SunOpta (NASDAQ:STKL) Downgraded by ValuEngine

ValuEngine lowered shares of SunOpta (NASDAQ:STKL) (TSE:SOY) from a hold rating to a sell rating in a research report sent to investors on Saturday, ValuEngine reports.

A number of other brokerages have also issued reports on STKL. BidaskClub lowered Walgreens Boots Alliance from a sell rating to a strong sell rating in a research report on Monday, June 24th. Zacks Investment Research downgraded GENEL ENERGY PL/ADR from a hold rating to a sell rating in a report on Thursday, July 4th.

Shares of SunOpta stock opened at $2.86 on Friday. The stock’s fifty day moving average is $3.26. The firm has a market capitalization of $250.09 million, a price-to-earnings ratio of -10.21 and a beta of 0.76. The company has a quick ratio of 0.43, a current ratio of 1.30 and a debt-to-equity ratio of 1.86. SunOpta has a 12-month low of $2.21 and a 12-month high of $8.70.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its earnings results on Wednesday, May 8th. The company reported ($0.09) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.09). The company had revenue of $305.28 million for the quarter, compared to analyst estimates of $308.10 million. SunOpta had a negative return on equity of 10.69% and a negative net margin of 6.32%. As a group, equities analysts anticipate that SunOpta will post -0.3 earnings per share for the current fiscal year.

In other SunOpta news, CEO Joseph Ennen purchased 50,000 shares of the stock in a transaction dated Friday, May 10th. The shares were acquired at an average price of $4.31 per share, for a total transaction of $215,500.00. Following the completion of the acquisition, the chief executive officer now owns 54,000 shares of the company’s stock, valued at approximately $232,740. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought 215,000 shares of company stock worth $920,050 in the last quarter. 2.16% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the company. FMR LLC grew its holdings in shares of SunOpta by 5.4% during the first quarter. FMR LLC now owns 3,638,784 shares of the company’s stock valued at $12,590,000 after buying an additional 186,718 shares in the last quarter. Factory Mutual Insurance Co. grew its holdings in shares of SunOpta by 18.7% during the first quarter. Factory Mutual Insurance Co. now owns 2,576,700 shares of the company’s stock valued at $9,173,000 after buying an additional 405,300 shares in the last quarter. Kennedy Capital Management Inc. grew its holdings in shares of SunOpta by 42.7% during the first quarter. Kennedy Capital Management Inc. now owns 2,360,142 shares of the company’s stock valued at $8,166,000 after buying an additional 705,865 shares in the last quarter. Royce & Associates LP grew its holdings in shares of SunOpta by 21.2% during the first quarter. Royce & Associates LP now owns 1,810,141 shares of the company’s stock valued at $6,263,000 after buying an additional 316,334 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in shares of SunOpta by 11.5% during the fourth quarter. BlackRock Inc. now owns 230,309 shares of the company’s stock valued at $891,000 after buying an additional 23,666 shares in the last quarter. Institutional investors and hedge funds own 77.31% of the company’s stock.

About SunOpta

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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