Suja Life (NASDAQ:SUJA) Major Shareholder Purchases $719,703.47 in Stock

Key Points

• Major shareholder Schwartz Food Chain Fund Paine bought 111,929 Suja Life shares for $719,703.47 at $6.43 per share, increasing its stake by 1.25% to 9.04 million shares. The fund also made several additional purchases in August.
• Suja Life shares rose 2.6% to $6.65 in mid-day trading, though the stock remains well below its 52-week high of $18.48 and its 50-day moving average of $9.71.
• The company reported quarterly revenue of $83.86 million, up 11.2% year over year, but missed earnings estimates with a loss of $0.14 per share. Analysts maintain a “Moderate Buy” consensus and an average price target of $26.67, despite mixed recent rating changes.

Suja Life, Inc. (NASDAQ:SUJA - Get Free Report) major shareholder Schwartz Food Chain Fund Paine bought 111,929 shares of the company's stock in a transaction dated Friday, August 14th. The stock was bought at an average price of $6.43 per share, with a total value of $719,703.47. Following the acquisition, the insider owned 9,044,372 shares in the company, valued at approximately $58,155,311.96. This trade represents a 1.25% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company's shares are required to disclose their transactions with the SEC.

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

• On Monday, August 17th, Schwartz Food Chain Fund Paine purchased 175,185 shares of Suja Life stock. The shares were bought at an average price of $6.49 per share, for a total transaction of $1,136,950.65.
• On Wednesday, August 12th, Schwartz Food Chain Fund Paine purchased 111,929 shares of Suja Life stock. The stock was bought 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 acquired 111,929 shares of Suja Life stock. The shares were purchased at an average cost of $6.43 per share, with a total value of $719,703.47.

Suja Life Trading Up 2.6%

SUJA stock traded up $0.17 during mid-day trading on Monday, reaching $6.65. 897,910 shares of the stock traded hands, compared to its average volume of 466,696. Suja Life, Inc. has a one year low of $5.59 and a one year high of $18.48. The company has a quick ratio of 0.96, a current ratio of 1.53 and a debt-to-equity ratio of 0.86. The company has a 50-day simple moving average of $9.71.

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 (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. Suja Life's quarterly revenue was up 11.2% compared to the same quarter last year. As a group, analysts anticipate that Suja Life, Inc. will post 0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

SUJA has been the subject of a number of recent analyst reports. Wall Street Zen cut Suja Life from a "hold" rating to a "sell" rating in a report on Sunday, July 12th. Jefferies Financial Group started coverage on Suja Life in a report on Monday, June 1st. They issued a "buy" rating and a $25.00 price target for the company. The Goldman Sachs Group restated a "buy" rating on shares of Suja Life in a report on Wednesday, August 5th. William Blair lowered Suja Life from an "outperform" rating to a "market perform" rating in a research report on Wednesday, August 5th. Finally, Evercore started coverage on Suja Life in a report on Monday, June 1st. They issued an "outperform" rating and a $24.00 target price for the company. One investment 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. According to data from MarketBeat.com, Suja Life presently 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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