Suja Life (NASDAQ:SUJA) Major Shareholder Schwartz Food Chain Fund Paine Buys 125,000 Shares

Key Points

• Major shareholder Schwartz Food Chain Fund Paine bought 125,000 Suja Life shares at an average price of $10.57, increasing its direct ownership to 11.75 million shares valued at approximately $124.2 million.
• The purchase was part of a broader buying spree: Paine acquired more than 1.7 million shares across multiple transactions since mid-August, as the stock rose from purchase prices as low as $6.43 to $10.57.
• Suja Life shares fell 5.9% to $9.89 in the reported session after the company missed quarterly EPS expectations, although revenue increased 11.2% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $26.67.

Suja Life, Inc. (NASDAQ:SUJA - Get Free Report) major shareholder Schwartz Food Chain Fund Paine purchased 125,000 shares of Suja Life stock in a transaction that occurred on Thursday, September 3rd. The stock was purchased at an average price of $10.57 per share, with a total value of $1,321,250.00. Following the completion of the purchase, the insider directly owned 11,746,253 shares in the company, valued at $124,157,894.21. This trade represents a 1.08% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 Tuesday, September 8th, Schwartz Food Chain Fund Paine acquired 50,000 shares of Suja Life stock. The shares were purchased at an average cost of $9.90 per share, with a total value of $495,000.00.
• On Wednesday, September 2nd, Schwartz Food Chain Fund Paine acquired 175,000 shares of Suja Life stock. The stock was acquired at an average cost of $10.26 per share, for a total transaction of $1,795,500.00.
• On Monday, August 31st, Schwartz Food Chain Fund Paine bought 175,000 shares of Suja Life stock. The shares were bought at an average cost of $10.10 per share, for a total transaction of $1,767,500.00.
• On Friday, August 28th, Schwartz Food Chain Fund Paine purchased 185,000 shares of Suja Life stock. The shares were purchased at an average price of $9.33 per share, for a total transaction of $1,726,050.00.
• On Wednesday, August 26th, Schwartz Food Chain Fund Paine acquired 233,624 shares of Suja Life stock. The stock was acquired at an average cost 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 cost of $8.84 per share, with a total value of $2,065,236.16.
• On Thursday, August 20th, Schwartz Food Chain Fund Paine bought 189,300 shares of Suja Life stock. The stock was purchased 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 bought 189,300 shares of Suja Life stock. The shares were acquired 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 purchased 175,185 shares of Suja Life stock. The stock was bought 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.

Suja Life Trading Down 5.9%

Shares of NASDAQ:SUJA traded down $0.62 during midday trading on Tuesday, hitting $9.89. 459,175 shares of the company's stock were exchanged, compared to its average volume of 948,060. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.53 and a quick ratio of 0.96. Suja Life, Inc. has a 12 month low of $5.59 and a 12 month high of $18.48. The business's 50 day moving average price is $9.15.

Suja Life (NASDAQ:SUJA - Get Free Report) last posted its 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 business had revenue of $83.86 million for the quarter. The business's quarterly revenue was up 11.2% compared to the same quarter last year. As a group, equities research analysts expect that Suja Life, Inc. will post 0.1 EPS for the current fiscal year.

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 2nd quarter, according to its most recent disclosure with the 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 quarter.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. The Goldman Sachs Group reissued a "buy" rating on shares of Suja Life in a report on Wednesday, August 5th. William Blair downgraded Suja Life from an "outperform" rating to a "market perform" rating in a research report on Wednesday, August 5th. Jefferies Financial Group assumed coverage on Suja Life in a research note on Monday, June 1st. They set a "buy" rating and a $25.00 price objective for the company. Evercore began coverage on Suja Life in a research report on Monday, June 1st. They set an "outperform" rating and a $24.00 target price for the company. Finally, Wall Street Zen lowered Suja Life from a "hold" rating to a "sell" rating in a research note on Sunday, July 12th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average 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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