Schwartz Food Chain Fund Paine Acquires 175,000 Shares of Suja Life (NASDAQ:SUJA) Stock

Key Points

• Schwartz Food Chain Fund Paine bought 175,000 Suja Life shares at an average of $10.26, investing approximately $1.80 million. The purchase increased its direct ownership to 11.62 million shares, valued at about $119.2 million.
• The major shareholder has made a series of Suja Life purchases since August 11, buying more than 1.8 million shares as prices rose from roughly $6.09 to $10.26 per share.
• Suja Life shares recently traded at $10.22, while the company reported quarterly revenue of $83.86 million, up 11.2% year over year, but missed analysts’ EPS estimate. Analysts maintain a “Moderate Buy” consensus with a $26.67 price target.

Suja Life, Inc. (NASDAQ:SUJA - Get Free Report) major shareholder Schwartz Food Chain Fund Paine acquired 175,000 shares of the business's stock in a transaction on Wednesday, September 2nd. The shares were bought at an average price of $10.26 per share, with a total value of $1,795,500.00. Following the completion of the transaction, the insider directly owned 11,621,253 shares of the company's stock, valued at approximately $119,234,055.78. The trade was a 1.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

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

• On Monday, August 31st, Schwartz Food Chain Fund Paine acquired 175,000 shares of Suja Life stock. The shares were purchased at an average price of $10.10 per share, with a total value of $1,767,500.00.
• On Friday, August 28th, Schwartz Food Chain Fund Paine bought 185,000 shares of Suja Life stock. The stock was purchased at an average cost of $9.33 per share, for a total transaction of $1,726,050.00.
• On Wednesday, August 26th, Schwartz Food Chain Fund Paine bought 233,624 shares of Suja Life stock. The shares were purchased at an average price of $9.59 per share, for a total transaction of $2,240,454.16.
• On Monday, August 24th, Schwartz Food Chain Fund Paine bought 233,624 shares of Suja Life stock. The shares were purchased 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 purchased 189,300 shares of Suja Life stock. The shares were purchased 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 purchased 189,300 shares of Suja Life stock. The stock was purchased 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 acquired 175,185 shares of Suja Life stock. The stock was purchased 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 acquired 111,929 shares of Suja Life stock. The stock was purchased 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 acquired 111,929 shares of Suja Life stock. The shares were purchased 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 bought 108,440 shares of Suja Life stock. The shares were purchased at an average cost of $6.09 per share, with a total value of $660,399.60.

Suja Life Trading Down 2.0%

Shares of Suja Life stock traded down $0.21 during trading on Wednesday, reaching $10.22. The company's stock had a trading volume of 489,145 shares, compared to its average volume of 529,678. The firm's 50-day moving average price is $9.13. Suja Life, Inc. has a 52 week low of $5.59 and a 52 week 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.

Suja Life (NASDAQ:SUJA - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.34). The company 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. As a group, sell-side analysts forecast that Suja Life, Inc. will post 0.1 EPS for the current year.

Institutional Trading of Suja Life

A hedge fund recently bought a new stake in Suja Life stock. Readystate Asset Management LP bought a new stake in Suja Life, Inc. (NASDAQ:SUJA - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 30,000 shares of the company's stock, valued at approximately $305,000. Readystate Asset Management LP owned about 0.08% of Suja Life as of its most recent SEC filing.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SUJA. Weiss Ratings assumed coverage on Suja Life in a research note on Wednesday, August 5th. They issued a "sell (e-)" rating for the company. William Blair cut shares of Suja Life from an "outperform" rating to a "market perform" rating in a research report on Wednesday, August 5th. Zacks Research raised shares of Suja Life to a "hold" rating in a report on Tuesday, June 2nd. Evercore assumed coverage on shares of Suja Life in a research report on Monday, June 1st. They set an "outperform" rating and a $24.00 price target on the stock. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Suja Life in a research note on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target 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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