SunOpta (NASDAQ:STKL) Rating Lowered to "Sell" at StockNews.com

StockNews.com lowered shares of SunOpta (NASDAQ:STKL - Free Report) TSE: SOY from a hold rating to a sell rating in a research note published on Monday morning.

Separately, Stephens reissued an "overweight" rating and issued a $10.00 price objective on shares of SunOpta in a research note on Thursday, January 2nd.

SunOpta Stock Up 2.6 %

Shares of STKL traded up $0.15 during mid-day trading on Monday, hitting $6.01. 953,551 shares of the company's stock were exchanged, compared to its average volume of 613,358. The stock has a market cap of $719.63 million, a price-to-earnings ratio of -33.39 and a beta of 1.79. The firm has a fifty day moving average of $7.24 and a two-hundred day moving average of $6.96. The company has a quick ratio of 0.53, a current ratio of 1.20 and a debt-to-equity ratio of 1.61. SunOpta has a twelve month low of $4.88 and a twelve month high of $8.11.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.06 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.06. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. The firm had revenue of $193.91 million during the quarter, compared to analysts' expectations of $189.90 million. On average, sell-side analysts forecast that SunOpta will post 0.13 earnings per share for the current year.

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Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Creative Planning grew its position in shares of SunOpta by 9.3% in the third quarter. Creative Planning now owns 30,716 shares of the company's stock valued at $196,000 after purchasing an additional 2,617 shares during the last quarter. US Bancorp DE grew its holdings in SunOpta by 139.3% in the 3rd quarter. US Bancorp DE now owns 8,197 shares of the company's stock valued at $52,000 after buying an additional 4,772 shares during the last quarter. Hollencrest Capital Management grew its holdings in SunOpta by 1,600.0% in the 3rd quarter. Hollencrest Capital Management now owns 17,000 shares of the company's stock valued at $108,000 after buying an additional 16,000 shares during the last quarter. GSA Capital Partners LLP increased its position in SunOpta by 16.9% in the 3rd quarter. GSA Capital Partners LLP now owns 212,462 shares of the company's stock worth $1,356,000 after buying an additional 30,646 shares during the period. Finally, Royce & Associates LP lifted its holdings in shares of SunOpta by 9.3% during the third quarter. Royce & Associates LP now owns 1,538,496 shares of the company's stock worth $9,816,000 after buying an additional 130,470 shares during the last quarter. 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.