to $25.00 and gave the company a “buy” rating in a report on Thursday, March 4th. Canaccord Genuity initiated coverage on SunOpta in a report on Monday, April 19th. They set a “buy” rating and a $20.00 price objective on the stock. Zacks Investment Research raised SunOpta from a “sell” rating to a “hold” rating in a report on Friday. Finally, Lake Street Capital raised their price objective on SunOpta from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, February 3rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.40.

NASDAQ:STKL opened at $12.32 on Friday. The firm has a market capitalization of $1.29 billion, a PE ratio of -94.77 and a beta of 2.02. The business’s fifty day moving average price is $13.62 and its 200 day moving average price is $12.42. The company has a debt-to-equity ratio of 1.78, a current ratio of 1.34 and a quick ratio of 0.49. SunOpta has a 12 month low of $3.41 and a 12 month high of $17.07.

Institutional investors and hedge funds have recently made changes to their positions in the company. Nicholas Investment Partners LP boosted its stake in shares of SunOpta by 178.5% during the fourth quarter. Nicholas Investment Partners LP now owns 395,647 shares of the company’s stock worth $4,617,000 after buying an additional 253,561 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of SunOpta by 23.5% during the fourth quarter. JPMorgan Chase & Co. now owns 52,037 shares of the company’s stock worth $607,000 after buying an additional 9,905 shares during the period. Wolff Wiese Magana LLC acquired a new stake in shares of SunOpta during the fourth quarter worth about $58,000. Janney Montgomery Scott LLC acquired a new stake in shares of SunOpta during the fourth quarter worth about $191,000. Finally, Centaurus Financial Inc. acquired a new stake in SunOpta in the first quarter valued at about $509,000. Institutional investors and hedge funds own 65.36% of the company’s stock.

SunOpta Company Profile

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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