Deutsche Bank AG Acquires New Stake in Lifeway Foods, Inc. $LWAY

Deutsche Bank AG acquired a new position in shares of Lifeway Foods, Inc. (NASDAQ:LWAY) in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 3,189 shares of the company’s stock, valued at approximately $78,000.

Other hedge funds also recently made changes to their positions in the company. JBF Capital Inc. acquired a new position in shares of Lifeway Foods during the first quarter worth about $672,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in Lifeway Foods in the first quarter valued at about $221,000. Towerview LLC boosted its holdings in Lifeway Foods by 107.1% in the 1st quarter. Towerview LLC now owns 72,500 shares of the company’s stock valued at $1,773,000 after purchasing an additional 37,500 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Lifeway Foods by 2.8% in the 1st quarter. Bank of New York Mellon Corp now owns 57,403 shares of the company’s stock valued at $1,403,000 after purchasing an additional 1,562 shares in the last quarter. Finally, Rhumbline Advisers increased its position in Lifeway Foods by 8.2% during the 1st quarter. Rhumbline Advisers now owns 6,068 shares of the company’s stock worth $148,000 after purchasing an additional 462 shares during the period. Institutional investors and hedge funds own 36.39% of the company’s stock.

Insiders Place Their Bets

In other news, Director Jason Scott Scher sold 16,366 shares of the firm’s stock in a transaction on Friday, June 27th. The stock was sold at an average price of $24.24, for a total value of $396,711.84. Following the completion of the transaction, the director owned 1 shares in the company, valued at $24.24. This trade represents a 99.99% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 18.86% of the company’s stock.

Lifeway Foods Trading Down 1.5%

Shares of Lifeway Foods stock opened at $30.47 on Tuesday. The company has a 50-day moving average of $27.06 and a two-hundred day moving average of $24.51. Lifeway Foods, Inc. has a 12-month low of $17.82 and a 12-month high of $32.19. The stock has a market cap of $464.06 million, a PE ratio of 44.16 and a beta of 0.45.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on LWAY shares. Lake Street Capital raised their price target on Lifeway Foods from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, August 13th. Wall Street Zen upgraded Lifeway Foods from a “hold” rating to a “buy” rating in a research report on Saturday, August 16th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.00.

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.