SunOpta (NASDAQ:STKL) Given New $8.00 Price Target at Mizuho

by · The Cerbat Gem

SunOpta (NASDAQ:STKL – Free Report) (TSE:SOY) had its target price trimmed by Mizuho from $10.00 to $8.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has an outperform rating on the stock.

Several other equities research analysts have also issued reports on the company. Zacks Research lowered SunOpta from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 6th. Weiss Ratings reiterated a “sell (e+)” rating on shares of SunOpta in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $9.00.

Check Out Our Latest Research Report on STKL

SunOpta Price Performance

STKL stock opened at $3.86 on Thursday. The firm has a 50 day moving average of $5.89 and a 200-day moving average of $5.86. The firm has a market capitalization of $466.06 million, a P/E ratio of -64.33 and a beta of 1.38. SunOpta has a 12 month low of $3.64 and a 12 month high of $8.11. The company has a current ratio of 0.96, a quick ratio of 0.39 and a debt-to-equity ratio of 1.46.

SunOpta (NASDAQ:STKL – Get Free Report) (TSE:SOY) last posted its earnings results on Wednesday, November 5th. The company reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.03 by $0.02. SunOpta had a negative net margin of 0.66% and a positive return on equity of 12.82%. The business had revenue of $205.41 million for the quarter, compared to analysts’ expectations of $195.57 million. SunOpta has set its FY 2025 guidance at EPS. As a group, sell-side analysts predict that SunOpta will post 0.13 earnings per share for the current fiscal year.

Institutional Trading of SunOpta

Several hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC grew its position in SunOpta by 3,725.7% during the second quarter. SG Americas Securities LLC now owns 982,047 shares of the company’s stock valued at $5,696,000 after acquiring an additional 956,377 shares during the last quarter. Granahan Investment Management LLC grew its holdings in shares of SunOpta by 20.3% during the 1st 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 last quarter. Cooperman Leon G grew its holdings in shares of SunOpta by 9.1% during the 1st 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 last quarter. JPMorgan Chase & Co. raised its position in SunOpta by 236.3% in the 2nd 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. Finally, Rip Road Capital Partners LP lifted its stake in SunOpta by 213.2% in the first quarter. Rip Road Capital Partners LP now owns 500,814 shares of the company’s stock worth $2,434,000 after purchasing an additional 340,914 shares during the last quarter. 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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