Suja Life (NASDAQ:SUJA) Major Shareholder Buys $1,767,500.00 in Stock

Key Points

• Major shareholder Schwartz Food Chain Fund Paine bought 175,000 Suja Life shares at $10.10 each, a $1.77 million transaction, increasing its position to 11.27 million shares. The fund has made several additional purchases in August and September.
• Suja Life shares traded at $10.22, up substantially from the 50-day moving average of $9.13, while remaining below the 12-month high of $18.48. The company reported 11.2% year-over-year revenue growth but missed quarterly EPS estimates.
• Analyst sentiment is mixed but leans positive, with an overall “Moderate Buy” rating and an average price target of $26.67; target ratings range from “Sell” to “Strong Buy.”

Suja Life, Inc. (NASDAQ:SUJA - Get Free Report) major shareholder Schwartz Food Chain Fund Paine bought 175,000 shares of the stock in a transaction dated Monday, August 31st. The stock was bought at an average cost of $10.10 per share, for a total transaction of $1,767,500.00. Following the acquisition, the insider directly owned 11,271,253 shares of the company's stock, valued at approximately $113,839,655.30. This represents a 1.58% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Major 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, September 2nd, Schwartz Food Chain Fund Paine bought 175,000 shares of Suja Life stock. The shares were bought at an average cost of $10.26 per share, with a total value of $1,795,500.00.
• On Friday, August 28th, Schwartz Food Chain Fund Paine bought 185,000 shares of Suja Life stock. The shares were bought at an average cost of $9.33 per share, with a total value of $1,726,050.00.
• On Wednesday, August 26th, Schwartz Food Chain Fund Paine purchased 233,624 shares of Suja Life stock. The stock was bought 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 purchased 233,624 shares of Suja Life stock. The stock was bought 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 stock was bought at an average price of $7.63 per share, for a total transaction of $1,444,359.00.
• On Tuesday, August 18th, Schwartz Food Chain Fund Paine acquired 189,300 shares of Suja Life stock. The shares were bought at an average cost 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 shares were 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 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 purchased at an average cost 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 stock was purchased at an average price of $6.09 per share, for a total transaction of $660,399.60.

Suja Life Price Performance

Suja Life stock traded down $0.21 during midday trading on Wednesday, reaching $10.22. 489,145 shares of the stock traded hands, compared to its average volume of 529,678. The business's fifty day moving average price is $9.13. The company has a current ratio of 1.53, a quick ratio of 0.96 and a debt-to-equity ratio of 0.86. Suja Life, Inc. has a 12 month low of $5.59 and a 12 month high of $18.48.

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 (EPS) 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 firm's quarterly revenue was up 11.2% compared to the same quarter last year. On average, research analysts expect that Suja Life, Inc. will post 0.1 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. The Goldman Sachs Group restated a "buy" rating on shares of Suja Life in a research report on Wednesday, August 5th. Zacks Research upgraded shares of Suja Life to a "hold" rating in a research report on Tuesday, June 2nd. Wall Street Zen cut shares of Suja Life from a "hold" rating to a "sell" rating in a research note on Sunday, July 12th. William Blair downgraded shares of Suja Life from an "outperform" rating to a "market perform" rating in a report on Wednesday, August 5th. Finally, Jefferies Financial Group started coverage on shares of Suja Life in a research report on Monday, June 1st. They set a "buy" rating and a $25.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $26.67.

Institutional Investors Weigh In On Suja Life

An institutional investor 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 filing with the SEC. The fund bought 30,000 shares of the company's stock, valued at approximately $305,000. Readystate Asset Management LP owned 0.08% of Suja Life as of its most recent filing with the SEC.

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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