Research Analysts’ Weekly Ratings Changes for Lifeway Foods (LWAY)

Lifeway Foods (NASDAQ: LWAY) recently received a number of ratings updates from brokerages and research firms:

• 9/5/2023 – Lifeway Foods is now covered by analysts at StockNews.com. They set a “strong-buy” rating on the stock.
• 8/28/2023 – Lifeway Foods is now covered by analysts at StockNews.com. They set a “strong-buy” rating on the stock.
• 8/24/2023 – Lifeway Foods had its price target raised by analysts at Noble Financial from $10.00 to $12.00. They now have an “outperform” rating on the stock.
• 8/20/2023 – Lifeway Foods is now covered by analysts at StockNews.com. They set a “strong-buy” rating on the stock.
• 8/12/2023 – Lifeway Foods is now covered by analysts at StockNews.com. They set a “strong-buy” rating on the stock.
• 8/4/2023 – Lifeway Foods is now covered by analysts at StockNews.com. They set a “strong-buy” rating on the stock.
• 7/27/2023 – Lifeway Foods is now covered by analysts at StockNews.com. They set a “strong-buy” rating on the stock.
• 7/19/2023 – Lifeway Foods is now covered by analysts at StockNews.com. They set a “strong-buy” rating on the stock.
• 7/11/2023 – Lifeway Foods is now covered by analysts at StockNews.com. They set a “strong-buy” rating on the stock.

Lifeway Foods Trading Down 0.5 %

Shares of Lifeway Foods stock traded down $0.06 on Friday, hitting $11.51. 33,135 shares of the company’s stock traded hands, compared to its average volume of 28,530. Lifeway Foods, Inc. has a one year low of $5.22 and a one year high of $11.75. The company has a debt-to-equity ratio of 0.09, a current ratio of 2.44 and a quick ratio of 1.65. The stock has a market capitalization of $168.85 million, a PE ratio of 30.29 and a beta of 1.43. The firm’s 50-day moving average price is $7.81 and its two-hundred day moving average price is $6.75.

Lifeway Foods (NASDAQ:LWAY) last released its earnings results on Monday, August 14th. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.15. The firm had revenue of $39.23 million for the quarter, compared to analyst estimates of $37.50 million. Lifeway Foods had a return on equity of 11.43% and a net margin of 3.76%. On average, research analysts expect that Lifeway Foods, Inc. will post 0.6 EPS for the current fiscal year.

Insider Activity at Lifeway Foods

In other Lifeway Foods news, CEO Julie Smolyansky sold 13,000 shares of Lifeway Foods stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $8.36, for a total transaction of $108,680.00. Following the transaction, the chief executive officer now directly owns 2,143,748 shares in the company, valued at $17,921,733.28. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, CEO Julie Smolyansky sold 13,000 shares of the firm’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $8.36, for a total transaction of $108,680.00. Following the sale, the chief executive officer now owns 2,143,748 shares of the company’s stock, valued at $17,921,733.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Edward Smolyansky sold 19,526 shares of the business’s stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $10.30, for a total value of $201,117.80. Following the completion of the transaction, the insider now owns 1,299,439 shares of the company’s stock, valued at $13,384,221.70. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 45,526 shares of company stock worth $427,838. 31.77% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Lifeway Foods

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in shares of Lifeway Foods by 22.8% in the 1st quarter. Vanguard Group Inc. now owns 178,117 shares of the company’s stock valued at $1,286,000 after purchasing an additional 33,079 shares during the period. UBS Group AG lifted its stake in Lifeway Foods by 12,896.2% in the 4th quarter. UBS Group AG now owns 16,895 shares of the company’s stock valued at $94,000 after acquiring an additional 16,765 shares in the last quarter. Millennium Management LLC acquired a new position in Lifeway Foods during the 4th quarter worth approximately $82,000. Dimensional Fund Advisors LP grew its stake in shares of Lifeway Foods by 1.4% during the 1st quarter. Dimensional Fund Advisors LP now owns 266,535 shares of the company’s stock worth $1,610,000 after acquiring an additional 3,657 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Lifeway Foods by 2.2% in the first quarter. Renaissance Technologies LLC now owns 383,982 shares of the company’s stock valued at $2,319,000 after purchasing an additional 8,200 shares in the last quarter. 30.74% of the stock is currently owned by institutional investors and hedge funds.

Lifeway Foods, Inc produces and markets probiotic-based products in the United States and internationally. Its primary product is drinkable kefir, a cultured dairy product in various organic and non-organic sizes, flavors, and types. The company also offers European-style soft cheeses; cream and other products; ProBugs, a line of kefir products designed for children; drinkable yogurt; and fresh made butter and sour cream.