Insider Selling: Lifeway Foods, Inc. (NASDAQ:LWAY) Major Shareholder Sells 4,584 Shares of Stock

Lifeway Foods, Inc. (NASDAQ:LWAY - Get Free Report) major shareholder Ludmila Smolyansky sold 4,584 shares of the business's stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $19.55, for a total transaction of $89,617.20. Following the transaction, the insider now directly owns 1,085,549 shares of the company's stock, valued at $21,222,482.95. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

Ludmila Smolyansky also recently made the following trade(s):

• On Thursday, August 29th, Ludmila Smolyansky sold 15,000 shares of Lifeway Foods stock. The shares were sold at an average price of $18.19, for a total transaction of $272,850.00.
• On Wednesday, July 24th, Ludmila Smolyansky sold 14,620 shares of Lifeway Foods stock. The shares were sold at an average price of $12.30, for a total transaction of $179,826.00.

Lifeway Foods Stock Performance

Shares of LWAY traded up $0.91 during mid-day trading on Tuesday, reaching $20.09. The stock had a trading volume of 200,279 shares, compared to its average volume of 147,931. The firm has a market cap of $295.46 million, a price-to-earnings ratio of 23.36 and a beta of 1.01. Lifeway Foods, Inc. has a 12 month low of $9.06 and a 12 month high of $28.61. The business has a fifty day moving average of $14.21 and a 200 day moving average of $15.70.

Lifeway Foods (NASDAQ:LWAY - Get Free Report) last issued its earnings results on Tuesday, August 13th. The company reported $0.25 earnings per share for the quarter, topping 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 firm had revenue of $49.16 million during the quarter, compared to analyst estimates of $46.50 million. During the same quarter in the prior year, the business earned $0.21 earnings per share. On average, research analysts forecast that Lifeway Foods, Inc. will post 0.99 EPS for the current fiscal year.

Analysts Set New Price Targets

LWAY has been the subject of several recent research reports. Lake Street Capital boosted their target price 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. StockNews.com upgraded shares of Lifeway Foods from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Noble Financial boosted their target price on shares of Lifeway Foods from $20.00 to $25.00 and gave the company an "outperform" rating in a research report on Tuesday.

Institutional Investors Weigh In On Lifeway Foods

A number of hedge funds have recently bought and sold shares of LWAY. Rhumbline Advisers raised its stake in shares of Lifeway Foods by 2,334.0% in the second quarter. Rhumbline Advisers now owns 4,868 shares of the company's stock valued at $62,000 after acquiring an additional 4,668 shares during the period. Quest Partners LLC purchased a new position in Lifeway Foods in the 2nd quarter worth about $82,000. Bailard Inc. purchased a new position in Lifeway Foods in the 2nd quarter worth about $253,000. Panagora Asset Management Inc. purchased a new position in Lifeway Foods in the 2nd quarter worth about $267,000. Finally, Jump Financial LLC bought a new position in Lifeway Foods during the 4th quarter worth about $303,000. Hedge funds and other institutional investors own 36.39% of the company's stock.

About Lifeway Foods

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.