Lifeway Foods, Inc. (NASDAQ:LWAY – Get Free Report) major shareholder Divisadero Street Capital Mana purchased 15,000 shares of Lifeway Foods stock in a transaction on Friday, August 14th. The shares were purchased at an average cost of $24.69 per share, with a total value of $370,350.00. Following the transaction, the insider owned 2,312,156 shares in the company, valued at approximately $57,087,131.64. The trade was a 0.65% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
Divisadero Street Capital Mana also recently made the following trade(s):
- On Monday, August 17th, Divisadero Street Capital Mana acquired 35,952 shares of Lifeway Foods stock. The stock was acquired at an average price of $24.78 per share, for a total transaction of $890,890.56.
- On Thursday, August 13th, Divisadero Street Capital Mana acquired 195,616 shares of Lifeway Foods stock. The stock was acquired at an average cost of $24.87 per share, for a total transaction of $4,864,969.92.
Lifeway Foods Stock Performance
Shares of LWAY opened at $25.45 on Wednesday. Lifeway Foods, Inc. has a 12 month low of $17.31 and a 12 month high of $34.20. The firm has a fifty day simple moving average of $29.06 and a 200 day simple moving average of $25.10. The stock has a market capitalization of $384.47 million, a price-to-earnings ratio of 36.36 and a beta of 0.44. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 0.26.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Freedom Capital raised Lifeway Foods from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 14th. Wall Street Zen downgraded Lifeway Foods from a “hold” rating to a “sell” rating in a research note on Saturday. Benchmark reaffirmed a “buy” rating on shares of Lifeway Foods in a research report on Monday, June 15th. Finally, Weiss Ratings cut Lifeway Foods from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $35.00.
Read Our Latest Stock Analysis on LWAY
Institutional Trading of Lifeway Foods
Several hedge funds and other institutional investors have recently modified their holdings of LWAY. Persistent Asset Partners Ltd bought a new position in Lifeway Foods in the 2nd quarter valued at about $26,000. Larson Financial Group LLC bought a new stake in shares of Lifeway Foods during the third quarter worth approximately $31,000. BNP Paribas Financial Markets grew its position in shares of Lifeway Foods by 577.3% in the second quarter. BNP Paribas Financial Markets now owns 1,551 shares of the company’s stock valued at $38,000 after purchasing an additional 1,322 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Lifeway Foods in the second quarter valued at approximately $40,000. Finally, State of Alaska Department of Revenue increased its stake in shares of Lifeway Foods by 302.0% during the fourth quarter. State of Alaska Department of Revenue now owns 2,967 shares of the company’s stock worth $71,000 after purchasing an additional 2,229 shares during the period. Institutional investors own 36.39% of the company’s stock.
About Lifeway Foods
Lifeway Foods, Inc (NASDAQ: LWAY) is a Chicago-based food company specializing in probiotic-rich cultured dairy products. Established in 1986 by Michael Smolyansky, the company pioneered the introduction of kefir to the U.S. market. Under the leadership of CEO Julie Smolyansky, who succeeded her father in 2002, Lifeway has grown from a single product operation into a diversified portfolio of fermented foods and beverages aimed at promoting digestive health and wellness.
The company’s flagship product is kefir, a cultured milk beverage naturally rich in probiotics, vitamins and minerals.
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