Insider Buying: Suja Life (NASDAQ:SUJA) Major Shareholder Buys 175,185 Shares of Stock

Key Points

• Major shareholder Schwartz Food Chain Fund Paine bought 175,185 Suja Life shares at an average of $6.49, investing approximately $1.14 million and increasing its stake by 1.94% to 9.22 million shares.
• The shareholder made four additional purchases between August 10 and August 14, bringing its recent total buying to more than 619,000 shares.
• Suja Life’s shares traded at $6.65, near the lower end of their 52-week range, after the company missed quarterly EPS estimates despite 11.2% year-over-year revenue growth. Analyst sentiment remains mixed, with a “Moderate Buy” consensus and a $26.67 target price.

Suja Life, Inc. (NASDAQ:SUJA - Get Free Report) major shareholder Schwartz Food Chain Fund Paine purchased 175,185 shares of the stock in a transaction dated Monday, August 17th. The shares were acquired at an average cost of $6.49 per share, for a total transaction of $1,136,950.65. Following the completion of the acquisition, the insider owned 9,219,557 shares of the company's stock, valued at approximately $59,834,924.93. This represents a 1.94% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.

Schwartz Food Chain Fund Paine also recently made the following trade(s):

• On Friday, August 14th, Schwartz Food Chain Fund Paine acquired 111,929 shares of Suja Life stock. The stock was acquired at an average price of $6.43 per share, with a total value of $719,703.47.
• On Wednesday, August 12th, Schwartz Food Chain Fund Paine bought 111,929 shares of Suja Life stock. The stock was acquired at an average cost of $6.13 per share, with a total value of $686,124.77.
• On Tuesday, August 11th, Schwartz Food Chain Fund Paine bought 108,440 shares of Suja Life stock. The shares were bought at an average price of $6.09 per share, for a total transaction of $660,399.60.
• On Monday, August 10th, Schwartz Food Chain Fund Paine bought 111,929 shares of Suja Life stock. The shares were bought at an average price of $6.43 per share, for a total transaction of $719,703.47.

Suja Life Stock Performance

Shares of NASDAQ SUJA traded up $0.17 during trading on Monday, reaching $6.65. 897,910 shares of the company traded hands, compared to its average volume of 466,696. The firm's 50 day moving average price is $9.71. Suja Life, Inc. 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 1.53 and a debt-to-equity ratio of 0.86.

Suja Life (NASDAQ:SUJA - Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.34). The firm had revenue of $83.86 million for the quarter. The company's revenue was up 11.2% compared to the same quarter last year. As a group, analysts anticipate that Suja Life, Inc. will post 0.1 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Zacks Research raised Suja Life to a "hold" rating in a report on Tuesday, June 2nd. Wall Street Zen lowered Suja Life from a "hold" rating to a "sell" rating in a report on Sunday, July 12th. William Blair cut Suja Life from an "outperform" rating to a "market perform" rating in a research report on Wednesday, August 5th. Weiss Ratings initiated coverage on Suja Life in a research report on Wednesday, August 5th. They set a "sell (e-)" rating for the company. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Suja Life in a report on Wednesday, August 5th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $26.67.

Suja Life Company Profile

Suja Life Inc operates as a holding company, through its subsidiaries, offers organic cold-pressed juices, wellness shots and functional sodas. Suja Life Inc is based in Oceanside, California.

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