Hodges Capital Management Inc. Purchases 406,005 Shares of SunOpta Inc. (NASDAQ:STKL)

Hodges Capital Management Inc. boosted its stake in SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 12.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,604,629 shares of the company's stock after acquiring an additional 406,005 shares during the period. SunOpta accounts for 1.5% of Hodges Capital Management Inc.'s investment portfolio, making the stock its 16th largest holding. Hodges Capital Management Inc. owned about 3.02% of SunOpta worth $22,998,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Hantz Financial Services Inc. bought a new stake in SunOpta in the second quarter worth approximately $42,000. US Bancorp DE boosted its stake in SunOpta by 139.3% during the third quarter. US Bancorp DE now owns 8,197 shares of the company's stock worth $52,000 after acquiring an additional 4,772 shares in the last quarter. Ballentine Partners LLC bought a new position in SunOpta during the second quarter worth $60,000. MQS Management LLC bought a new position in SunOpta in the second quarter worth approximately $63,000. Finally, EP Wealth Advisors LLC bought a new stake in shares of SunOpta during the third quarter valued at approximately $79,000. Institutional investors and hedge funds own 85.39% of the company's stock.

Analyst Ratings Changes

STKL has been the topic of several analyst reports. DA Davidson reiterated a "buy" rating and set a $9.00 price target on shares of SunOpta in a report on Thursday, October 10th. Stephens lifted their price objective on shares of SunOpta from $9.00 to $10.00 and gave the company an "overweight" rating in a research note on Wednesday, November 6th. Finally, StockNews.com upgraded SunOpta from a "sell" rating to a "hold" rating in a research note on Saturday, November 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $9.50.

Insider Transactions at SunOpta

In other news, insider Robert Duchscher sold 50,000 shares of the company's stock in a transaction on Friday, November 8th. The shares were sold at an average price of $7.33, for a total value of $366,500.00. Following the completion of the sale, the insider now owns 42,971 shares of the company's stock, valued at approximately $314,977.43. This represents a 53.78 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Rebecca Fisher sold 13,142 shares of SunOpta stock in a transaction on Tuesday, November 19th. The stock was sold at an average price of $7.58, for a total transaction of $99,616.36. Following the completion of the transaction, the director now owns 108,500 shares in the company, valued at approximately $822,430. The trade was a 10.80 % decrease in their position. The disclosure for this sale can be found here. 6.48% of the stock is currently owned by insiders.

SunOpta Price Performance

Shares of STKL traded down $0.10 during mid-day trading on Friday, reaching $7.79. 412,721 shares of the stock traded hands, compared to its average volume of 621,475. The company has a current ratio of 1.20, a quick ratio of 0.53 and a debt-to-equity ratio of 1.61. SunOpta Inc. has a 1 year low of $4.62 and a 1 year high of $8.11. The company has a market cap of $930.68 million, a price-to-earnings ratio of -43.28 and a beta of 1.78. The firm has a fifty day moving average price of $6.85 and a 200 day moving average price of $6.14.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. The company had revenue of $176.22 million during the quarter, compared to analyst estimates of $172.30 million. As a group, equities research analysts predict that SunOpta Inc. will post 0.13 earnings per share for the current year.

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.