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

StockNews.com upgraded shares of SunOpta (NASDAQ:STKL) (TSE:SOY) from a sell rating to a hold rating in a research note published on Saturday morning.

SunOpta Trading Down 4.4 %

Shares of STKL opened at $6.08 on Friday. The stock’s fifty day simple moving average is $5.49 and its 200-day simple moving average is $5.93. The firm has a market capitalization of $725.58 million, a PE ratio of -4.00 and a beta of 1.85. SunOpta has a 12-month low of $2.79 and a 12-month high of $7.59. The company has a quick ratio of 0.61, a current ratio of 1.27 and a debt-to-equity ratio of 1.67.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported $0.02 earnings per share for the quarter, topping the consensus estimate of $0.01 by $0.01. The firm had revenue of $171.00 million during the quarter, compared to analysts’ expectations of $159.95 million. SunOpta had a positive return on equity of 6.51% and a negative net margin of 23.23%. The company’s quarterly revenue was down 17.7% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.03) EPS. As a group, research analysts predict that SunOpta will post 0.14 earnings per share for the current year.

Institutional Trading of SunOpta

A number of institutional investors have recently bought and sold shares of STKL. Barrow Hanley Mewhinney & Strauss LLC lifted its stake in shares of SunOpta by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,064,115 shares of the company’s stock valued at $27,346,000 after purchasing an additional 56,560 shares during the period. Hodges Capital Management Inc. lifted its stake in SunOpta by 11.2% in the second quarter. Hodges Capital Management Inc. now owns 3,198,624 shares of the company’s stock valued at $17,273,000 after buying an additional 323,397 shares during the period. Granahan Investment Management LLC lifted its stake in SunOpta by 1,291.2% in the fourth quarter. Granahan Investment Management LLC now owns 2,393,790 shares of the company’s stock valued at $13,094,000 after buying an additional 2,221,718 shares during the period. Thornburg Investment Management Inc. boosted its holdings in SunOpta by 35.5% during the fourth quarter. Thornburg Investment Management Inc. now owns 1,999,324 shares of the company’s stock worth $10,933,000 after buying an additional 523,830 shares during the last quarter. Finally, Blair William & Co. IL grew its position in shares of SunOpta by 77.0% during the 1st quarter. Blair William & Co. IL now owns 1,971,345 shares of the company’s stock worth $13,543,000 after buying an additional 857,603 shares during the period. Institutional investors and hedge funds 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.