Rip Road Capital Partners LP Buys New Holdings in SunOpta Inc. (NASDAQ:STKL)

Rip Road Capital Partners LP bought a new position in shares of SunOpta Inc. (NASDAQ:STKL - Free Report) TSE: SOY in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 159,900 shares of the company's stock, valued at approximately $1,231,000. SunOpta makes up about 1.0% of Rip Road Capital Partners LP's holdings, making the stock its 19th biggest position. Rip Road Capital Partners LP owned about 0.13% of SunOpta as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stifel Financial Corp acquired a new position in SunOpta in the 4th quarter valued at approximately $326,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of SunOpta during the fourth quarter valued at about $733,000. JPMorgan Chase & Co. raised its stake in shares of SunOpta by 12.3% in the third quarter. JPMorgan Chase & Co. now owns 515,170 shares of the company's stock worth $3,287,000 after purchasing an additional 56,621 shares during the last quarter. Raymond James Financial Inc. bought a new position in SunOpta during the 4th quarter valued at $1,289,000. Finally, Tectonic Advisors LLC lifted its position in shares of SunOpta by 17.8% during the fourth quarter. Tectonic Advisors LLC now owns 313,411 shares of the company's stock valued at $2,413,000 after purchasing an additional 47,407 shares in the last quarter. 85.39% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of SunOpta from a "sell" rating to a "hold" rating in a research report on Tuesday, March 11th.

Insider Buying and Selling

In other SunOpta news, SVP Bryan P. Clark sold 8,500 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $5.32, for a total transaction of $45,220.00. Following the sale, the senior vice president now directly owns 28,150 shares in the company, valued at $149,758. This represents a 23.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.90% of the stock is owned by company insiders.

SunOpta Stock Performance

Shares of STKL stock traded down $0.02 during trading hours on Tuesday, reaching $6.34. The company had a trading volume of 353,336 shares, compared to its average volume of 846,509. The business has a fifty day moving average price of $4.77 and a 200-day moving average price of $6.44. SunOpta Inc. has a one year low of $3.64 and a one year high of $8.11. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.53 and a current ratio of 1.20. The firm has a market cap of $744.63 million, a PE ratio of -35.19 and a beta of 1.50.

SunOpta (NASDAQ:STKL - Get Free Report) TSE: SOY last released its quarterly earnings data on Wednesday, May 7th. The company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. SunOpta had a negative net margin of 2.74% and a positive return on equity of 7.92%. The business had revenue of $201.63 million during the quarter, compared to the consensus estimate of $195.09 million. Sell-side analysts predict that SunOpta Inc. will post 0.13 earnings per share for the current fiscal year.

About SunOpta

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.