Key Points
- Schwartz Food Chain Fund Paine bought 233,624 Suja Life shares at an average $8.84 each, investing approximately $2.07 million and increasing its stake 2.34% to 10.21 million shares.
- The major shareholder made several additional purchases in August, bringing its recent buying to more than 1.1 million shares as Suja Life traded at $9.33, up 3.1%.
- Suja Life’s quarterly revenue rose 11.2% to $83.86 million, but it reported a $0.14-per-share loss and missed analysts’ expectations; analysts nevertheless maintain a “Moderate Buy” consensus with a $26.67 target price.
Suja Life, Inc. (NASDAQ:SUJA - Get Free Report) major shareholder Schwartz Food Chain Fund Paine bought 233,624 shares of the business's stock in a transaction that occurred on Monday, August 24th. The stock was acquired at an average cost of $8.84 per share, with a total value of $2,065,236.16. Following the completion of the acquisition, the insider owned 10,210,381 shares of the company's stock, valued at $90,259,768.04. This represents a 2.34% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 purchased 189,300 shares of Suja Life stock. The stock was acquired 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 purchased 189,300 shares of Suja Life stock. The shares were acquired at an average cost of $6.73 per share, for a total transaction of $1,273,989.00.
- On Monday, August 17th, Schwartz Food Chain Fund Paine acquired 175,185 shares of Suja Life stock. The shares were acquired 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 stock was acquired 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 stock was acquired at an average price of $6.13 per share, for a total transaction of $686,124.77.
- On Tuesday, August 11th, Schwartz Food Chain Fund Paine bought 108,440 shares of Suja Life stock. The shares were acquired 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 stock was acquired at an average cost of $6.43 per share, with a total value of $719,703.47.
Suja Life Trading Up 3.1%
SUJA opened at $9.33 on Wednesday. The stock has a 50-day moving average of $9.11. 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, Inc. has a 12 month low of $5.59 and a 12 month high of $18.48.
Suja Life (NASDAQ:SUJA - Get 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 firm had revenue of $83.86 million during the quarter. The firm's quarterly revenue was up 11.2% compared to the same quarter last year. On average, analysts expect that Suja Life, Inc. will post 0.1 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on SUJA shares. Zacks Research raised shares of Suja Life to a "hold" rating in a research note on Tuesday, June 2nd. Wall Street Zen downgraded shares of Suja Life from a "hold" rating to a "sell" rating in a research note on Sunday, July 12th. Evercore started coverage on Suja Life in a research note on Monday, June 1st. They set an "outperform" rating and a $24.00 target price on the stock. Weiss Ratings assumed coverage on Suja Life in a report on Wednesday, August 5th. They set a "sell (e-)" rating for the company. Finally, Jefferies Financial Group initiated coverage on Suja Life in a research note on Monday, June 1st. They issued a "buy" rating and a $25.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $26.67.
Check Out Our Latest Stock Report on SUJA
Institutional Trading of Suja Life
An institutional investor recently bought a new stake in Suja Life stock. Readystate Asset Management LP acquired a new position in Suja Life, Inc. (NASDAQ:SUJA - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 30,000 shares of the company's stock, valued at approximately $305,000. Readystate Asset Management LP owned approximately 0.08% of Suja Life as of its most recent SEC filing.
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.
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