Lifeway Foods, Inc. (NASDAQ:LWAY) VP Sells $240,444.36 in Stock

Lifeway Foods, Inc. (NASDAQ:LWAY - Get Free Report) VP Amy M. Feldman sold 12,948 shares of the company's stock in a transaction dated Friday, August 16th. The stock was sold at an average price of $18.57, for a total value of $240,444.36. Following the completion of the transaction, the vice president now owns 18,104 shares of the company's stock, valued at $336,191.28. The transaction was disclosed in a filing with the SEC, which is available at this link.

Lifeway Foods Trading Down 3.9 %

LWAY traded down $0.77 during midday trading on Tuesday, reaching $19.03. 237,414 shares of the company's stock traded hands, compared to its average volume of 150,038. The firm has a fifty day moving average of $12.81 and a two-hundred day moving average of $15.13. The stock has a market capitalization of $279.87 million, a price-to-earnings ratio of 21.79 and a beta of 1.01. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.53 and a quick ratio of 1.98. Lifeway Foods, Inc. has a 52 week low of $8.40 and a 52 week high of $28.61.

Lifeway Foods (NASDAQ:LWAY - Get Free Report) last released its quarterly earnings results on Tuesday, August 13th. The company reported $0.25 EPS for the quarter, beating analysts' consensus estimates of $0.17 by $0.08. The business had revenue of $49.16 million during the quarter, compared to analyst estimates of $46.50 million. Lifeway Foods had a return on equity of 22.34% and a net margin of 7.77%. During the same quarter in the prior year, the company posted $0.21 EPS. On average, equities analysts anticipate that Lifeway Foods, Inc. will post 0.8 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rhumbline Advisers grew its stake in shares of Lifeway Foods by 2,334.0% in the 2nd quarter. Rhumbline Advisers now owns 4,868 shares of the company's stock worth $62,000 after buying an additional 4,668 shares during the last quarter. Quest Partners LLC purchased a new stake in shares of Lifeway Foods in the 2nd quarter worth approximately $82,000. Bailard Inc. purchased a new stake in shares of Lifeway Foods in the 4th quarter worth approximately $187,000. Panagora Asset Management Inc. purchased a new stake in shares of Lifeway Foods in the 2nd quarter worth approximately $267,000. Finally, Jump Financial LLC purchased a new stake in shares of Lifeway Foods in the 4th quarter worth approximately $303,000. Institutional investors own 36.39% of the company's stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on LWAY. StockNews.com cut Lifeway Foods from a "buy" rating to a "hold" rating in a report on Tuesday, August 13th. Lake Street Capital increased their target price on Lifeway Foods from $25.00 to $28.00 and gave the company a "buy" rating in a report on Wednesday, May 15th. Finally, Noble Financial upgraded Lifeway Foods from a "market perform" rating to an "outperform" rating and set a $20.00 target price for the company in a report on Thursday, May 30th.

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.