Lifeway Foods Inc. (NASDAQ:LWAY) has been assigned an average broker rating score of 1.50 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a buy recommendation and one has assigned a strong buy recommendation to the company.
Brokerages have set a 1-year consensus target price of $15.10 for the company and are expecting that the company will post $0.09 earnings per share for the current quarter, according to Zacks. Zacks has also given Lifeway Foods an industry rank of 6 out of 265 based on the ratings given to related companies.
LWAY has been the subject of a number of recent research reports. DA Davidson reaffirmed a “buy” rating and set a $13.00 price objective on shares of Lifeway Foods in a research report on Friday, August 19th. Zacks Investment Research raised shares of Lifeway Foods from a “hold” rating to a “strong-buy” rating and set a $12.00 price objective for the company in a research report on Friday, August 19th. Finally, TheStreet raised shares of Lifeway Foods from a “hold” rating to a “buy” rating in a research report on Monday, September 19th.
Several large investors have recently made changes to their positions in LWAY. State Street Corp increased its stake in shares of Lifeway Foods by 0.7% in the first quarter. State Street Corp now owns 78,063 shares of the company’s stock worth $845,000 after buying an additional 547 shares in the last quarter. Gabelli Funds LLC boosted its position in Lifeway Foods by 2.2% in the second quarter. Gabelli Funds LLC now owns 313,892 shares of the company’s stock valued at $3,035,000 after buying an additional 6,849 shares during the period. Renaissance Technologies LLC boosted its position in Lifeway Foods by 6.8% in the first quarter. Renaissance Technologies LLC now owns 129,100 shares of the company’s stock valued at $1,398,000 after buying an additional 8,200 shares during the period. Gamco Investors INC. ET AL boosted its position in Lifeway Foods by 1.5% in the second quarter. Gamco Investors INC. ET AL now owns 290,704 shares of the company’s stock valued at $2,811,000 after buying an additional 4,306 shares during the period. Finally, Geode Capital Management LLC boosted its position in Lifeway Foods by 1.7% in the first quarter. Geode Capital Management LLC now owns 33,233 shares of the company’s stock valued at $359,000 after buying an additional 563 shares during the period. 16.45% of the stock is owned by institutional investors and hedge funds.
Lifeway Foods (NASDAQ:LWAY) opened at 14.93 on Wednesday. The firm has a market capitalization of $240.97 million, a P/E ratio of 56.55 and a beta of 0.41. Lifeway Foods has a 12 month low of $8.68 and a 12 month high of $16.98. The company’s 50 day moving average price is $13.92 and its 200 day moving average price is $10.96.
Lifeway Foods (NASDAQ:LWAY) last announced its quarterly earnings data on Wednesday, August 17th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.09. Lifeway Foods had a net margin of 3.24% and a return on equity of 8.59%. The business earned $31.10 million during the quarter. Analysts anticipate that Lifeway Foods will post $0.38 EPS for the current year.
Lifeway Foods Company Profile
Lifeway Foods, Inc (Lifeway) is engaged in the manufacturing of probiotic, cultured, functional dairy health food products. The Company is engaged in the sale of fermented dairy products, which are produced and are sold to consumers through a network of distributors and retailers in the United States.
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