Insider Buying: SunOpta, Inc. (STKL) Insider Acquires 5,800 Shares of Stock
SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) insider Robert Duchscher purchased 5,800 shares of the business’s stock in a transaction on Friday, May 19th. The stock was acquired at an average price of $8.94 per share, for a total transaction of $51,852.00. Following the completion of the purchase, the insider now owns 5,800 shares of the company’s stock, valued at $51,852. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
SunOpta, Inc. (NASDAQ:STKL) traded down 0.794% during trading on Tuesday, reaching $9.375. 132,045 shares of the company’s stock were exchanged. SunOpta, Inc. has a 1-year low of $3.16 and a 1-year high of $9.50. The company’s market capitalization is $806.35 million. The company’s 50-day moving average is $7.35 and its 200-day moving average is $7.22.
SunOpta (NASDAQ:STKL) last announced its earnings results on Wednesday, May 10th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.02) by $0.01. The firm had revenue of $330 million for the quarter, compared to the consensus estimate of $344.20 million. SunOpta had a negative net margin of 3.50% and a positive return on equity of 3.75%. The business’s quarterly revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.03 EPS. Equities research analysts expect that SunOpta, Inc. will post $0.09 earnings per share for the current fiscal year.
A number of analysts have recently commented on STKL shares. Zacks Investment Research upgraded SunOpta from a “strong sell” rating to a “hold” rating and set a $10.00 target price on the stock in a research report on Friday, May 12th. BMO Capital Markets restated a “buy” rating and issued a $8.50 price target on shares of SunOpta in a research report on Wednesday, April 26th. William Blair upgraded SunOpta from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 7th. DA Davidson cut SunOpta from a “buy” rating to a “neutral” rating in a research report on Monday, March 6th. Finally, Wunderlich lowered SunOpta from a “buy” rating to a “hold” rating and lowered their price objective for the company from $10.00 to $8.00 in a report on Thursday, March 2nd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $8.40.
Hedge funds have recently bought and sold shares of the company. Janus Capital Management LLC raised its stake in SunOpta by 1.4% in the first quarter. Janus Capital Management LLC now owns 14,869 shares of the company’s stock valued at $103,000 after buying an additional 211 shares in the last quarter. Hollencrest Securities LLC raised its stake in SunOpta by 40.0% in the first quarter. Hollencrest Securities LLC now owns 21,000 shares of the company’s stock valued at $146,000 after buying an additional 6,000 shares in the last quarter. Trexquant Investment LP bought a new stake in SunOpta during the first quarter valued at about $181,000. Gamco Investors INC. ET AL raised its stake in SunOpta by 13.0% in the first quarter. Gamco Investors INC. ET AL now owns 27,000 shares of the company’s stock valued at $188,000 after buying an additional 3,100 shares in the last quarter. Finally, A.R.T. Advisors LLC bought a new stake in SunOpta during the fourth quarter valued at about $207,000. Institutional investors own 71.97% of the company’s stock.
SunOpta Inc operates businesses focused on a healthy products portfolio. The Company operates through two segments: Global Ingredients and Consumer Products. The Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating segments focused on the procurement, processing and sale of specialty and organic grains, seeds, fruits, grain- and cocoa-based ingredients, and other commodities, which are used in applications serving the natural and organic food industry.
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