SunOpta, Inc. (NASDAQ:STKL) (TSE:SOY) Director Richard Dean Hollis bought 25,000 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were acquired at an average price of $7.02 per share, for a total transaction of $175,500.00. Following the completion of the transaction, the director now directly owns 102,391 shares in the company, valued at approximately $718,784.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of SunOpta, Inc. (NASDAQ:STKL) traded down $0.10 during trading hours on Wednesday, hitting $7.30. 130,160 shares of the stock were exchanged, compared to its average volume of 273,931. The stock has a market capitalization of $646.70, a price-to-earnings ratio of -4.44 and a beta of 1.36. SunOpta, Inc. has a fifty-two week low of $6.27 and a fifty-two week high of $10.20. The company has a current ratio of 1.29, a quick ratio of 0.42 and a debt-to-equity ratio of 0.93.
SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings data on Tuesday, February 27th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.07) by ($0.03). SunOpta had a negative net margin of 10.57% and a negative return on equity of 3.73%. The business had revenue of $292.40 million for the quarter, compared to the consensus estimate of $291.04 million. During the same quarter in the prior year, the business posted ($0.08) earnings per share. SunOpta’s revenue for the quarter was down 1.7% on a year-over-year basis. sell-side analysts expect that SunOpta, Inc. will post -0.01 EPS for the current fiscal year.
Several brokerages have recently issued reports on STKL. Zacks Investment Research upgraded shares of SunOpta from a “strong sell” rating to a “hold” rating in a research report on Wednesday, January 10th. BidaskClub raised shares of SunOpta from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Citigroup reduced their price objective on shares of SunOpta from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Monday, November 20th. Finally, ValuEngine lowered shares of SunOpta from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $9.17.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC bought a new position in shares of SunOpta during the fourth quarter valued at approximately $102,000. Alliancebernstein L.P. bought a new position in shares of SunOpta during the fourth quarter valued at approximately $153,000. Two Sigma Securities LLC bought a new position in shares of SunOpta during the fourth quarter valued at approximately $154,000. Marble Harbor Investment Counsel LLC bought a new position in shares of SunOpta during the third quarter valued at approximately $157,000. Finally, Fox Run Management L.L.C. acquired a new stake in SunOpta in the fourth quarter valued at approximately $162,000. Hedge funds and other institutional investors own 82.40% of the company’s stock.
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SunOpta Company Profile
Sunopta Inc is a Canada-based company, which operates businesses focused on a healthy products portfolio. It operates through the following segments: Global Ingredients and Consumer Products. The Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating segments focused on the procurement, processing and sale of specialty and organic grains, seeds, fruits, grain- and cocoa-based ingredients, and other commodities.
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