Insider Buying: Suja Life (NASDAQ:SUJA) Major Shareholder Buys $2,065,236.16 in Stock

Key Points

• Major shareholder Schwartz Food Chain Fund Paine bought 233,624 Suja Life shares at an average $8.84 each, investing approximately $2.07 million and increasing its stake by 2.34% to 10.21 million shares. The fund has made several additional purchases since August 10.
• Suja Life shares recently traded at $9.33, within a 52-week range of $5.59 to $18.48. The company reported quarterly revenue of $83.86 million, up 11.2% year over year, but missed earnings expectations with a loss of $0.14 per share versus the expected $0.20 profit.
• Analyst sentiment remains mixed but leans positive, with a consensus rating of “Moderate Buy” and an average price target of $26.67; ratings range from Strong Buy to Sell.

Suja Life, Inc. (NASDAQ:SUJA - Get Free Report) major shareholder Schwartz Food Chain Fund Paine bought 233,624 shares of the stock in a transaction on Monday, August 24th. The shares were acquired at an average cost of $8.84 per share, for a total transaction of $2,065,236.16. Following the completion of the transaction, the insider directly owned 10,210,381 shares of the company's stock, valued at approximately $90,259,768.04. The trade was a 2.34% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Major 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 Thursday, August 20th, Schwartz Food Chain Fund Paine purchased 189,300 shares of Suja Life stock. The shares were bought at an average price of $7.63 per share, with a total value of $1,444,359.00.
• On Tuesday, August 18th, Schwartz Food Chain Fund Paine purchased 189,300 shares of Suja Life stock. The shares were bought at an average price of $6.73 per share, for a total transaction of $1,273,989.00.
• On Monday, August 17th, Schwartz Food Chain Fund Paine acquired 175,185 shares of Suja Life stock. The stock was purchased at an average price of $6.49 per share, with a total value of $1,136,950.65.
• On Friday, August 14th, Schwartz Food Chain Fund Paine acquired 111,929 shares of Suja Life stock. The shares were purchased at an average cost 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 shares were purchased 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 purchased 108,440 shares of Suja Life stock. The stock was acquired at an average cost of $6.09 per share, for a total transaction of $660,399.60.
• On Monday, August 10th, 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, for a total transaction of $719,703.47.

Suja Life Price Performance

Shares of NASDAQ SUJA traded up $0.28 during trading hours on Tuesday, hitting $9.33. 743,862 shares of the company's stock were exchanged, compared to its average volume of 988,862. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.53. The firm has a 50-day moving average of $9.11. Suja Life, Inc. has a 1-year low of $5.59 and a 1-year high of $18.48.

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

Analysts Set New Price Targets

SUJA has been the topic of a number of recent research reports. Zacks Research upgraded Suja Life to a "hold" rating in a research report on Tuesday, June 2nd. Wall Street Zen cut Suja Life from a "hold" rating to a "sell" rating in a research note on Sunday, July 12th. The Goldman Sachs Group reissued a "buy" rating on shares of Suja Life in a research report on Wednesday, August 5th. William Blair lowered shares of Suja Life from an "outperform" rating to a "market perform" rating in a report on Wednesday, August 5th. Finally, Evercore began coverage on Suja Life in a research note on Monday, June 1st. They set an "outperform" rating and a $24.00 price objective on the stock. One investment 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 stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $26.67.

Hedge Funds Weigh In On Suja Life

An institutional investor recently bought a new stake in Suja Life stock. Readystate Asset Management LP acquired a new position in shares of Suja Life, Inc. (NASDAQ:SUJA - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 30,000 shares of the company's stock, valued at approximately $305,000. Readystate Asset Management LP owned 0.08% of Suja Life at the end of the most recent reporting period.

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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