Insider Buying: Suja Life (NASDAQ:SUJA) Major Shareholder Purchases $1,273,989.00 in Stock

Suja Life, Inc. (NASDAQ:SUJAGet Free Report) major shareholder Schwartz Food Chain Fund Paine acquired 189,300 shares of the firm’s stock in a transaction dated Tuesday, August 18th. The stock was 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 position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more 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 Thursday, August 20th, Schwartz Food Chain Fund Paine acquired 189,300 shares of Suja Life stock. The shares were 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 bought 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 bought 111,929 shares of Suja Life stock. The stock was purchased 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 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 purchased 108,440 shares of Suja Life stock. The shares were purchased at an average price of $6.09 per share, for a total transaction of $660,399.60.
  • On Monday, August 10th, Schwartz Food Chain Fund Paine purchased 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 Up 1.5%

Shares of SUJA traded up $0.11 during midday trading on Thursday, hitting $7.50. 679,994 shares of the stock were exchanged, compared to its average volume of 486,697. Suja Life, Inc. has a 52-week low of $5.59 and a 52-week 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 stock’s fifty day moving average is $9.29.

Suja Life (NASDAQ:SUJAGet Free Report) last posted 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 company had revenue of $83.86 million during the quarter. The firm’s revenue was up 11.2% on a year-over-year basis. On average, equities analysts expect that Suja Life, Inc. will post 0.1 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. William Blair cut shares of Suja Life from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 5th. Weiss Ratings assumed coverage on shares of Suja Life in a report on Wednesday, August 5th. They issued a “sell (e-)” rating for the company. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Suja Life in a research note on Wednesday, August 5th. Zacks Research upgraded shares of Suja Life to a “hold” rating in a report on Tuesday, June 2nd. Finally, Jefferies Financial Group began coverage on shares of Suja Life in a research report on Monday, June 1st. They issued a “buy” rating and a $25.00 price target for the company. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $26.67.

Check Out Our Latest Research Report on SUJA

Key Stories 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

About Suja Life

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Suja Life Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Suja Life and related companies with MarketBeat.com's FREE daily email newsletter.