Lifeway Foods (NASDAQ:LWAY) Receives “Buy” Rating from Lake Street Capital

Lifeway Foods (NASDAQ:LWAY)‘s stock had its “buy” rating reiterated by equities researchers at Lake Street Capital in a report released on Wednesday, MarketBeat reports. They presently have a $33.00 target price on the stock, up from their previous target price of $30.00. Lake Street Capital’s price target points to a potential upside of 10.74% from the stock’s previous close.

Separately, Wall Street Zen raised Lifeway Foods to a “hold” rating in a research report on Saturday, July 12th.

Lifeway Foods Stock Performance

Shares of NASDAQ:LWAY opened at $29.80 on Wednesday. Lifeway Foods has a 52-week low of $17.82 and a 52-week high of $31.00. The firm has a market capitalization of $453.76 million, a P/E ratio of 43.19 and a beta of 0.69. The stock has a 50 day moving average price of $25.75 and a 200-day moving average price of $23.85.

Lifeway Foods (NASDAQ:LWAY) last posted its quarterly earnings data on Tuesday, August 12th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.10. Lifeway Foods had a return on equity of 14.32% and a net margin of 5.49%. The company had revenue of $53.90 million during the quarter, compared to analyst estimates of $54.00 million.

Insider Buying and Selling

In other Lifeway Foods news, Director Pol Sikar sold 3,000 shares of the stock in a transaction on Tuesday, May 20th. The stock was sold at an average price of $22.35, for a total transaction of $67,050.00. Following the sale, the director directly owned 23,858 shares in the company, valued at approximately $533,226.30. This trade represents a 11.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jason Scott Scher sold 16,366 shares of the stock in a transaction on Friday, June 27th. The shares were sold at an average price of $24.24, for a total value of $396,711.84. Following the sale, the director owned 1 shares in the company, valued at approximately $24.24. This represents a 99.99% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,566 shares of company stock valued at $685,172. 18.86% of the stock is owned by corporate insiders.

Institutional Trading of Lifeway Foods

Several institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers boosted its stake in Lifeway Foods by 8.2% during the 1st quarter. Rhumbline Advisers now owns 6,068 shares of the company’s stock valued at $148,000 after purchasing an additional 462 shares during the last quarter. Algert Global LLC boosted its stake in Lifeway Foods by 8.1% during the 4th quarter. Algert Global LLC now owns 9,076 shares of the company’s stock valued at $225,000 after purchasing an additional 680 shares during the last quarter. Barclays PLC boosted its stake in Lifeway Foods by 11.0% during the 4th quarter. Barclays PLC now owns 7,127 shares of the company’s stock valued at $176,000 after purchasing an additional 707 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Lifeway Foods by 33.6% during the 4th quarter. Wells Fargo & Company MN now owns 2,855 shares of the company’s stock valued at $71,000 after purchasing an additional 718 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in Lifeway Foods by 0.9% during the 4th quarter. Gamco Investors INC. ET AL now owns 120,350 shares of the company’s stock valued at $2,985,000 after purchasing an additional 1,050 shares during the last quarter. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

Lifeway Foods Company Profile

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.