SunOpta (NASDAQ:STKL) Shares Gap Up - What's Next?

SunOpta Inc. (NASDAQ:STKL - Get Free Report) TSE: SOY's stock price gapped up before the market opened on Friday . The stock had previously closed at $6.19, but opened at $6.33. SunOpta shares last traded at $6.22, with a volume of 36,961 shares.

Analysts Set New Price Targets

Separately, Wall Street Zen upgraded shares of SunOpta from a "sell" rating to a "hold" rating in a report on Tuesday, March 11th.

SunOpta Stock Performance

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 company has a market capitalization of $721.71 million, a price-to-earnings ratio of -34.11 and a beta of 1.50. The firm has a 50-day simple moving average of $4.90 and a two-hundred day simple moving average of $6.37.

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

Insider Buying and Selling

In related news, SVP Bryan P. Clark sold 8,500 shares of SunOpta stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $5.32, for a total value of $45,220.00. Following the completion of the transaction, the senior vice president now owns 28,150 shares in the company, valued at $149,758. The trade was a 23.19% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is currently owned by insiders.

Institutional Investors Weigh In On SunOpta

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Quarry LP acquired a new stake in SunOpta in the fourth quarter valued at $36,000. D.A. Davidson & CO. purchased a new stake in SunOpta during the fourth quarter worth approximately $81,000. Bayesian Capital Management LP boosted its holdings in SunOpta by 15.2% in the fourth quarter. Bayesian Capital Management LP now owns 11,536 shares of the company's stock valued at $89,000 after purchasing an additional 1,523 shares in the last quarter. Quadrant Capital Group LLC boosted its holdings in SunOpta by 15.2% in the fourth quarter. Quadrant Capital Group LLC now owns 14,542 shares of the company's stock valued at $112,000 after purchasing an additional 1,923 shares in the last quarter. Finally, EP Wealth Advisors LLC increased its stake in SunOpta by 18.7% in the fourth quarter. EP Wealth Advisors LLC now owns 14,730 shares of the company's stock valued at $113,000 after purchasing an additional 2,316 shares during the last quarter. 85.39% of the stock is currently owned by institutional investors and hedge funds.

SunOpta Company 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.