Key Points
- CFO Greg Gaba bought 15,000 shares at an average price of $3.39 on Nov. 24, increasing his direct stake to 110,970 shares (a 15.63% increase), as disclosed in an SEC Form 4.
- SunOpta posted an earnings beat on Nov. 5 with $0.05 EPS vs. $0.03 expected and revenue of $205.41M vs. $195.57M, but analysts maintain a consensus "Hold" rating with an average target of $9.00.
- Shares jumped about 6.2% to $3.58 on heavy trading; the company has a market cap of roughly $423M and a negative PE of -59.67, indicating ongoing profitability challenges.
SunOpta, Inc. (NASDAQ:STKL - Get Free Report) (TSE:SOY) CFO Greg Gaba acquired 15,000 shares of the firm's stock in a transaction that occurred on Monday, November 24th. The shares were bought at an average price of $3.39 per share, with a total value of $50,850.00. Following the completion of the purchase, the chief financial officer directly owned 110,970 shares in the company, valued at $376,188.30. The trade was a 15.63% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
SunOpta Stock Up 6.2%
Shares of NASDAQ STKL traded up $0.21 during trading hours on Thursday, hitting $3.58. 1,488,943 shares of the stock were exchanged, compared to its average volume of 910,952. SunOpta, Inc. has a 12 month low of $3.32 and a 12 month high of $8.11. The firm has a fifty day moving average price of $5.16 and a 200-day moving average price of $5.80. The company has a quick ratio of 0.39, a current ratio of 0.96 and a debt-to-equity ratio of 1.46. The company has a market cap of $423.22 million, a PE ratio of -59.67 and a beta of 1.38.
SunOpta (NASDAQ:STKL - Get Free Report) (TSE:SOY) last posted its quarterly earnings data on Wednesday, November 5th. The company reported $0.05 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.02. SunOpta had a positive return on equity of 12.82% and a negative net margin of 0.66%.The firm had revenue of $205.41 million during the quarter, compared to analysts' expectations of $195.57 million. SunOpta has set its FY 2025 guidance at EPS. On average, sell-side analysts expect that SunOpta, Inc. will post 0.13 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have recently weighed in on STKL. Zacks Research lowered shares of SunOpta from a "strong-buy" rating to a "hold" rating in a report on Monday, October 6th. Weiss Ratings reissued a "sell (d)" rating on shares of SunOpta in a research note on Tuesday. Finally, Mizuho cut their price target on shares of SunOpta from $10.00 to $8.00 and set an "outperform" rating for the company in a report on Thursday, November 6th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, SunOpta presently has a consensus rating of "Hold" and an average target price of $9.00.
View Our Latest Analysis on STKL
Hedge Funds Weigh In On SunOpta
Institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC grew its holdings in SunOpta by 3,725.7% in the 2nd quarter. SG Americas Securities LLC now owns 982,047 shares of the company's stock valued at $5,696,000 after buying an additional 956,377 shares in the last quarter. Granahan Investment Management LLC grew its holdings in shares of SunOpta by 20.3% in the first quarter. Granahan Investment Management LLC now owns 3,346,836 shares of the company's stock valued at $16,266,000 after purchasing an additional 564,621 shares during the period. Cooperman Leon G grew its holdings in shares of SunOpta by 9.1% in the first quarter. Cooperman Leon G now owns 6,097,331 shares of the company's stock valued at $29,633,000 after purchasing an additional 507,990 shares during the period. CIBC Bancorp USA Inc. acquired a new stake in SunOpta during the third quarter worth about $2,404,000. Finally, JPMorgan Chase & Co. raised its stake in SunOpta by 236.3% during the second quarter. JPMorgan Chase & Co. now owns 536,893 shares of the company's stock worth $3,114,000 after purchasing an additional 377,237 shares during the period. Hedge funds and other institutional investors own 85.39% of the company's stock.
About SunOpta
(
Get Free Report)
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.
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