Recent Investment Analysts’ Ratings Changes for SunOpta (STKL)

Several brokerages have updated their recommendations and price targets on shares of SunOpta (NASDAQ: STKL) in the last few weeks:

  • 5/14/2019 – SunOpta was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food, supplements and health and beauty markets. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector. “
  • 5/9/2019 – SunOpta was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 5/1/2019 – SunOpta was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 5/1/2019 – SunOpta was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “SunOpta Inc. is an operator of high-growth ethical businesses, focusing on integrated business models in the natural and organic food, supplements and health and beauty markets. The Company has three business units: the SunOpta Food Group, which specializes in sourcing, processing and distribution of natural and organic food products integrated from seed through packaged products; the Opta Minerals Group, a producer, distributor, and recycler of environmentally friendly industrial materials; and the SunOpta BioProcess Group which engineers and markets proprietary steam explosion technology systems for the pulp, bio-fuel and food processing industries. Each of these business units has proprietary products and services that give it a solid competitive advantage in its sector. “
  • 4/26/2019 – SunOpta was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating.
  • 4/18/2019 – SunOpta was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 4/3/2019 – SunOpta was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.

Shares of STKL stock traded up $0.02 on Thursday, reaching $4.33. The company’s stock had a trading volume of 221,560 shares, compared to its average volume of 550,049. SunOpta, Inc. has a 1 year low of $2.21 and a 1 year high of $9.10. The company has a debt-to-equity ratio of 1.72, a quick ratio of 0.38 and a current ratio of 1.20. The firm has a market cap of $376.44 million, a PE ratio of -15.46 and a beta of 1.13.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its quarterly earnings results on Wednesday, May 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.09). SunOpta had a negative return on equity of 10.09% and a negative net margin of 6.32%. The company had revenue of $305.28 million during the quarter, compared to the consensus estimate of $308.10 million. On average, equities analysts predict that SunOpta, Inc. will post -0.3 EPS for the current year.

In other news, CEO Joseph Ennen acquired 50,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was purchased at an average cost of $4.19 per share, for a total transaction of $209,500.00. Following the completion of the acquisition, the chief executive officer now directly owns 104,000 shares of the company’s stock, valued at approximately $435,760. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jeffrey Gough acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 28th. The stock was purchased at an average price of $2.70 per share, with a total value of $27,000.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 353,202 shares of company stock valued at $1,153,663. Corporate insiders own 1.75% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in STKL. Simplex Trading LLC purchased a new position in SunOpta in the fourth quarter valued at about $45,000. Cutler Group LP grew its stake in SunOpta by 214.8% in the fourth quarter. Cutler Group LP now owns 13,220 shares of the company’s stock valued at $51,000 after purchasing an additional 9,021 shares during the last quarter. Hollencrest Capital Management purchased a new position in SunOpta in the first quarter valued at about $87,000. Squarepoint Ops LLC purchased a new position in SunOpta in the fourth quarter valued at about $106,000. Finally, Millennium Management LLC purchased a new position in SunOpta in the fourth quarter valued at about $117,000. Hedge funds and other institutional investors own 81.78% of the company’s stock.

SunOpta Inc sources non-genetically modified (non-GMO) and organic ingredients; and manufactures food and beverage products in the United States, Canada, Europe, and internationally. The company operates through Global Ingredients and Consumer Products segments. The Global Ingredients segment offers organic fruit- and vegetable-based raw materials and ingredients, sweeteners, cocoa, coffees, ancient grains, nuts, seeds and pulses, and other organic food products; identity preserved, non-GMO, and organic seeds and grains, including soy, corn, and sunflower; and seed and grain-based animal feed, and pet food products.

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