SunOpta Inc. (NASDAQ:STKL - Get Free Report) (TSE:SOY) insider Robert Duchscher sold 50,000 shares of SunOpta stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $7.33, for a total transaction of $366,500.00. Following the sale, the insider now directly owns 42,971 shares of the company's stock, valued at $314,977.43. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
SunOpta Trading Down 2.1 %
Shares of NASDAQ:STKL opened at $7.29 on Friday. The business's 50 day simple moving average is $6.33 and its 200 day simple moving average is $5.89. SunOpta Inc. has a 1 year low of $3.85 and a 1 year high of $7.59. The company has a debt-to-equity ratio of 1.61, a current ratio of 1.20 and a quick ratio of 0.61. The company has a market capitalization of $870.79 million, a P/E ratio of -40.50 and a beta of 1.83.
SunOpta (NASDAQ:STKL - Get Free Report) (TSE:SOY) last released its earnings results on Tuesday, November 5th. The company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02. SunOpta had a positive return on equity of 7.92% and a negative net margin of 2.74%. The company had revenue of $176.22 million for the quarter, compared to analyst estimates of $172.30 million. On average, research analysts anticipate that SunOpta Inc. will post 0.14 EPS for the current fiscal year.
Hedge Funds Weigh In On SunOpta
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Several hedge funds have recently bought and sold shares of the company. Harbor Capital Advisors Inc. boosted its stake in shares of SunOpta by 321.9% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 467,515 shares of the company's stock valued at $2,525,000 after purchasing an additional 356,700 shares in the last quarter. Blair William & Co. IL boosted its position in SunOpta by 77.0% in the first quarter. Blair William & Co. IL now owns 1,971,345 shares of the company's stock valued at $13,543,000 after buying an additional 857,603 shares in the last quarter. Hodges Capital Management Inc. grew its stake in shares of SunOpta by 11.2% during the second quarter. Hodges Capital Management Inc. now owns 3,198,624 shares of the company's stock worth $17,273,000 after buying an additional 323,397 shares during the last quarter. Vanguard Group Inc. increased its holdings in SunOpta by 7.5% in the 1st quarter. Vanguard Group Inc. now owns 642,505 shares of the company's stock worth $4,414,000 after purchasing an additional 44,905 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in SunOpta in the third quarter valued at about $6,394,000. 85.39% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on STKL shares. StockNews.com upgraded shares of SunOpta from a "sell" rating to a "hold" rating in a research report on Saturday. DA Davidson restated a "buy" rating and issued a $9.00 price target on shares of SunOpta in a research note on Thursday, October 10th. Finally, Stephens upped their price objective on SunOpta from $9.00 to $10.00 and gave the company an "overweight" rating in a report on Wednesday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, SunOpta has a consensus rating of "Moderate Buy" and a consensus target price of $9.50.
View Our Latest Analysis on SunOpta
SunOpta Company Profile
(
Get Free Report)
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.
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