Julie Smolyansky Buys 2,000 Shares of Lifeway Foods (NASDAQ:LWAY) Stock

Lifeway Foods, Inc. (NASDAQ:LWAYGet Free Report) CEO Julie Smolyansky acquired 2,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was purchased at an average price of $25.26 per share, for a total transaction of $50,520.00. Following the completion of the purchase, the chief executive officer directly owned 2,214,095 shares in the company, valued at $55,928,039.70. This trade represents a 0.09% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Lifeway Foods Stock Performance

Lifeway Foods stock traded down $0.41 during mid-day trading on Wednesday, reaching $25.04. The company’s stock had a trading volume of 210,987 shares, compared to its average volume of 118,381. The firm’s fifty day moving average price is $29.06 and its two-hundred day moving average price is $25.10. The company has a debt-to-equity ratio of 0.26, a quick ratio of 1.47 and a current ratio of 2.09. Lifeway Foods, Inc. has a 12-month low of $17.31 and a 12-month high of $34.20. The company has a market capitalization of $378.28 million, a P/E ratio of 35.77 and a beta of 0.44.

Lifeway Foods (NASDAQ:LWAYGet Free Report) last announced its quarterly earnings results on Thursday, August 13th. The company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.25). Lifeway Foods had a return on equity of 12.66% and a net margin of 4.48%.The firm had revenue of $66.89 million during the quarter, compared to analysts’ expectations of $61.40 million.

Analyst Ratings Changes

Several brokerages have recently commented on LWAY. Freedom Capital upgraded Lifeway Foods from a “hold” rating to a “strong-buy” rating in a research report on Friday, August 14th. Weiss Ratings downgraded Lifeway Foods from a “buy (b-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Benchmark reaffirmed a “buy” rating on shares of Lifeway Foods in a research note on Monday, June 15th. Finally, Wall Street Zen downgraded shares of Lifeway Foods from a “hold” rating to a “sell” rating in a research note on Saturday. One 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. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $35.00.

View Our Latest Stock Report on Lifeway Foods

Institutional Investors Weigh In On Lifeway Foods

Several institutional investors have recently added to or reduced their stakes in LWAY. Rhumbline Advisers increased its holdings in shares of Lifeway Foods by 8.2% during the first quarter. Rhumbline Advisers now owns 6,068 shares of the company’s stock valued at $148,000 after acquiring an additional 462 shares in the last quarter. Alliancebernstein L.P. grew its position in Lifeway Foods by 5.7% during the 3rd quarter. Alliancebernstein L.P. now owns 9,250 shares of the company’s stock valued at $257,000 after purchasing an additional 500 shares during the last quarter. Barclays PLC grew its position in Lifeway Foods by 9.0% during the 4th quarter. Barclays PLC now owns 8,009 shares of the company’s stock valued at $194,000 after purchasing an additional 659 shares during the last quarter. State of Wyoming increased its stake in Lifeway Foods by 9.0% during the 1st quarter. State of Wyoming now owns 9,015 shares of the company’s stock valued at $174,000 after purchasing an additional 747 shares in the last quarter. Finally, Persistent Asset Partners Ltd bought a new stake in Lifeway Foods during the 2nd quarter valued at about $26,000. Hedge funds and other institutional investors own 36.39% of the company’s stock.

Lifeway Foods Company Profile

(Get Free Report)

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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