Suja Life (NASDAQ:SUJA) Major Shareholder Acquires 189,300 Shares of 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 that occurred on Thursday, August 20th. The shares were purchased at an average cost of $7.63 per share, with a total value of $1,444,359.00. Following the completion of the acquisition, the insider owned 9,787,457 shares in the company, valued at $74,678,296.91. This trade represents a 1.97% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company’s stock 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, August 18th, Schwartz Food Chain Fund Paine bought 189,300 shares of Suja Life stock. The stock was purchased at an average price of $6.73 per share, for a total transaction of $1,273,989.00.
  • On Monday, August 17th, Schwartz Food Chain Fund Paine bought 175,185 shares of Suja Life stock. The stock was purchased at an average price of $6.49 per share, for a total transaction of $1,136,950.65.
  • On Friday, August 14th, Schwartz Food Chain Fund Paine bought 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.
  • On Wednesday, August 12th, Schwartz Food Chain Fund Paine bought 111,929 shares of Suja Life stock. The shares were purchased at an average cost 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 shares were purchased 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 purchased 111,929 shares of Suja Life stock. The stock was acquired at an average cost of $6.43 per share, for a total transaction of $719,703.47.

Suja Life Trading Up 1.5%

Shares of NASDAQ:SUJA traded up $0.11 during midday trading on Thursday, hitting $7.50. The company’s stock had a trading volume of 679,994 shares, compared to its average volume of 486,697. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.53. The stock’s 50 day moving average is $9.29. Suja Life, Inc. has a fifty-two week low of $5.59 and a fifty-two week high of $18.48.

Suja Life (NASDAQ:SUJAGet Free Report) last posted its quarterly earnings data on Tuesday, August 4th. The company reported ($0.14) earnings per share 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 business’s revenue for the quarter was up 11.2% compared to the same quarter last year. Equities research analysts predict that Suja Life, Inc. will post 0.1 earnings per share for the current year.

Suja Life News Roundup

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

Analyst Ratings Changes

Several equities research analysts recently weighed in on SUJA shares. Jefferies Financial Group assumed coverage on shares of Suja Life in a research note on Monday, June 1st. They issued a “buy” rating and a $25.00 target price for the company. Weiss Ratings assumed coverage on Suja Life in a research note on Wednesday, August 5th. They set a “sell (e-)” rating on the stock. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Suja Life in a report on Wednesday, August 5th. Wall Street Zen downgraded Suja Life from a “hold” rating to a “sell” rating in a research report on Sunday, July 12th. Finally, Evercore started coverage on Suja Life in a report on Monday, June 1st. They set an “outperform” rating and a $24.00 price objective on the stock. One 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 issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $26.67.

Check Out Our Latest Research Report on SUJA

Suja Life Company Profile

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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.

Further Reading

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