Lifeway Foods, Inc. (NASDAQ:LWAY) Director Jason Scott Scher Sells 8,200 Shares

Lifeway Foods, Inc. (NASDAQ:LWAY - Get Free Report) Director Jason Scott Scher sold 8,200 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $24.22, for a total transaction of $198,604.00. Following the sale, the director directly owned 16,367 shares in the company, valued at approximately $396,408.74. This represents a 33.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Jason Scott Scher also recently made the following trade(s):

• On Friday, June 27th, Jason Scott Scher sold 16,366 shares of Lifeway Foods stock. The stock was sold at an average price of $24.24, for a total transaction of $396,711.84.

Lifeway Foods Stock Up 0.1%

Shares of Lifeway Foods stock traded up $0.03 on Thursday, reaching $25.98. 48,401 shares of the stock were exchanged, compared to its average volume of 90,616. The business has a 50 day moving average price of $23.74 and a two-hundred day moving average price of $23.17. The firm has a market capitalization of $394.82 million, a price-to-earnings ratio of 39.36 and a beta of 0.75. Lifeway Foods, Inc. has a twelve month low of $10.06 and a twelve month high of $27.29.

Lifeway Foods (NASDAQ:LWAY - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.04. The firm had revenue of $46.09 million for the quarter, compared to analyst estimates of $48.50 million. Lifeway Foods had a net margin of 5.39% and a return on equity of 14.20%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen assumed coverage on Lifeway Foods in a research note on Saturday, May 17th. They issued a "hold" rating for the company.

Institutional Investors Weigh In On Lifeway Foods

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rhumbline Advisers boosted its stake in shares of Lifeway Foods by 23.3% in the fourth quarter. Rhumbline Advisers now owns 5,606 shares of the company's stock worth $139,000 after buying an additional 1,059 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in Lifeway Foods by 1.6% in the fourth quarter. Bank of New York Mellon Corp now owns 55,841 shares of the company's stock valued at $1,385,000 after acquiring an additional 868 shares during the period. American Century Companies Inc. lifted its holdings in Lifeway Foods by 27.7% in the fourth quarter. American Century Companies Inc. now owns 69,302 shares of the company's stock valued at $1,719,000 after acquiring an additional 15,046 shares during the period. JPMorgan Chase & Co. boosted its position in Lifeway Foods by 712.8% in the 4th quarter. JPMorgan Chase & Co. now owns 85,959 shares of the company's stock worth $2,132,000 after purchasing an additional 75,383 shares in the last quarter. Finally, Slotnik Capital LLC acquired a new stake in shares of Lifeway Foods during the 4th quarter worth approximately $1,314,000. 36.39% of the stock is owned by institutional investors and hedge funds.

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.