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

Bank of America downgraded shares of Suja Life (NASDAQ:SUJA) from a neutral rating to an underperform rating in a research note published on Thursday morning,FinViz reports. Bank of America currently has $5.00 price objective on the stock, down from their prior price objective of $8.00.

A number of other brokerages also recently issued reports on SUJA. The Goldman Sachs Group downgraded shares of Suja Life from a “buy” rating to a “neutral” rating and set a $12.00 price target on the stock. in a report on Wednesday. Weiss Ratings reissued a “sell (e-)” rating on shares of Suja Life in a report on Tuesday, November 3rd. Roth Capital initiated coverage on Suja Life in a research report on Friday, October 2nd. They set a “buy” rating and a $20.00 price objective for the company. Jefferies Financial Group cut their price objective on Suja Life from $22.00 to $17.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, William Blair cut Suja Life from an “outperform” rating to a “market perform” rating in a report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $15.60.

Suja Life Trading Down 11.9%

Suja Life stock opened at $7.04 on Thursday. The company has a current ratio of 1.27, a quick ratio of 0.96 and a debt-to-equity ratio of 0.87. Suja Life has a 1 year low of $5.59 and a 1 year high of $18.48. The firm’s 50 day moving average is $9.74.

Suja Life (NASDAQ:SUJA) last released its earnings results on Tuesday, November 10th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of ($0.13) by ($0.09). The firm had revenue of $76.37 million for the quarter. Suja Life’s revenue was up 3.3% compared to the same quarter last year. On average, equities analysts forecast that Suja Life will post 0.23 EPS for the current year.

Insider Buying and Selling at Suja Life

In other Suja Life news, major shareholder Schwartz Food Chain Fund Paine purchased 233,624 shares of Suja Life stock in a transaction that occurred on Wednesday, August 26th. The shares were bought at an average price of $9.59 per share, for a total transaction of $2,240,454.16. Following the completion of the transaction, the insider owned 10,677,629 shares of the company’s stock, valued at approximately $102,398,462.11. This trade represents a 2.24% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have acquired 1,731,033 shares of company stock valued at $15,266,289 over the last ninety days.

Hedge Funds Weigh In On Suja Life

Several institutional investors have recently bought and sold shares of SUJA. Citadel Advisors LLC purchased a new position in shares of Suja Life in the 2nd quarter worth $8,294,000. State Street Corp raised its stake in shares of Suja Life by 134.0% in the third quarter. State Street Corp now owns 139,700 shares of the company’s stock valued at $1,356,000 after acquiring an additional 80,000 shares during the period. CenterBook Partners LP raised its stake in shares of Suja Life by 169.8% in the third quarter. CenterBook Partners LP now owns 75,364 shares of the company’s stock valued at $732,000 after acquiring an additional 47,427 shares during the period. Readystate Asset Management LP bought a new stake in shares of Suja Life in the 2nd quarter worth about $305,000. Finally, Empowered Funds LLC bought a new stake in shares of Suja Life in the 3rd quarter worth about $284,000.

About Suja Life

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.