Suja Life (NASDAQ:SUJA) Rating Lowered to “Underperform” at Bank of America

Suja Life (NASDAQ:SUJA) was downgraded by analysts at Bank of America from a “neutral” rating to an “underperform” rating in a report released on Thursday, FinViz reports. They currently have a $5.00 price objective on the stock, down from their prior price objective of $8.00. Bank of America‘s price target would suggest a potential downside of 28.98% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. Needham & Company LLC started coverage on Suja Life in a research report on Thursday, October 15th. They issued a “hold” rating on the stock. William Blair cut Suja Life from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 5th. Jefferies Financial Group cut their price target on Suja Life from $22.00 to $17.00 and set a “buy” rating for the company in a report on Wednesday. Roth Capital assumed coverage on Suja Life in a research note on Friday, October 2nd. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, The Goldman Sachs Group cut Suja Life from a “buy” rating to a “neutral” rating and set a $12.00 price objective on the stock. in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $15.60.

Suja Life Price Performance

SUJA opened at $7.04 on Thursday. The firm’s 50-day moving average is $9.74. Suja Life has a 52 week low of $5.59 and a 52 week high of $18.48. The company has a quick ratio of 0.96, a current ratio of 1.27 and a debt-to-equity ratio of 0.87.

Suja Life (NASDAQ:SUJA) last issued its quarterly earnings data on Tuesday, November 10th. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.13) by ($0.09). The firm had revenue of $76.37 million during the quarter. The company’s revenue was up 3.3% on a year-over-year basis. As a group, equities research analysts anticipate that Suja Life will post 0.23 EPS for the current fiscal year.

Insider Buying and Selling

In other Suja Life news, major shareholder Schwartz Food Chain Fund Paine acquired 233,624 shares of the company’s stock in a transaction on Wednesday, August 26th. The stock was acquired at an average cost of $9.59 per share, with a total value of $2,240,454.16. Following the purchase, the insider directly owned 10,677,629 shares of the company’s stock, valued at approximately $102,398,462.11. This represents a 2.24% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have acquired a total of 1,731,033 shares of company stock worth $15,266,289 in the last three months.

Institutional Trading of Suja Life

Several hedge funds have recently made changes to their positions in SUJA. Brighton Jones LLC purchased a new stake in shares of Suja Life in the third quarter worth approximately $108,000. Empowered Funds LLC purchased a new position in Suja Life during the 3rd quarter worth $284,000. Readystate Asset Management LP purchased a new position in Suja Life during the 2nd quarter worth $305,000. CenterBook Partners LP raised its position in Suja Life by 169.8% during 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 in the last quarter. Finally, State Street Corp bought a new stake in Suja Life during the 2nd quarter valued at $607,000.

Suja Life Company Profile

Suja Life, Inc. is a beverage company that makes and markets organic and functional drinks. Its products include cold-pressed juices, wellness shots and other beverages sold under brands including Suja Organic and Vive Organic. The company’s products are available through retail stores and other sales channels, primarily in the United States. Suja was founded in San Diego in 2012 and has since expanded its portfolio through the Vive Organic brand.