SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) major shareholder Engaged Capital Llc bought 1,000,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were bought at an average cost of $3.84 per share, for a total transaction of $3,840,000.00. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.
STKL stock traded up $0.05 during midday trading on Friday, hitting $3.87. The stock had a trading volume of 846,100 shares, compared to its average volume of 434,310. SunOpta, Inc. has a 52 week low of $1.30 and a 52 week high of $4.31. The company has a current ratio of 1.24, a quick ratio of 0.51 and a debt-to-equity ratio of 2.18. The stock has a 50-day simple moving average of $2.64 and a 200 day simple moving average of $2.57. The firm has a market capitalization of $345.09 million, a price-to-earnings ratio of -10.46 and a beta of 1.62.
SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings data on Wednesday, May 6th. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. SunOpta had a negative net margin of 1.89% and a negative return on equity of 11.36%. The company had revenue of $335.95 million during the quarter, compared to analysts’ expectations of $319.50 million. On average, equities analysts forecast that SunOpta, Inc. will post -0.15 EPS for the current year.
A number of large investors have recently bought and sold shares of the stock. Two Sigma Advisers LP lifted its stake in SunOpta by 65.8% during the first quarter. Two Sigma Advisers LP now owns 21,424 shares of the company’s stock worth $37,000 after purchasing an additional 8,500 shares during the period. Virtu Financial LLC acquired a new position in shares of SunOpta in the 4th quarter worth approximately $69,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of SunOpta in the 1st quarter worth approximately $77,000. Boyar Asset Management Inc. lifted its position in shares of SunOpta by 14.6% during the 4th quarter. Boyar Asset Management Inc. now owns 54,979 shares of the company’s stock worth $137,000 after buying an additional 6,988 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in SunOpta by 53.6% in the 4th quarter. Janus Henderson Group PLC now owns 65,126 shares of the company’s stock valued at $163,000 after buying an additional 22,723 shares in the last quarter. 71.60% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages have weighed in on STKL. ValuEngine raised shares of SunOpta from a “hold” rating to a “buy” rating in a report on Friday, May 1st. BidaskClub upgraded shares of SunOpta from a “buy” rating to a “strong-buy” rating in a research note on Friday, May 15th. Finally, Zacks Investment Research upgraded SunOpta from a “hold” rating to a “buy” rating and set a $3.25 price target on the stock in a research note on Thursday, March 5th.
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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