Key Points
- Major shareholder Schwartz Food Chain Fund Paine bought 175,000 Suja Life shares at an average $10.26 each, a $1.80 million transaction. The purchase increased its direct ownership to 11.62 million shares, valued at approximately $119.2 million.
- Paine has made a series of Suja Life purchases since August 11, buying more than 1.8 million shares as prices rose from roughly $6.09 to $10.26 per share, signaling sustained buying by the major shareholder.
- Suja Life reported quarterly revenue of $83.86 million, up 11.2% year over year, but missed earnings expectations with a loss of $0.14 per share versus the expected $0.20 profit. Shares opened at $10.22, while analysts maintain a “Moderate Buy” consensus and a $26.67 target price.
Suja Life, Inc. (NASDAQ:SUJA - Get Free Report) major shareholder Schwartz Food Chain Fund Paine bought 175,000 shares of the firm's stock in a transaction on Monday, August 31st. The stock was purchased at an average cost of $10.10 per share, for a total transaction of $1,767,500.00. Following the completion of the acquisition, the insider owned 11,271,253 shares in the company, valued at approximately $113,839,655.30. This trade represents a 1.58% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more 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 Wednesday, September 2nd, Schwartz Food Chain Fund Paine bought 175,000 shares of Suja Life stock. The stock was purchased at an average price of $10.26 per share, with a total value of $1,795,500.00.
- On Friday, August 28th, Schwartz Food Chain Fund Paine purchased 185,000 shares of Suja Life stock. The shares were purchased at an average cost of $9.33 per share, with a total value of $1,726,050.00.
- On Wednesday, August 26th, Schwartz Food Chain Fund Paine purchased 233,624 shares of Suja Life stock. The shares were purchased at an average cost of $9.59 per share, with a total value of $2,240,454.16.
- On Monday, August 24th, Schwartz Food Chain Fund Paine purchased 233,624 shares of Suja Life stock. The shares were purchased at an average price of $8.84 per share, for a total transaction of $2,065,236.16.
- On Thursday, August 20th, Schwartz Food Chain Fund Paine acquired 189,300 shares of Suja Life stock. The stock was purchased at an average cost of $7.63 per share, for a total transaction of $1,444,359.00.
- On Tuesday, August 18th, Schwartz Food Chain Fund Paine acquired 189,300 shares of Suja Life stock. The stock was purchased 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 purchased 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 shares were acquired at an average price 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 cost 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 stock was acquired at an average cost of $6.09 per share, for a total transaction of $660,399.60.
Suja Life Trading Down 2.0%
Shares of SUJA opened at $10.22 on Thursday. Suja Life, Inc. has a 52-week low of $5.59 and a 52-week high of $18.48. The firm has a fifty day simple moving average of $9.14. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.96 and a current ratio of 1.53.
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 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 company's quarterly revenue was up 11.2% on a year-over-year basis. Research analysts forecast that Suja Life, Inc. will post 0.1 earnings per share for the current year.
Institutional Investors Weigh In On Suja Life
An institutional investor recently bought a new stake in Suja Life stock. Readystate Asset Management LP acquired a new position in shares of Suja Life, Inc. (NASDAQ:SUJA - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 30,000 shares of the company's stock, valued at approximately $305,000. Readystate Asset Management LP owned about 0.08% of Suja Life as of its most recent SEC filing.
Analyst Upgrades and Downgrades
SUJA has been the subject of a number of research reports. William Blair cut shares of Suja Life from an "outperform" rating to a "market perform" rating in a report on Wednesday, August 5th. Zacks Research raised shares of Suja Life to a "hold" rating in a report on Tuesday, June 2nd. Evercore started coverage on shares of Suja Life in a research report on Monday, June 1st. They set an "outperform" rating and a $24.00 price objective for the company. Weiss Ratings initiated coverage on shares of Suja Life in a research report on Wednesday, August 5th. They set a "sell (e-)" rating for the company. Finally, Wall Street Zen downgraded shares of Suja Life from a "hold" rating to a "sell" rating in a research note on Sunday, July 12th. One 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. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $26.67.
View Our Latest Stock Analysis on SUJA
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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