Schwartz Food Chain Fund Paine Acquires 185,000 Shares of Suja Life (NASDAQ:SUJA) Stock

Key Points

• Schwartz Food Chain Fund Paine bought 185,000 Suja Life shares at an average of $9.33 each, investing approximately $1.73 million and increasing its stake by 1.70% to 11.1 million shares. The purchase extends a series of sizeable acquisitions made throughout August.
• Suja Life shares rose 4.1% to $9.37, but the company’s latest quarterly results fell short of expectations, reporting a loss of $0.14 per share versus the estimated $0.20 profit. Revenue increased 11.2% year over year to $83.86 million.
• Analyst opinions remain mixed, though the stock carries a consensus “Moderate Buy” rating and a $26.67 average price target, well above its recent trading price.

Suja Life, Inc. (NASDAQ:SUJA - Get Free Report) major shareholder Schwartz Food Chain Fund Paine purchased 185,000 shares of the firm's stock in a transaction that occurred on Friday, August 28th. The stock was acquired at an average price of $9.33 per share, for a total transaction of $1,726,050.00. Following the completion of the purchase, the insider directly owned 11,096,253 shares of the company's stock, valued at $103,528,040.49. This represents a 1.70% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Large shareholders that own more than 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 Wednesday, August 26th, Schwartz Food Chain Fund Paine acquired 233,624 shares of Suja Life stock. The stock was acquired at an average price of $9.59 per share, with a total value of $2,240,454.16.
• On Monday, August 24th, Schwartz Food Chain Fund Paine acquired 233,624 shares of Suja Life stock. The stock was acquired at an average cost of $8.84 per share, with a total value of $2,065,236.16.
• On Thursday, August 20th, Schwartz Food Chain Fund Paine acquired 189,300 shares of Suja Life stock. The stock was 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 bought 189,300 shares of Suja Life stock. The shares were acquired 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 bought 175,185 shares of Suja Life stock. The shares were 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 shares were 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 purchased 111,929 shares of Suja Life stock. The stock was acquired at an average price 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 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 Trading Up 4.1%

NASDAQ:SUJA traded up $0.37 during trading hours on Friday, reaching $9.37. 1,147,398 shares of the company were exchanged, compared to its average volume of 524,916. Suja Life, Inc. has a 1-year low of $5.59 and a 1-year high of $18.48. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.53 and a quick ratio of 0.96. The firm has a 50 day moving average of $9.11.

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

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Suja Life stock. Readystate Asset Management LP bought a new position in Suja Life, Inc. (NASDAQ:SUJA - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 at the end of the most recent quarter.

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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