Lifeway Foods, Inc. (NASDAQ:LWAY) Director Jason Scott Scher Sells 16,366 Shares

Lifeway Foods, Inc. (NASDAQ:LWAY - Get Free Report) Director Jason Scott Scher sold 16,366 shares of the business's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $24.24, for a total value of $396,711.84. Following the sale, the director owned 1 shares of the company's stock, valued at approximately $24.24. This represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

• On Thursday, June 26th, Jason Scott Scher sold 8,200 shares of Lifeway Foods stock. The stock was sold at an average price of $24.22, for a total value of $198,604.00.

Lifeway Foods Stock Performance

LWAY stock traded up $0.63 on Wednesday, hitting $25.54. 37,524 shares of the company's stock were exchanged, compared to its average volume of 91,060. Lifeway Foods, Inc. has a 12-month low of $10.06 and a 12-month high of $27.29. The firm has a 50 day moving average price of $23.69 and a two-hundred day moving average price of $23.15. The stock has a market cap of $388.13 million, a P/E ratio of 38.42 and a beta of 0.75.

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

Institutional Trading of Lifeway Foods

Institutional investors have recently made changes to their positions in the company. Rhumbline Advisers raised its holdings in Lifeway Foods by 8.2% in the 1st quarter. Rhumbline Advisers now owns 6,068 shares of the company's stock valued at $148,000 after acquiring an additional 462 shares during the last quarter. Bank of Montreal Can purchased a new stake in Lifeway Foods in the fourth quarter valued at approximately $388,000. Beryl Capital Management LLC acquired a new position in Lifeway Foods during the 4th quarter worth about $3,607,000. Wells Fargo & Company MN lifted its position in shares of Lifeway Foods by 33.6% during the fourth quarter. Wells Fargo & Company MN now owns 2,855 shares of the company's stock worth $71,000 after purchasing an additional 718 shares in the last quarter. Finally, 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 valued at $2,132,000 after buying an additional 75,383 shares during the period. 36.39% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen started coverage on shares of Lifeway Foods in a research report on Saturday, May 17th. They set a "hold" rating for the company.

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.