Slotnik Capital LLC Acquires 43,746 Shares of Lifeway Foods, Inc. $LWAY

Key Points

• Slotnik Capital LLC increased its stake in Lifeway Foods, Inc. by 82.5%, acquiring an additional 43,746 shares and now holding a total of 96,746 shares.
• In the first quarter, several institutional investors, including TIG Advisors and Beryl Capital Management, significantly boosted their positions in Lifeway Foods, reflecting increased interest in the company.
• Lifeway Foods recently reported earnings per share of $0.28, exceeding analysts' expectations, with a consensus rating of "Moderate Buy" and an average target price of $33.00.

Slotnik Capital LLC raised its position in Lifeway Foods, Inc. (NASDAQ:LWAY - Free Report) by 82.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,746 shares of the company's stock after acquiring an additional 43,746 shares during the period. Lifeway Foods comprises approximately 1.1% of Slotnik Capital LLC's holdings, making the stock its 15th largest holding. Slotnik Capital LLC owned 0.64% of Lifeway Foods worth $2,365,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. TIG Advisors LLC grew its stake in shares of Lifeway Foods by 55.9% in the 1st quarter. TIG Advisors LLC now owns 220,817 shares of the company's stock valued at $5,399,000 after purchasing an additional 79,218 shares during the period. Beryl Capital Management LLC grew its stake in shares of Lifeway Foods by 33.3% in the 1st quarter. Beryl Capital Management LLC now owns 193,888 shares of the company's stock valued at $4,741,000 after purchasing an additional 48,439 shares during the period. Gamco Investors INC. ET AL grew its stake in shares of Lifeway Foods by 19.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 143,550 shares of the company's stock valued at $3,510,000 after purchasing an additional 23,200 shares during the period. Towerview LLC grew its stake in shares of Lifeway Foods by 107.1% in the 1st quarter. Towerview LLC now owns 72,500 shares of the company's stock valued at $1,773,000 after purchasing an additional 37,500 shares during the period. Finally, Gabelli Funds LLC grew its stake in shares of Lifeway Foods by 297.4% in the 1st quarter. Gabelli Funds LLC now owns 64,656 shares of the company's stock valued at $1,581,000 after purchasing an additional 48,388 shares during the period. 36.39% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

LWAY has been the topic of a number of research analyst reports. Lake Street Capital increased their price target on Lifeway Foods from $30.00 to $33.00 and gave the stock a "buy" rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded Lifeway Foods from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $33.00.

Lifeway Foods Price Performance

Shares of LWAY stock traded up $0.65 during trading hours on Friday, reaching $33.42. The company had a trading volume of 111,939 shares, compared to its average volume of 62,139. The company has a 50 day moving average of $28.25 and a 200 day moving average of $25.09. The firm has a market cap of $508.99 million, a price-to-earnings ratio of 48.44 and a beta of 0.46. Lifeway Foods, Inc. has a 1-year low of $19.50 and a 1-year high of $33.55.

Lifeway Foods (NASDAQ:LWAY - Get Free Report) last released its earnings results on Tuesday, August 12th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.10. The firm had revenue of $53.90 million during the quarter, compared to analysts' expectations of $54.00 million. Lifeway Foods had a return on equity of 14.32% and a net margin of 5.49%.

Insider Buying and Selling at Lifeway Foods

In other news, Director Jason Scott Scher sold 16,366 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $24.24, for a total value of $396,711.84. Following the completion of the transaction, the director owned 1 shares in the company, valued at $24.24. This trade represents a 99.99% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 18.86% of the stock is owned by insiders.

Lifeway Foods 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.