BTIG Research upgraded shares of Lifeway Foods (NASDAQ:LWAY – Free Report) to a strong-buy rating in a research report released on Thursday morning, Marketbeat.com reports. The firm currently has $32.00 target price on the stock.
A number of other equities analysts have also commented on the company. Benchmark reaffirmed a “buy” rating on shares of Lifeway Foods in a report on Monday, June 15th. Weiss Ratings lowered Lifeway Foods from a “buy (b-)” rating to a “hold (c)” rating in a research note on Thursday, August 13th. Freedom Capital raised Lifeway Foods from a “hold” rating to a “strong-buy” rating in a report on Friday, August 14th. Finally, Wall Street Zen downgraded Lifeway Foods from a “hold” rating to a “sell” rating in a research note on Saturday, August 15th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $34.00.
Get Our Latest Analysis on Lifeway Foods
Lifeway Foods Stock Performance
Lifeway Foods (NASDAQ:LWAY – Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.25). Lifeway Foods had a return on equity of 12.66% and a net margin of 4.48%.The business had revenue of $66.89 million during the quarter, compared to the consensus estimate of $61.40 million.
Insider Transactions at Lifeway Foods
In other Lifeway Foods news, major shareholder Divisadero Street Capital Mana acquired 195,616 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were bought at an average price of $24.87 per share, for a total transaction of $4,864,969.92. Following the completion of the transaction, the insider owned 2,297,156 shares of the company’s stock, valued at approximately $57,130,269.72. This represents a 9.31% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Ludmila Smolyansky sold 100,000 shares of Lifeway Foods stock in a transaction on Wednesday, July 22nd. The shares were sold at an average price of $30.11, for a total value of $3,011,000.00. Following the sale, the insider directly owned 507,207 shares of the company’s stock, valued at $15,272,002.77. This represents a 16.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have bought 248,568 shares of company stock valued at $6,176,730 and have sold 592,698 shares valued at $17,070,367. Insiders own 18.58% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. Gamco Investors INC. ET AL raised its position in shares of Lifeway Foods by 33.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 214,650 shares of the company’s stock valued at $4,151,000 after buying an additional 53,900 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Lifeway Foods by 8.8% during the first quarter. Dimensional Fund Advisors LP now owns 235,710 shares of the company’s stock worth $4,558,000 after purchasing an additional 19,035 shares during the last quarter. Steadtrust LLC bought a new position in shares of Lifeway Foods during the 2nd quarter valued at about $477,000. Carlson Capital L.P. purchased a new position in shares of Lifeway Foods during the 1st quarter valued at about $193,000. Finally, Vivaldi Capital Management LP purchased a new stake in Lifeway Foods in the first quarter worth approximately $213,000. Hedge funds and other 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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