First Bank & Trust Buys 1,856 Shares of SunOpta Inc. (NASDAQ:STKL)

First Bank & Trust raised its stake in shares of SunOpta Inc. (NASDAQ:STKL) (TSE:SOY) by 7.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,409 shares of the company’s stock after purchasing an additional 1,856 shares during the quarter. First Bank & Trust’s holdings in SunOpta were worth $162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STKL. Harbor Capital Advisors Inc. lifted its stake in SunOpta by 321.9% during the second quarter. Harbor Capital Advisors Inc. now owns 467,515 shares of the company’s stock worth $2,525,000 after purchasing an additional 356,700 shares during the last quarter. Blair William & Co. IL increased its stake in shares of SunOpta by 77.0% in the first quarter. Blair William & Co. IL now owns 1,971,345 shares of the company’s stock worth $13,543,000 after buying an additional 857,603 shares during the period. Hodges Capital Management Inc. raised its holdings in SunOpta by 11.2% during the 2nd quarter. Hodges Capital Management Inc. now owns 3,198,624 shares of the company’s stock valued at $17,273,000 after buying an additional 323,397 shares during the last quarter. Vanguard Group Inc. boosted its position in SunOpta by 7.5% during the 1st quarter. Vanguard Group Inc. now owns 642,505 shares of the company’s stock valued at $4,414,000 after buying an additional 44,905 shares during the period. Finally, SG Americas Securities LLC bought a new stake in SunOpta in the 3rd quarter worth $6,394,000. 85.39% of the stock is currently owned by hedge funds and other institutional investors.

SunOpta Stock Down 2.2 %

Shares of SunOpta stock opened at $5.76 on Friday. The company has a quick ratio of 0.61, a current ratio of 1.27 and a debt-to-equity ratio of 1.67. SunOpta Inc. has a twelve month low of $3.77 and a twelve month high of $7.59. The company has a market cap of $687.39 million, a price-to-earnings ratio of -3.79 and a beta of 1.83. The company’s 50 day moving average is $6.22 and its 200 day moving average is $5.85.

SunOpta (NASDAQ:STKL) (TSE:SOY) last released its quarterly earnings results on Wednesday, August 7th. The company reported $0.02 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.01. SunOpta had a positive return on equity of 6.51% and a negative net margin of 23.23%. The firm had revenue of $171.00 million for the quarter, compared to analysts’ expectations of $159.95 million. During the same period in the prior year, the firm earned ($0.03) EPS. The company’s revenue was down 17.7% compared to the same quarter last year. Research analysts anticipate that SunOpta Inc. will post 0.14 EPS for the current year.

Wall Street Analysts Forecast Growth

STKL has been the subject of several recent analyst reports. DA Davidson reaffirmed a “buy” rating and set a $9.00 price objective on shares of SunOpta in a research note on Thursday, October 10th. StockNews.com raised SunOpta from a “sell” rating to a “hold” rating in a research report on Thursday, October 10th.

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.