SunOpta Inc. (NASDAQ:STKL) shares dropped 2.3% on Thursday . The company traded as low as $6.23 and last traded at $6.25, with a volume of 560,281 shares changing hands. The stock had previously closed at $6.40.

STKL has been the subject of a number of research analyst reports. Zacks Investment Research upgraded SunOpta from a “sell” rating to a “hold” rating in a research report on Wednesday, May 4th. AltaCorp Capital reaffirmed an “outperform” rating on shares of SunOpta in a research note on Tuesday, June 21st. TheStreet raised SunOpta from a “sell” rating to a “hold” rating in a research note on Wednesday, August 3rd. Finally, DA Davidson increased their price objective on SunOpta from $7.00 to $7.50 and gave the company a “buy” rating in a research note on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $8.25.

The stock has a 50 day moving average price of $5.70 and a 200 day moving average price of $5.02. The firm’s market cap is $535.08 million.

SunOpta (NASDAQ:STKL) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by $0.02. The business earned $348.10 million during the quarter, compared to the consensus estimate of $361.55 million. The business’s revenue for the quarter was up 25.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.08 EPS. On average, equities research analysts predict that SunOpta Inc. will post $0.21 earnings per share for the current year.

An institutional investor recently raised its position in SunOpta stock. Dimensional Fund Advisors LP raised its position in SunOpta Inc. (NASDAQ:STKL) by 56.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 151,928 shares of the company’s stock after buying an additional 54,539 shares during the period. Dimensional Fund Advisors LP owned about 0.18% of SunOpta worth $1,039,000 at the end of the most recent quarter.

SunOpta Inc operates businesses focused on a healthy products portfolio. The Company operates through two segments: Global Ingredients and Consumer Products. Its Global Ingredients segment aggregates its North American and international raw material sourcing and supply operating segments focused on the procurement, processing and sale of specialty and organic grains and seeds, fruits, grain- and cocoa-based ingredients, and other commodities.

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