Lifeway Foods (NASDAQ:LWAY) Rating Lowered to Hold at StockNews.com

Lifeway Foods (NASDAQ:LWAYGet Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued on Friday.

Several other analysts have also recently commented on LWAY. Noble Financial upgraded Lifeway Foods from a “market perform” rating to an “outperform” rating and set a $20.00 target price on the stock in a research report on Thursday. Lake Street Capital increased their price target on Lifeway Foods from $25.00 to $28.00 and gave the company a “buy” rating in a research note on Wednesday, May 15th.

Check Out Our Latest Report on Lifeway Foods

Lifeway Foods Stock Down 2.0 %

LWAY opened at $15.36 on Friday. Lifeway Foods has a 12 month low of $5.76 and a 12 month high of $28.61. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.53 and a quick ratio of 1.98. The stock has a market cap of $225.90 million, a P/E ratio of 17.86 and a beta of 1.31. The stock’s 50 day moving average price is $20.12 and its 200 day moving average price is $15.45.

Lifeway Foods (NASDAQ:LWAYGet Free Report) last posted its earnings results on Tuesday, May 14th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.24 by ($0.08). Lifeway Foods had a net margin of 7.77% and a return on equity of 22.34%. The business had revenue of $44.63 million during the quarter, compared to analyst estimates of $43.00 million. During the same quarter in the prior year, the business earned $0.06 earnings per share. As a group, research analysts predict that Lifeway Foods will post 0.8 earnings per share for the current year.

Insider Buying and Selling at Lifeway Foods

In other news, major shareholder Ludmila Smolyansky sold 13,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $12.87, for a total transaction of $167,310.00. Following the completion of the sale, the insider now directly owns 1,359,386 shares of the company’s stock, valued at approximately $17,495,297.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Ludmila Smolyansky sold 13,000 shares of the firm’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $12.87, for a total transaction of $167,310.00. Following the completion of the sale, the insider now directly owns 1,359,386 shares of the company’s stock, valued at approximately $17,495,297.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Julie Smolyansky sold 10,105 shares of the firm’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $17.26, for a total value of $174,412.30. Following the sale, the chief executive officer now directly owns 2,084,417 shares of the company’s stock, valued at $35,977,037.42. The disclosure for this sale can be found here. In the last ninety days, insiders sold 155,297 shares of company stock valued at $2,894,444. 31.77% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Lifeway Foods

Several large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp acquired a new stake in shares of Lifeway Foods in the third quarter worth $405,000. Teton Advisors Inc. acquired a new stake in shares of Lifeway Foods in the third quarter worth $114,000. Gamco Investors INC. ET AL boosted its position in shares of Lifeway Foods by 64.9% in the third quarter. Gamco Investors INC. ET AL now owns 49,455 shares of the company’s stock worth $511,000 after buying an additional 19,455 shares during the period. Navellier & Associates Inc. acquired a new stake in shares of Lifeway Foods in the third quarter worth $250,000. Finally, Acadian Asset Management LLC acquired a new stake in shares of Lifeway Foods in the third quarter worth $143,000. 36.39% of the stock is owned by institutional investors.

About Lifeway Foods

(Get Free Report)

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 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.

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