SunOpta (NASDAQ:STKL) Receives Buy Rating from DA Davidson

DA Davidson reiterated their buy rating on shares of SunOpta (NASDAQ:STKL) (TSE:SOY) in a report issued on Monday,Benzinga reports. The firm currently has a $8.00 price objective on the stock.

A number of other equities research analysts have also commented on STKL. Weiss Ratings restated a “sell (d)” rating on shares of SunOpta in a research report on Monday, December 29th. Mizuho dropped their price objective on shares of SunOpta from $10.00 to $8.00 and set an “outperform” rating on the stock in a research note on Thursday, November 6th. Finally, William Blair downgraded shares of SunOpta from a “strong-buy” rating to a “hold” rating in a research report on Friday. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $8.00.

SunOpta Trading Down 0.2%

NASDAQ STKL opened at $6.39 on Monday. SunOpta has a twelve month low of $3.32 and a twelve month high of $7.68. The company has a debt-to-equity ratio of 1.34, a quick ratio of 0.37 and a current ratio of 0.98. The stock has a market cap of $771.85 million, a price-to-earnings ratio of 33.68 and a beta of 1.13. The firm’s 50 day moving average price is $4.21 and its two-hundred day moving average price is $5.08.

Insider Buying and Selling

In other SunOpta news, CFO Greg Gaba purchased 15,000 shares of the company’s stock in a transaction dated Monday, November 24th. The shares were bought at an average price of $3.39 per share, for a total transaction of $50,850.00. Following the purchase, the chief financial officer directly owned 110,970 shares in the company, valued at $376,188.30. This trade represents a 15.63% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On SunOpta

A number of large investors have recently bought and sold shares of the business. State of Alaska Department of Revenue bought a new position in SunOpta during the third quarter valued at about $26,000. EverSource Wealth Advisors LLC raised its stake in shares of SunOpta by 764.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 4,502 shares of the company’s stock valued at $26,000 after acquiring an additional 3,981 shares in the last quarter. New York State Teachers Retirement System acquired a new stake in SunOpta in the 4th quarter worth approximately $33,000. BNP Paribas Financial Markets boosted its position in SunOpta by 65.5% during the second quarter. BNP Paribas Financial Markets now owns 9,273 shares of the company’s stock worth $54,000 after purchasing an additional 3,669 shares during the period. Finally, State of Wyoming acquired a new position in SunOpta during the third quarter valued at approximately $61,000. 85.39% of the stock is currently owned by institutional investors.

SunOpta Company Profile

SunOpta Inc (NASDAQ: STKL) is a Canada-based company specializing in the sourcing, processing and packaging of organic and non-GMO plant-based foods and beverages. The company’s product portfolio spans a wide range of offerings, including non-dairy beverages such as oat, almond, soy and coconut drinks, fruit and plant-based beverages, and ingredient solutions for food manufacturers and foodservice customers. SunOpta’s integrated supply chain extends from ingredient sourcing and raw material preparation through to finished product formulation and packaging.

SunOpta operates through two primary business segments: Global Beverages and Global Ingredients.