Lifeway Foods, Inc. Expected to Earn Q1 2024 Earnings of $0.24 Per Share (NASDAQ:LWAY)

Lifeway Foods, Inc. (NASDAQ:LWAYFree Report) – Research analysts at Noble Financial issued their Q1 2024 EPS estimates for shares of Lifeway Foods in a research report issued to clients and investors on Thursday, March 21st. Noble Financial analyst J. Gomes forecasts that the company will post earnings per share of $0.24 for the quarter. Noble Financial has a “Outperform” rating and a $14.00 price target on the stock. The consensus estimate for Lifeway Foods’ current full-year earnings is $0.88 per share. Noble Financial also issued estimates for Lifeway Foods’ Q2 2024 earnings at $0.25 EPS, Q3 2024 earnings at $0.25 EPS, Q4 2024 earnings at $0.26 EPS, FY2024 earnings at $1.00 EPS and FY2025 earnings at $1.14 EPS.

Separately, StockNews.com upgraded shares of Lifeway Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 26th.

Read Our Latest Report on Lifeway Foods

Lifeway Foods Stock Up 8.7 %

LWAY stock opened at $14.76 on Friday. The firm has a 50 day moving average of $12.11 and a 200 day moving average of $12.37. The stock has a market capitalization of $216.82 million, a PE ratio of 19.42 and a beta of 1.29. The company has a quick ratio of 1.68, a current ratio of 2.25 and a debt-to-equity ratio of 0.08. Lifeway Foods has a 52 week low of $5.61 and a 52 week high of $17.33.

Insider Buying and Selling at Lifeway Foods

In other Lifeway Foods news, major shareholder Edward Smolyansky sold 3,468 shares of Lifeway Foods stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $13.44, for a total transaction of $46,609.92. Following the completion of the sale, the insider now directly owns 1,271,642 shares in the company, valued at approximately $17,090,868.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Lifeway Foods news, major shareholder Edward Smolyansky sold 3,468 shares of Lifeway Foods stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $13.44, for a total transaction of $46,609.92. Following the completion of the sale, the insider now directly owns 1,271,642 shares in the company, valued at approximately $17,090,868.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Ludmila Smolyansky sold 22,747 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $11.61, for a total transaction of $264,092.67. Following the completion of the transaction, the insider now owns 1,364,787 shares of the company’s stock, valued at $15,845,177.07. The disclosure for this sale can be found here. In the last ninety days, insiders sold 66,216 shares of company stock worth $818,566. Company insiders own 31.77% of the company’s stock.

Hedge Funds Weigh In On Lifeway Foods

Several large investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP lifted its stake in shares of Lifeway Foods by 0.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 268,069 shares of the company’s stock valued at $1,804,000 after purchasing an additional 1,534 shares during the period. Royal Bank of Canada grew its position in shares of Lifeway Foods by 32.5% in the fourth quarter. Royal Bank of Canada now owns 7,421 shares of the company’s stock valued at $99,000 after purchasing an additional 1,821 shares during the period. Vanguard Group Inc. increased its stake in shares of Lifeway Foods by 0.9% during the fourth quarter. Vanguard Group Inc. now owns 260,569 shares of the company’s stock worth $3,494,000 after purchasing an additional 2,211 shares in the last quarter. Northern Trust Corp raised its position in shares of Lifeway Foods by 14.7% during the 2nd quarter. Northern Trust Corp now owns 17,255 shares of the company’s stock worth $113,000 after purchasing an additional 2,212 shares during the last quarter. Finally, Citigroup Inc. acquired a new stake in Lifeway Foods in the 3rd quarter worth about $27,000. 30.74% of the stock is currently owned by institutional investors and hedge funds.

Lifeway Foods Company Profile

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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.

Further Reading

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