SunOpta (STKL) Upgraded to Sell at BidaskClub

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SunOpta (NASDAQ:STKL) (TSE:SOY) was upgraded by BidaskClub from a “strong sell” rating to a “sell” rating in a note issued to investors on Friday.

STKL has been the subject of a number of other research reports. Zacks Investment Research cut SunOpta from a “hold” rating to a “sell” rating in a research note on Tuesday, September 18th. Citigroup raised their price objective on SunOpta from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Tuesday, June 19th.

Shares of SunOpta stock opened at $7.11 on Friday. The company has a quick ratio of 0.40, a current ratio of 1.23 and a debt-to-equity ratio of 0.96. SunOpta has a 52 week low of $6.27 and a 52 week high of $9.65. The company has a market capitalization of $640.59 million, a price-to-earnings ratio of -50.79 and a beta of 1.39.

SunOpta (NASDAQ:STKL) (TSE:SOY) last announced its quarterly earnings data on Wednesday, August 8th. The company reported ($0.06) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.06). SunOpta had a negative return on equity of 6.70% and a negative net margin of 10.53%. The firm had revenue of $319.31 million during the quarter, compared to analysts’ expectations of $319.10 million. As a group, research analysts predict that SunOpta will post -0.18 EPS for the current year.

Several large investors have recently made changes to their positions in the stock. Engaged Capital LLC boosted its position in shares of SunOpta by 1.5% during the second quarter. Engaged Capital LLC now owns 6,856,907 shares of the company’s stock valued at $57,598,000 after buying an additional 100,000 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of SunOpta by 3.9% during the second quarter. Bank of New York Mellon Corp now owns 179,115 shares of the company’s stock valued at $1,505,000 after buying an additional 6,755 shares during the last quarter. Nomura Holdings Inc. boosted its position in shares of SunOpta by 30.0% during the second quarter. Nomura Holdings Inc. now owns 232,463 shares of the company’s stock valued at $1,953,000 after buying an additional 53,632 shares during the last quarter. Millennium Management LLC purchased a new position in shares of SunOpta during the second quarter valued at approximately $2,537,000. Finally, Centaurus Financial Inc. boosted its position in shares of SunOpta by 3.0% during the second quarter. Centaurus Financial Inc. now owns 402,310 shares of the company’s stock valued at $3,379,000 after buying an additional 11,706 shares during the last quarter. 79.54% of the stock is currently owned by institutional investors.

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, Mexico, and Ethiopia. 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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