SunOpta (NASDAQ:STKL) Lifted 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 report published on Tuesday morning.

SunOpta Price Performance

STKL stock opened at $5.25 on Tuesday. SunOpta has a 52 week low of $2.79 and a 52 week high of $7.59. The company has a current ratio of 1.22, a quick ratio of 0.63 and a debt-to-equity ratio of 1.39. The firm has a 50 day moving average of $5.45 and a 200 day moving average of $5.94.

SunOpta (NASDAQ:STKL) (TSE:SOY) last posted its quarterly earnings data on Wednesday, May 8th. The company reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $182.80 million during the quarter, compared to the consensus estimate of $168.87 million. SunOpta had a negative net margin of 24.00% and a positive return on equity of 2.50%. The business’s revenue for the quarter was up 17.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 earnings per share. Equities analysts predict that SunOpta will post 0.13 EPS for the current fiscal year.

Institutional Investors Weigh In On SunOpta

Large investors have recently bought and sold shares of the company. Granahan Investment Management LLC raised its position in SunOpta by 1,291.2% during the 4th quarter. Granahan Investment Management LLC now owns 2,393,790 shares of the company’s stock worth $13,094,000 after buying an additional 2,221,718 shares during the last quarter. CastleKnight Management LP purchased a new stake in shares of SunOpta in the fourth quarter worth about $8,743,000. Blair William & Co. IL boosted its position in SunOpta by 77.0% in the 1st quarter. Blair William & Co. IL now owns 1,971,345 shares of the company’s stock worth $13,543,000 after purchasing an additional 857,603 shares in the last quarter. 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 in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in SunOpta by 321.9% during the second quarter. Harbor Capital Advisors Inc. now owns 467,515 shares of the company’s stock valued at $2,525,000 after buying an additional 356,700 shares during the period. Hedge funds and other institutional investors own 85.39% of the company’s stock.

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.