SunOpta (NASDAQ:STKL) Upgraded at BidaskClub

SunOpta (NASDAQ:STKL) (TSE:SOY) was upgraded by stock analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Wednesday, BidAskClub reports.

A number of other equities research analysts have also recently weighed in on STKL. ValuEngine upgraded SunOpta from a “hold” rating to a “buy” rating in a research note on Friday, January 3rd. Zacks Investment Research upgraded SunOpta from a “sell” rating to a “hold” rating in a research note on Wednesday, October 9th.

Shares of NASDAQ STKL opened at $2.90 on Wednesday. The company has a current ratio of 1.21, a quick ratio of 0.40 and a debt-to-equity ratio of 2.20. SunOpta has a twelve month low of $1.30 and a twelve month high of $4.72. The stock has a 50 day moving average of $2.61 and a two-hundred day moving average of $2.46. The stock has a market cap of $254.95 million, a P/E ratio of -10.36 and a beta of 0.87.

SunOpta (NASDAQ:STKL) (TSE:SOY) last issued its quarterly earnings data on Wednesday, November 6th. The company reported ($0.11) earnings per share for the quarter, meeting the Zacks’ consensus estimate of ($0.11). SunOpta had a negative return on equity of 21.16% and a negative net margin of 7.59%. The company had revenue of $295.94 million during the quarter, compared to analysts’ expectations of $299.10 million. As a group, research analysts predict that SunOpta will post -0.39 earnings per share for the current year.

In related news, major shareholder Ardsley Advisory Partners Lp purchased 25,000 shares of the business’s stock in a transaction dated Monday, October 28th. The stock was acquired at an average price of $1.75 per share, for a total transaction of $43,750.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Scott E. Huckins purchased 44,000 shares of the business’s stock in a transaction dated Friday, November 8th. The shares were bought at an average price of $2.49 per share, with a total value of $109,560.00. Following the purchase, the chief financial officer now directly owns 44,000 shares of the company’s stock, valued at $109,560. The disclosure for this purchase can be found here. Insiders have bought 332,822 shares of company stock valued at $782,546 in the last 90 days. Company insiders own 1.75% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Nomura Holdings Inc. raised its stake in shares of SunOpta by 83.8% during the third quarter. Nomura Holdings Inc. now owns 109,632 shares of the company’s stock worth $179,000 after purchasing an additional 50,000 shares during the last quarter. BBVA USA Bancshares Inc. purchased a new stake in shares of SunOpta during the third quarter worth approximately $152,000. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of SunOpta by 21.1% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 114,400 shares of the company’s stock worth $206,000 after purchasing an additional 19,900 shares during the last quarter. Hollencrest Capital Management raised its stake in shares of SunOpta by 188.0% during the third quarter. Hollencrest Capital Management now owns 72,000 shares of the company’s stock worth $130,000 after purchasing an additional 47,000 shares during the last quarter. Finally, River & Mercantile Asset Management LLP purchased a new stake in shares of SunOpta during the second quarter worth approximately $1,534,000. Institutional investors and hedge funds own 74.15% of the company’s stock.

SunOpta Company Profile

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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