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

Suja Life, Inc. (NASDAQ:SUJA) major shareholder Schwartz Food Chain Fund Paine bought 189,300 shares of the business’s stock in a transaction on Tuesday, August 18th. The stock was purchased at an average cost of $6.73 per share, with a total value of $1,273,989.00. Following the purchase, the insider owned 9,408,857 shares of the company’s stock, valued at $63,321,607.61. This represents a 2.05% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own at least 10% 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 shares were acquired at an average price of $7.63 per share, for a total transaction of $1,444,359.00.
• On Monday, August 17th, Schwartz Food Chain Fund Paine purchased 175,185 shares of Suja Life stock. The shares were acquired at an average cost of $6.49 per share, for a total transaction 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 price of $6.43 per share, with a total value of $719,703.47.
• On Wednesday, August 12th, Schwartz Food Chain Fund Paine acquired 111,929 shares of Suja Life stock. The stock was acquired at an average price of $6.13 per share, with a total value of $686,124.77.
• On Tuesday, August 11th, Schwartz Food Chain Fund Paine acquired 108,440 shares of Suja Life stock. The stock was acquired at an average cost of $6.09 per share, with a total value of $660,399.60.
• On Monday, August 10th, Schwartz Food Chain Fund Paine bought 111,929 shares of Suja Life stock. The shares were acquired at an average cost of $6.43 per share, for a total transaction of $719,703.47.

Suja Life Stock Up 1.5%

SUJA stock opened at $7.50 on Friday. The firm’s fifty day simple moving average is $9.22. Suja Life, Inc. has a 52 week low of $5.59 and a 52 week high of $18.48. 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) last posted its quarterly earnings results 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 business had revenue of $83.86 million for the quarter. Suja Life’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, research analysts forecast that Suja Life, Inc. will post 0.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

SUJA has been the subject of a number of recent research reports. Jefferies Financial Group began coverage on Suja Life in a research note on Monday, June 1st. They issued a “buy” rating and a $25.00 target price for the company. The Goldman Sachs Group restated a “buy” rating on shares of Suja Life in a research report on Wednesday, August 5th. William Blair cut Suja Life from an “outperform” rating to a “market perform” rating in a research note on Wednesday, August 5th. Evercore initiated coverage on Suja Life in a research report on Monday, June 1st. They issued an “outperform” rating and a $24.00 price objective for the company. Finally, Zacks Research upgraded Suja Life to a “hold” rating in a research report on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $26.67.

Suja Life News Summary

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

Suja Life Company Profile

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.