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

Suja Life, Inc. (NASDAQ:SUJA) major shareholder Schwartz Food Chain Fund Paine purchased 189,300 shares of the business’s stock in a transaction on Thursday, August 20th. The stock was acquired at an average price of $7.63 per share, with a total value of $1,444,359.00. Following the completion of the acquisition, the insider directly owned 9,787,457 shares in the company, valued at $74,678,296.91. The trade was a 1.97% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 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 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, 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 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, with a total value 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 price 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 price of $6.43 per share, for a total transaction of $719,703.47.

Suja Life Price Performance

Shares of NASDAQ:SUJA opened at $7.50 on Friday. The stock has a 50-day simple moving average of $9.22. The company has a current ratio of 1.53, a quick ratio of 0.96 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) last posted its quarterly earnings results on Tuesday, August 4th. The company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.20 by ($0.34). The business had revenue of $83.86 million during the quarter. The firm’s revenue was up 11.2% on a year-over-year basis. Analysts expect that Suja Life, Inc. will post 0.1 earnings per share for the current fiscal 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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on SUJA shares. Evercore started coverage on shares of Suja Life in a research note on Monday, June 1st. They issued an “outperform” rating and a $24.00 price target for the company. Zacks Research upgraded shares of Suja Life to a “hold” rating in a research note on Tuesday, June 2nd. Wall Street Zen cut shares of Suja Life from a “hold” rating to a “sell” rating in a research note on Sunday, July 12th. The Goldman Sachs Group reissued a “buy” rating on shares of Suja Life in a report on Wednesday, August 5th. Finally, Weiss Ratings initiated coverage on shares of Suja Life in a report on Wednesday, August 5th. They issued a “sell (e-)” rating for the company. One research 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 stock. According to data from MarketBeat, Suja Life has an average rating of “Moderate Buy” and an average target price of $26.67.

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.