Lifeway Foods Inc. (NASDAQ:LWAY) had its price objective hoisted by DA Davidson from $13.00 to $17.00 in a report issued on Friday. DA Davidson currently has a buy rating on the stock.

Separately, Zacks Investment Research upgraded shares of Lifeway Foods from a sell rating to a hold rating in a research report on Wednesday, August 3rd.

Lifeway Foods (NASDAQ:LWAY) last posted its quarterly earnings data on Wednesday, August 17th. The company reported $0.13 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.09. The firm had revenue of $31.10 million for the quarter. Lifeway Foods had a net margin of 3.24% and a return on equity of 8.59%.

A number of institutional investors have recently modified their holdings of the company. TIAA CREF Investment Management LLC boosted its position in shares of Lifeway Foods by 23.2% in the first quarter. TIAA CREF Investment Management LLC now owns 22,225 shares of the company’s stock worth $241,000 after buying an additional 4,190 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Lifeway Foods by 1.7% in the first quarter. Geode Capital Management LLC now owns 33,233 shares of the company’s stock worth $359,000 after buying an additional 563 shares during the last quarter. Cadence Capital Management LLC boosted its position in shares of Lifeway Foods by 2.0% in the second quarter. Cadence Capital Management LLC now owns 84,922 shares of the company’s stock worth $821,000 after buying an additional 1,688 shares during the last quarter. State Street Corp boosted its position in shares of Lifeway Foods by 0.7% in the first quarter. State Street Corp now owns 78,063 shares of the company’s stock worth $845,000 after buying an additional 547 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Lifeway Foods by 6.8% in the first quarter. Renaissance Technologies LLC now owns 129,100 shares of the company’s stock worth $1,398,000 after buying an additional 8,200 shares during the last quarter. Institutional investors own 16.45% of the company’s stock.

About Lifeway Foods

Lifeway Foods, Inc (Lifeway) is engaged in the manufacturing of probiotic, cultured, functional dairy health food products. The Company is engaged in the sale of fermented dairy products, which are produced and are sold to consumers through a network of distributors and retailers in the United States.

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