Suja Life (NASDAQ:SUJA) Major Shareholder Schwartz Food Chain Fund Paine Buys 189,300 Shares of Stock

Key Points

• Major shareholder buying: Schwartz Food Chain Fund Paine purchased 189,300 Suja Life shares for approximately $1.27 million, increasing its holdings to 9.41 million shares. The fund also made several additional purchases in August.
• Mixed operating performance: Suja Life’s quarterly revenue rose 11.2% year over year to $83.86 million, but the company reported a $0.14-per-share loss, missing the consensus estimate by $0.34.
• Stock and outlook remain volatile: Shares recently traded near $7.50, well below their 52-week high of $18.48. Analyst opinions are mixed, although the consensus rating remains “Moderate Buy” with a $26.67 price target.

Suja Life, Inc. (NASDAQ:SUJA - Get Free Report) major shareholder Schwartz Food Chain Fund Paine bought 189,300 shares of the stock in a transaction dated Tuesday, August 18th. The shares were bought at an average price of $6.73 per share, for a total transaction of $1,273,989.00. Following the completion of the acquisition, the insider owned 9,408,857 shares in the company, valued at approximately $63,321,607.61. The trade was a 2.05% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 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 Thursday, August 20th, Schwartz Food Chain Fund Paine purchased 189,300 shares of Suja Life stock. The stock was bought at an average cost of $7.63 per share, with a total value of $1,444,359.00.
• On Monday, August 17th, Schwartz Food Chain Fund Paine purchased 175,185 shares of Suja Life stock. The stock was bought at an average cost 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 bought at an average price 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 bought 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 acquired 108,440 shares of Suja Life stock. The shares were bought at an average cost of $6.09 per share, for a total transaction of $660,399.60.
• On Monday, August 10th, Schwartz Food Chain Fund Paine bought 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 Stock Up 1.5%

Shares of SUJA traded up $0.11 during midday trading on Thursday, reaching $7.50. The company had a trading volume of 679,994 shares, compared to its average volume of 486,697. Suja Life, Inc. has a 1-year low of $5.59 and a 1-year high of $18.48. The business has a 50 day simple moving average of $9.29. The company has a quick ratio of 0.96, a current ratio of 1.53 and a debt-to-equity ratio of 0.86.

Suja Life (NASDAQ:SUJA - Get Free Report) last posted 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 firm had revenue of $83.86 million during the quarter. The company's revenue was up 11.2% on a year-over-year basis. As a group, equities analysts forecast that Suja Life, Inc. will post 0.1 EPS for the current year.

Key Headlines Impacting Suja Life

Here are the key news stories impacting Suja Life this week:

• Positive Sentiment: Major shareholder increases stake: Schwartz Food Chain Fund Paine purchased a combined 378,600 shares on August 18 and August 20 at average prices of $6.73 and $7.63, respectively. The purchases increased the fund’s ownership to nearly 9.8 million shares and may signal confidence in Suja Life’s long-term prospects. SEC insider ownership filing
• Positive Sentiment: Refinancing lowers borrowing costs: Suja Life announced an amended and restated credit agreement that reduces its borrowing spread and cost of capital. The change could improve cash flow and financial flexibility, although the company remains exposed to its existing debt obligations. Amended and restated credit agreement
• Neutral Sentiment: Stock remains volatile: SUJA recently traded near $7.50, compared with a 12-month range of $5.59 to $18.48. Its latest quarterly report showed revenue growth of 11.2% year over year, but earnings missed analyst expectations, adding uncertainty around profitability.
• Negative Sentiment: Multiple law firms are investigating: Rosen Law Firm, Glancy Prongay Wolke & Rotter, Howard G. Smith, Robbins LLP, Frank R. Cruz and Hagens Berman announced or reiterated investigations into potential securities-law violations, including allegations that Suja Life may have made misleading statements about its business, distribution channels and IPO disclosures. These announcements increase headline, litigation and potential financial risks for shareholders. Rosen investigation Hagens Berman investigation

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. 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. The Goldman Sachs Group restated a "buy" rating on shares of Suja Life in a report on Wednesday, August 5th. 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. William Blair cut Suja Life from an "outperform" rating to a "market perform" rating in a report on Wednesday, August 5th. Finally, Wall Street Zen lowered Suja Life from a "hold" rating to a "sell" rating in a research report on Sunday, July 12th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Suja Life presently has a consensus rating of "Moderate Buy" and a consensus 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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