SunOpta (NASDAQ:STKL) Lowered to “Sell” Rating by StockNews.com

StockNews.com cut shares of SunOpta (NASDAQ:STKL) (TSE:SOY) from a hold rating to a sell rating in a research report released on Monday morning.

Separately, Stephens reissued an “overweight” rating and issued a $10.00 price objective on shares of SunOpta in a report on Thursday, January 2nd.

SunOpta Price Performance

Shares of NASDAQ STKL opened at $5.88 on Monday. SunOpta has a fifty-two week low of $4.88 and a fifty-two week high of $8.11. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20. The company has a market cap of $704.07 million, a PE ratio of -32.66 and a beta of 1.79. The business has a 50-day simple moving average of $7.36 and a two-hundred day simple moving average of $6.98.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.06 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.06. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. The business had revenue of $193.91 million for the quarter, compared to analyst estimates of $189.90 million. As a group, equities analysts expect that SunOpta will post 0.13 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of SunOpta during the 4th quarter valued at about $4,027,000. PharVision Advisers LLC acquired a new stake in SunOpta during the fourth quarter worth about $153,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in SunOpta by 4.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 91,055 shares of the company’s stock valued at $701,000 after acquiring an additional 4,053 shares in the last quarter. Woodline Partners LP lifted its holdings in SunOpta by 26.2% in the fourth quarter. Woodline Partners LP now owns 1,541,019 shares of the company’s stock valued at $11,866,000 after acquiring an additional 320,284 shares during the period. Finally, Two Sigma Investments LP boosted its position in SunOpta by 53.0% in the 4th quarter. Two Sigma Investments LP now owns 56,428 shares of the company’s stock worth $434,000 after purchasing an additional 19,551 shares in the last quarter. 85.39% of the stock is currently owned by institutional investors and hedge funds.

About SunOpta

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.