Lifeway Foods Inc. (NASDAQ:LWAY) was upgraded by equities researchers at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Several other equities analysts have also issued reports on LWAY. Zacks Investment Research upgraded Lifeway Foods from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a research report on Friday, August 19th. DA Davidson reiterated a “buy” rating and issued a $13.00 price objective on shares of Lifeway Foods in a research report on Friday, August 19th.

Shares of Lifeway Foods (NASDAQ:LWAY) opened at 15.88 on Monday. The stock has a 50 day moving average of $11.93 and a 200 day moving average of $10.54. Lifeway Foods has a 52 week low of $8.68 and a 52 week high of $16.60. The firm has a market cap of $256.30 million, a P/E ratio of 60.15 and a beta of 0.44.

Lifeway Foods (NASDAQ:LWAY) last issued its quarterly earnings data on Wednesday, August 17th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.09. Lifeway Foods had a return on equity of 8.59% and a net margin of 3.24%. The business earned $31.10 million during the quarter. Equities analysts forecast that Lifeway Foods will post $0.38 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. State Street Corp increased its position in 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 period. Gabelli Funds LLC increased its position in Lifeway Foods by 2.2% in the second quarter. Gabelli Funds LLC now owns 313,892 shares of the company’s stock worth $3,035,000 after buying an additional 6,849 shares during the period. Renaissance Technologies LLC increased its position in 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 period. Gamco Investors INC. ET AL increased its position in Lifeway Foods by 1.5% in the second quarter. Gamco Investors INC. ET AL now owns 290,704 shares of the company’s stock worth $2,811,000 after buying an additional 4,306 shares during the period. Finally, Geode Capital Management LLC increased its position in 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 period. 16.45% of the stock is owned by hedge funds and other institutional investors.

Lifeway Foods Company Profile

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.

5 Day Chart for NASDAQ:LWAY

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