SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) SVP Geradus Joseph Maria Versteegh bought 100,000 shares of the stock in a transaction on Thursday, August 15th. The stock was purchased at an average cost of $2.15 per share, with a total value of $215,000.00. Following the completion of the purchase, the senior vice president now directly owns 185,889 shares in the company, valued at approximately $399,661.35. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of NASDAQ STKL traded down $0.03 during trading on Friday, hitting $2.17. 463,816 shares of the company traded hands, compared to its average volume of 461,277. SunOpta, Inc. has a 1 year low of $1.98 and a 1 year high of $8.38. The company has a 50-day moving average price of $2.90 and a 200-day moving average price of $3.52. The firm has a market capitalization of $186.91 million, a P/E ratio of -7.75 and a beta of 0.72. The company has a quick ratio of 0.43, a current ratio of 1.23 and a debt-to-equity ratio of 1.94.
SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.01). SunOpta had a negative net margin of 6.93% and a negative return on equity of 14.49%. The company had revenue of $293.00 million for the quarter, compared to analysts’ expectations of $302.40 million. Research analysts predict that SunOpta, Inc. will post -0.39 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Ardsley Advisory Partners LP grew its stake in shares of SunOpta by 16.5% during the 2nd quarter. Ardsley Advisory Partners LP now owns 8,425,138 shares of the company’s stock valued at $27,719,000 after buying an additional 1,193,708 shares during the period. FMR LLC boosted its position in SunOpta by 5.4% during the 1st quarter. FMR LLC now owns 3,638,784 shares of the company’s stock worth $12,590,000 after purchasing an additional 186,718 shares during the period. Kennedy Capital Management Inc. boosted its position in SunOpta by 42.7% during the 1st quarter. Kennedy Capital Management Inc. now owns 2,360,142 shares of the company’s stock worth $8,166,000 after purchasing an additional 705,865 shares during the period. Royce & Associates LP boosted its position in SunOpta by 21.2% during the 1st quarter. Royce & Associates LP now owns 1,810,141 shares of the company’s stock worth $6,263,000 after purchasing an additional 316,334 shares during the period. Finally, Renaissance Technologies LLC boosted its position in SunOpta by 232.8% during the 2nd quarter. Renaissance Technologies LLC now owns 496,500 shares of the company’s stock worth $1,633,000 after purchasing an additional 347,300 shares during the period. 76.68% of the stock is owned by institutional investors.
STKL has been the subject of several recent analyst reports. Zacks Investment Research cut shares of SunOpta from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine raised shares of SunOpta from a “sell” rating to a “hold” rating in a research note on Friday, August 2nd. BidaskClub cut shares of SunOpta from a “sell” rating to a “strong sell” rating in a research note on Monday, June 24th. Finally, Citigroup set a $3.00 target price on shares of SunOpta and gave the stock a “buy” rating in a research note on Monday. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $3.00.
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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