SunOpta, Inc. (STKL) Shares Down 6.7%

SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) shares fell 6.7% on Tuesday . The stock traded as low as $6.95 and last traded at $7.00. 609,700 shares traded hands during trading, an increase of 34% from the average session volume of 455,052 shares. The stock had previously closed at $7.50.

Several brokerages have recently weighed in on STKL. Zacks Investment Research upgraded SunOpta from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Saturday, July 22nd. BidaskClub cut SunOpta from a “buy” rating to a “hold” rating in a report on Monday, July 31st. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company’s stock. SunOpta presently has an average rating of “Hold” and an average target price of $9.50.

The company has a current ratio of 1.32, a quick ratio of 0.45 and a debt-to-equity ratio of 0.64.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its earnings results on Wednesday, November 8th. The company reported ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.04). The firm had revenue of $320.71 million during the quarter, compared to analysts’ expectations of $335.68 million. SunOpta had a negative net margin of 3.99% and a negative return on equity of 2.98%. The firm’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.07 EPS. research analysts expect that SunOpta, Inc. will post -0.09 earnings per share for the current year.

In other news, Director Richard Dean Hollis bought 10,000 shares of the business’s stock in a transaction on Friday, November 10th. The shares were bought at an average price of $7.65 per share, with a total value of $76,500.00. Following the completion of the transaction, the director now directly owns 73,745 shares in the company, valued at $564,149.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO John Ruelle sold 38,361 shares of the business’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $8.75, for a total value of $335,658.75. Following the completion of the sale, the chief accounting officer now directly owns 38,361 shares in the company, valued at approximately $335,658.75. The disclosure for this sale can be found here. 1.88% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the company. Atria Investments LLC purchased a new stake in shares of SunOpta during the second quarter worth $104,000. South State Corp purchased a new stake in shares of SunOpta during the second quarter worth $110,000. Cookson Peirce & Co. Inc. purchased a new stake in shares of SunOpta during the second quarter worth $143,000. Janus Capital Management LLC increased its position in shares of SunOpta by 1.4% during the first quarter. Janus Capital Management LLC now owns 14,869 shares of the company’s stock worth $103,000 after acquiring an additional 211 shares during the period. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of SunOpta during the second quarter worth $153,000. 79.22% of the stock is currently owned by institutional investors and hedge funds.

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SunOpta Company Profile

Sunopta Inc is a Canada-based company, which operates businesses focused on a healthy products portfolio. It operates through the following 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.

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