StockNews.com Downgrades SunOpta (NASDAQ:STKL) to Sell

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

SunOpta Price Performance

NASDAQ:STKL opened at $5.99 on Monday. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.27 and a quick ratio of 0.61. The company has a 50 day moving average price of $5.58 and a 200-day moving average price of $5.93. SunOpta has a 1-year low of $2.79 and a 1-year high of $7.59. The firm has a market cap of $714.84 million, a price-to-earnings ratio of -3.94 and a beta of 1.85.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings data on Wednesday, August 7th. The company reported $0.02 earnings per share for the quarter, beating analysts’ consensus estimates of $0.01 by $0.01. SunOpta had a negative net margin of 23.23% and a positive return on equity of 6.51%. The company had revenue of $171.00 million during the quarter, compared to analysts’ expectations of $159.95 million. During the same quarter in the previous year, the company earned ($0.03) earnings per share. The firm’s revenue for the quarter was down 17.7% on a year-over-year basis. Equities research analysts forecast that SunOpta will post 0.14 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC grew its stake in SunOpta by 1.1% in the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 5,064,115 shares of the company’s stock valued at $27,346,000 after acquiring an additional 56,560 shares during the period. Hodges Capital Management Inc. lifted its holdings in SunOpta by 11.2% during the second quarter. Hodges Capital Management Inc. now owns 3,198,624 shares of the company’s stock valued at $17,273,000 after purchasing an additional 323,397 shares in the last quarter. Granahan Investment Management LLC grew its position in shares of SunOpta by 1,291.2% in the fourth quarter. Granahan Investment Management LLC now owns 2,393,790 shares of the company’s stock valued at $13,094,000 after purchasing an additional 2,221,718 shares during the period. Thornburg Investment Management Inc. increased its stake in shares of SunOpta by 35.5% during the fourth quarter. Thornburg Investment Management Inc. now owns 1,999,324 shares of the company’s stock worth $10,933,000 after purchasing an additional 523,830 shares in the last quarter. Finally, Blair William & Co. IL increased its stake in shares of SunOpta by 77.0% during the first quarter. Blair William & Co. IL now owns 1,971,345 shares of the company’s stock worth $13,543,000 after purchasing an additional 857,603 shares in the last quarter. 85.39% of the stock is owned by institutional investors and hedge funds.

SunOpta Company Profile

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.