SunOpta (NASDAQ:STKL) Upgraded 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 Monday morning.

SunOpta Price Performance

SunOpta stock opened at $6.46 on Monday. The company has a debt-to-equity ratio of 1.67, a quick ratio of 0.61 and a current ratio of 1.27. The company has a market cap of $770.93 million, a price-to-earnings ratio of -4.25 and a beta of 1.82. SunOpta has a 1 year low of $2.79 and a 1 year high of $7.59. The firm has a 50 day moving average price of $6.04 and a 200 day moving average price of $5.92.

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

Institutional Trading of SunOpta

Institutional investors have recently modified their holdings of the company. Granahan Investment Management LLC lifted its position in SunOpta by 1,291.2% during 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 in the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of SunOpta by 321.9% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 467,515 shares of the company’s stock valued at $2,525,000 after acquiring an additional 356,700 shares in the last quarter. Blair William & Co. IL boosted its position in 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 purchasing an additional 857,603 shares during the period. Hodges Capital Management Inc. increased its holdings in SunOpta by 11.2% in the 2nd quarter. Hodges Capital Management Inc. now owns 3,198,624 shares of the company’s stock valued at $17,273,000 after purchasing an additional 323,397 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in SunOpta by 7.5% in the 1st quarter. Vanguard Group Inc. now owns 642,505 shares of the company’s stock valued at $4,414,000 after purchasing an additional 44,905 shares in the last quarter. Hedge funds and other institutional investors 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.