Suja Life (NASDAQ:SUJA) Releases Quarterly Earnings Results

Suja Life (NASDAQ:SUJA) released its earnings results on Tuesday. The company reported ($0.22) EPS for the quarter, FiscalAI reports. The firm had revenue of $76.37 million for the quarter.

Suja Life Trading Down 4.3%

Shares of SUJA stock traded down $0.45 on Tuesday, reaching $9.97. The company’s stock had a trading volume of 181,897 shares, compared to its average volume of 430,961. The stock’s fifty day simple moving average is $9.88. Suja Life has a 1 year low of $5.59 and a 1 year high of $18.48. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.53.

Insiders Place Their Bets

In other Suja Life news, major shareholder Schwartz Food Chain Fund Paine purchased 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were bought at an average price of $9.90 per share, with a total value of $495,000.00. Following the completion of the purchase, the insider directly owned 11,921,253 shares in the company, valued at $118,020,404.70. This trade represents a 0.42% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have acquired a total of 1,954,891 shares of company stock valued at $16,672,117 in the last quarter.

Institutional Trading of Suja Life

Hedge funds have recently made changes to their positions in the business. Citadel Advisors LLC purchased a new position in Suja Life in the second quarter worth about $8,294,000. State Street Corp purchased a new stake in Suja Life during the second quarter valued at approximately $607,000. Brighton Jones LLC bought a new stake in shares of Suja Life in the 3rd quarter valued at approximately $108,000. CenterBook Partners LP lifted its stake in shares of Suja Life by 169.8% in the 3rd quarter. CenterBook Partners LP now owns 75,364 shares of the company’s stock valued at $732,000 after purchasing an additional 47,427 shares during the last quarter. Finally, Readystate Asset Management LP bought a new stake in shares of Suja Life in the 2nd quarter valued at approximately $305,000.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on SUJA shares. William Blair cut shares of Suja Life from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 5th. Roth Capital started coverage on shares of Suja Life in a report on Friday, October 2nd. They set a “buy” rating and a $20.00 price objective for the company. The Goldman Sachs Group restated a “buy” rating on shares of Suja Life in a research report on Wednesday, August 5th. Weiss Ratings restated a “sell (e-)” rating on shares of Suja Life in a research report on Tuesday, November 3rd. Finally, Needham & Company LLC started coverage on Suja Life in a report on Thursday, October 15th. They issued a “hold” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Suja Life presently has an average rating of “Moderate Buy” and an average price target of $25.00.

About Suja Life

Suja Life is a health and wellness beverage company focused on producing and distributing organic, non-GMO drinks. Its portfolio has historically included cold-pressed juices, juice blends, wellness shots and other functional beverages designed to support everyday health and nutrition. The company is best known for its Suja Organic brand, which offers products made with fruit, vegetables and other plant-based ingredients. Its offerings have been sold through grocery stores, mass retailers, natural-food outlets, e-commerce channels and other distribution partners, primarily in the United States.