Granahan Investment Management LLC Has $16.27 Million Stock Holdings in SunOpta, Inc. $STKL

Key Points

• Granahan Investment Management LLC increased its stake in SunOpta, Inc. by 20.3%, acquiring an additional 564,621 shares to own a total of approximately 3.35 million shares valued at $16.27 million.
• Other institutional investors also boosted their investments, with 85.39% of SunOpta's stock now owned by institutional investors, reflecting growing interest in the company.
• SunOpta reported an earnings per share (EPS) of $0.04 for the quarter, exceeding estimates and indicating a positive return on equity of 12.82%, while revenue reached $191.49 million.

Granahan Investment Management LLC raised its stake in shares of SunOpta, Inc. (NASDAQ:STKL - Free Report) TSE: SOY by 20.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,346,836 shares of the company's stock after purchasing an additional 564,621 shares during the quarter. Granahan Investment Management LLC owned 2.85% of SunOpta worth $16,266,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in STKL. EP Wealth Advisors LLC boosted its holdings in SunOpta by 11.9% during the first quarter. EP Wealth Advisors LLC now owns 16,477 shares of the company's stock valued at $80,000 after purchasing an additional 1,747 shares in the last quarter. State of Wyoming acquired a new position in shares of SunOpta in the 1st quarter worth approximately $81,000. Bayesian Capital Management LP boosted its holdings in shares of SunOpta by 15.2% in the 4th quarter. Bayesian Capital Management LP now owns 11,536 shares of the company's stock worth $89,000 after acquiring an additional 1,523 shares in the last quarter. Quantbot Technologies LP acquired a new position in shares of SunOpta in the 1st quarter worth approximately $123,000. Finally, Algert Global LLC acquired a new position in shares of SunOpta in the 4th quarter worth approximately $141,000. 85.39% of the stock is owned by institutional investors and hedge funds.

SunOpta Price Performance

Shares of STKL traded down $0.05 on Tuesday, hitting $6.42. The company's stock had a trading volume of 427,336 shares, compared to its average volume of 852,440. The company has a market capitalization of $754.62 million, a PE ratio of -107.00 and a beta of 1.35. The company has a debt-to-equity ratio of 1.46, a current ratio of 0.96 and a quick ratio of 0.39. SunOpta, Inc. has a fifty-two week low of $3.64 and a fifty-two week high of $8.11. The company has a 50 day moving average price of $6.21 and a 200 day moving average price of $5.65.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last announced its earnings results on Wednesday, August 6th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.02 by $0.02. The business had revenue of $191.49 million for the quarter, compared to the consensus estimate of $185.36 million. SunOpta had a positive return on equity of 12.82% and a negative net margin of 0.66%. On average, research analysts anticipate that SunOpta, Inc. will post 0.13 earnings per share for the current fiscal year.

SunOpta Profile

SunOpta Inc engages in manufacture and sale of plant-based and fruit-based food and beverage products in the United States, Canada, and internationally. The company provides plant-based beverages utilizing oat, almond, soy, coconut, rice, hemp, and other bases under the Dream and West Life brands; oat-based creamers under the SOWN brand; ready-to-drink protein shakes; and nut, grain, seed, and legume based beverages; packaged teas and concentrates; and meat and vegetable broths and stocks.