Lifeway Foods (NASDAQ:LWAY) PT Raised to $25.00 at Noble Financial

Lifeway Foods (NASDAQ:LWAY - Get Free Report) had its price target increased by research analysts at Noble Financial from $20.00 to $25.00 in a report released on Tuesday, Benzinga reports. The firm currently has an "outperform" rating on the stock. Noble Financial's price objective indicates a potential upside of 24.44% from the company's previous close.

Several other research analysts also recently weighed in on LWAY. StockNews.com upgraded Lifeway Foods from a "hold" rating to a "buy" rating in a research note on Saturday. Lake Street Capital lifted their price objective on shares of Lifeway Foods from $25.00 to $28.00 and gave the company a "buy" rating in a research report on Wednesday, May 15th.

Lifeway Foods Price Performance

Shares of LWAY traded up $0.91 during mid-day trading on Tuesday, reaching $20.09. 200,279 shares of the company's stock were exchanged, compared to its average volume of 147,931. The business's fifty day simple moving average is $14.21 and its 200-day simple moving average is $15.70. The stock has a market capitalization of $295.46 million, a PE ratio of 23.36 and a beta of 1.01. Lifeway Foods has a 52-week low of $9.06 and a 52-week high of $28.61.

Lifeway Foods (NASDAQ:LWAY - Get Free Report) last posted its quarterly earnings data on Tuesday, August 13th. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.08. Lifeway Foods had a net margin of 7.69% and a return on equity of 21.92%. The company had revenue of $49.16 million for the quarter, compared to analyst estimates of $46.50 million. During the same period in the previous year, the business posted $0.21 earnings per share. Equities research analysts predict that Lifeway Foods will post 0.99 earnings per share for the current year.

Insider Buying and Selling at Lifeway Foods

In related news, CFO Eric A. Hanson sold 5,546 shares of the company's stock in a transaction on Friday, August 16th. The stock was sold at an average price of $18.91, for a total transaction of $104,874.86. Following the transaction, the chief financial officer now owns 25,546 shares of the company's stock, valued at $483,074.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, VP Amy M. Feldman sold 12,948 shares of the company's stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $18.57, for a total value of $240,444.36. Following the sale, the vice president now owns 18,104 shares in the company, valued at approximately $336,191.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Eric A. Hanson sold 5,546 shares of the firm's stock in a transaction on Friday, August 16th. The shares were sold at an average price of $18.91, for a total value of $104,874.86. Following the completion of the transaction, the chief financial officer now owns 25,546 shares of the company's stock, valued at approximately $483,074.86. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,114 shares of company stock valued at $525,145. 31.77% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Lifeway Foods

Several hedge funds have recently bought and sold shares of the stock. Rhumbline Advisers increased its position in Lifeway Foods by 2,334.0% during the 2nd quarter. Rhumbline Advisers now owns 4,868 shares of the company's stock worth $62,000 after purchasing an additional 4,668 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Lifeway Foods during the second quarter worth about $82,000. Hillsdale Investment Management Inc. raised its position in shares of Lifeway Foods by 4.8% in the first quarter. Hillsdale Investment Management Inc. now owns 246,480 shares of the company's stock valued at $4,244,000 after buying an additional 11,383 shares during the last quarter. Navellier & Associates Inc. lifted its stake in shares of Lifeway Foods by 53.6% during the fourth quarter. Navellier & Associates Inc. now owns 37,181 shares of the company's stock valued at $499,000 after buying an additional 12,981 shares during the period. Finally, Bailard Inc. purchased a new position in shares of Lifeway Foods during the 2nd quarter worth $253,000. Hedge funds and other institutional investors own 36.39% of the company's stock.

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.