Insider Buying: Suja Life (NASDAQ:SUJA) Major Shareholder Buys 233,624 Shares of Stock

Key Points

• Major shareholder Schwartz Food Chain Fund Paine bought 233,624 Suja Life shares at an average of $9.59, investing about $2.24 million and increasing its ownership by 2.24% to 10.68 million shares.
• The purchase was part of a broader buying spree throughout August, with the shareholder acquiring more than 1.4 million shares across multiple transactions as prices rose from roughly $6.09 to $9.59.
• Suja Life shares recently traded at $9.37, while analyst sentiment remained a consensus “Moderate Buy” with an average price target of $26.67; however, the company missed quarterly earnings expectations despite 11.2% year-over-year revenue growth.

Suja Life, Inc. (NASDAQ:SUJA - Get Free Report) major shareholder Schwartz Food Chain Fund Paine bought 233,624 shares of Suja Life stock in a transaction dated Wednesday, August 26th. The stock was acquired at an average price of $9.59 per share, with a total value of $2,240,454.16. Following the completion of the transaction, the insider directly owned 10,677,629 shares of the company's stock, valued at approximately $102,398,462.11. The trade was a 2.24% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own more than 10% 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 28th, Schwartz Food Chain Fund Paine purchased 185,000 shares of Suja Life stock. The shares were acquired at an average price of $9.33 per share, for a total transaction of $1,726,050.00.
• On Monday, August 24th, Schwartz Food Chain Fund Paine purchased 233,624 shares of Suja Life stock. The shares were acquired at an average price of $8.84 per share, for a total transaction of $2,065,236.16.
• On Thursday, August 20th, Schwartz Food Chain Fund Paine acquired 189,300 shares of Suja Life stock. The shares were acquired at an average cost of $7.63 per share, with a total value of $1,444,359.00.
• On Tuesday, August 18th, Schwartz Food Chain Fund Paine acquired 189,300 shares of Suja Life stock. The stock was acquired at an average price of $6.73 per share, with a total value of $1,273,989.00.
• On Monday, August 17th, Schwartz Food Chain Fund Paine bought 175,185 shares of Suja Life stock. The stock was acquired at an average cost of $6.49 per share, for a total transaction of $1,136,950.65.
• On Friday, August 14th, Schwartz Food Chain Fund Paine bought 111,929 shares of Suja Life stock. The stock was acquired at an average cost of $6.43 per share, for a total transaction of $719,703.47.
• On Wednesday, August 12th, Schwartz Food Chain Fund Paine bought 111,929 shares of Suja Life stock. The shares were bought at an average price of $6.13 per share, for a total transaction of $686,124.77.
• On Tuesday, August 11th, Schwartz Food Chain Fund Paine purchased 108,440 shares of Suja Life stock. The stock was bought at an average price of $6.09 per share, with a total value of $660,399.60.
• On Monday, August 10th, Schwartz Food Chain Fund Paine purchased 111,929 shares of Suja Life stock. The stock was bought at an average price of $6.43 per share, with a total value of $719,703.47.

Suja Life Price Performance

Shares of NASDAQ:SUJA traded up $0.37 during midday trading on Friday, hitting $9.37. The company had a trading volume of 1,147,398 shares, compared to its average volume of 524,916. Suja Life, Inc. has a twelve month low of $5.59 and a twelve month 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. The firm's 50-day moving average is $9.11.

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 analysts' consensus estimates of $0.20 by ($0.34). The business had revenue of $83.86 million during the quarter. The business's revenue for the quarter was up 11.2% compared to the same quarter last year. Equities research analysts expect that Suja Life, Inc. will post 0.1 EPS for the current fiscal year.

Institutional Trading of Suja Life

An institutional investor recently bought a new stake in Suja Life stock. Readystate Asset Management LP bought a new position in shares of Suja Life, Inc. (NASDAQ:SUJA - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 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.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SUJA. Zacks Research raised shares of Suja Life to a "hold" rating in a report on Tuesday, June 2nd. Weiss Ratings started coverage on shares of Suja Life in a research note on Wednesday, August 5th. They set a "sell (e-)" rating on the stock. Evercore assumed coverage on shares of Suja Life in a report on Monday, June 1st. They issued an "outperform" rating and a $24.00 target price on the stock. Jefferies Financial Group began coverage on shares of Suja Life in a research note on Monday, June 1st. They issued a "buy" rating and a $25.00 price target for the company. Finally, Wall Street Zen lowered shares of Suja Life from a "hold" rating to a "sell" rating in a research report on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $26.67.

About Suja Life

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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