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CG Stocks to watch for! Cal-Maine Foods Inc (CALM), SunOpta Inc. (STKL)

Shares of Cal-Maine Foods Inc (NASDAQ:CALM) decreased -0.08% and closed at $38.42 after opening 38.40 with the overall traded volume of 284,077.00 shares. The company’s Market capitalization reached to $1.86 billion, $43.73 million outstanding shares. Its low price was $38.33 and highest price was $38.87. The Distance from 50 day Simple moving average was -8.99% and Distance from 200 day Simple moving average -16.58%.The EPS is 2.94.

Cal-Maine Foods Inc (CALM) reported results for the first quarter of fiscal 2017 ended August 27, 2016.

Net sales for the first quarter of fiscal 2017 were $239.8 million, a 60.7 percent decrease compared to $609.9 million for the first quarter of fiscal 2016. The Company reported a net loss of $30.9 million, or $0.64 per basic and diluted share, for the first quarter of fiscal 2017, compared to net income of $143.0 million, or $2.97 per basic share and $2.95 per diluted share, for the first quarter of fiscal 2016.

Shares of SunOpta, Inc. (USA) (NASDAQ:STKL) decreased -0.75% and closed at $6.65 after opening 6.71 with the overall traded volume of 295,490.00 shares. The company’s Market capitalization reached to $564.43 million, $85.61 million outstanding shares. Its low price was $6.51 and highest price was $6.74. The Distance from 50 day Simple moving average was 0.51% and Distance from 200 day Simple moving average was 21.78%. The EPS is -0.28.

SunOpta, Inc. (USA) (STKL) announced that it has entered into an agreement with funds managed by Oaktree Capital Management, L.P. (“Oaktree”), a leading global alternative investment management firm. Oaktree is an experienced investor in the consumer and retail industry, with a track record of driving growth in complex consumer businesses, including AdvancePierre Foods, Campofrío Food Group and Diamond Foods. In reaching this agreement with Oaktree, SunOpta has concluded the previously announced review of strategic alternatives for the Company.

Under the agreement, Oaktree invested $85 million in SunOpta in the form of exchangeable preferred shares. Proceeds from the investment have been used to reduce the Company’s 2nd lien debt and to increase financial flexibility.

 

 

 

About Steve Johnson

Steve Johnson was previously writing news on part time basis with many consumer goods websites. Now Steve Johnson is writing columns with us on consumer goods. He has no match the way he presents the news on consumer goods. Customers like his news, analysis and predictions.

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