StockNews.com Downgrades SunOpta (NASDAQ:STKL) to Sell

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

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

SunOpta Stock Up 0.9 %

NASDAQ STKL traded up $0.06 during trading on Monday, hitting $5.92. 351,448 shares of the company traded hands, compared to its average volume of 598,964. The business has a fifty day simple moving average of $7.24 and a 200 day simple moving average of $6.96. The company has a market capitalization of $708.26 million, a P/E ratio of -32.91 and a beta of 1.79. 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 has a 12 month low of $4.88 and a 12 month high of $8.11.

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

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Hedge Funds Weigh In On SunOpta

Several institutional investors and hedge funds have recently modified their holdings of STKL. Bayesian Capital Management LP boosted its position in SunOpta by 15.2% in the fourth quarter. Bayesian Capital Management LP now owns 11,536 shares of the company's stock worth $89,000 after purchasing an additional 1,523 shares during the last quarter. Ironwood Investment Management LLC boosted its stake in SunOpta by 1.2% during the fourth quarter. Ironwood Investment Management LLC now owns 132,879 shares of the company's stock worth $1,023,000 after buying an additional 1,549 shares during the period. Quadrant Capital Group LLC grew its holdings in shares of SunOpta by 15.2% in the fourth quarter. Quadrant Capital Group LLC now owns 14,542 shares of the company's stock worth $112,000 after purchasing an additional 1,923 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in shares of SunOpta by 18.7% in the fourth quarter. EP Wealth Advisors LLC now owns 14,730 shares of the company's stock valued at $113,000 after acquiring an additional 2,316 shares in the last quarter. Finally, Creative Planning grew its stake in 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. 85.39% of the stock is currently owned by institutional investors.

About SunOpta

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.