Insider Selling: Allan Glen Routh Sells 25,000 Shares of SunOpta Stock (STKL)
SunOpta (NASDAQ:STKL) Director Allan Glen Routh sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $13.16, for a total value of $329,000.00. Following the completion of the sale, the director now directly owns 286,829 shares in the company, valued at approximately $3,774,670. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of SunOpta (NASDAQ:STKL) traded down 1.29% during mid-day trading on Thursday, hitting $13.04. 161,718 shares of the company’s stock traded hands. SunOpta has a 52 week low of $8.04 and a 52 week high of $14.20. The stock has a 50-day moving average of $13.41 and a 200-day moving average of $12.15. The company has a market cap of $872.8 million and a P/E ratio of 51.80.
SunOpta (NASDAQ:STKL) last issued its quarterly earnings data on Tuesday, August 12th. The company reported $0.13 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.12 by $0.01. Analysts expect that SunOpta will post $0.45 EPS for the current fiscal year.
A number of research firms have recently commented on STKL. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of SunOpta in a research note on Monday, August 18th. They now have a $16.00 price target on the stock, up previously from $15.00. Separately, analysts at Desjardins raised their price target on shares of SunOpta from $10.25 to $11.00 in a research note on Friday, August 15th. They now have a “sell” rating on the stock. Finally, analysts at Imperial Capital reiterated an “outperform” rating on shares of SunOpta in a research note on Thursday, August 14th. They now have a $16.00 price target on the stock, up previously from $15.00. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $13.58.
SunOpta Inc (NASDAQ:STKL) is a global company operating businesses focused on a healthy products portfolio that promotes sustainable well-being.
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