Lifeway Foods, Inc. (NASDAQ:LWAY) Director Sells $396,711.84 in Stock

Lifeway Foods, Inc. (NASDAQ:LWAY - Get Free Report) Director Jason Scott Scher sold 16,366 shares of the firm's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $24.24, for a total value of $396,711.84. Following the transaction, the director directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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 shares were sold at an average price of $24.22, for a total value of $198,604.00.

Lifeway Foods Stock Up 0.1%

LWAY traded up $0.03 during trading on Thursday, reaching $25.98. 48,401 shares of the stock traded hands, compared to its average volume of 90,616. The stock has a market capitalization of $394.82 million, a PE ratio of 39.36 and a beta of 0.75. The stock's 50-day moving average is $23.74 and its 200 day moving average is $23.17. Lifeway Foods, Inc. has a 12 month low of $10.06 and a 12 month high of $27.29.

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

Institutional Investors Weigh In On Lifeway Foods

Hedge funds have recently added to or reduced their stakes in the business. Central Pacific Bank Trust Division acquired a new stake in shares of Lifeway Foods during the 2nd quarter worth approximately $49,000. Wells Fargo & Company MN boosted its stake in 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 acquiring an additional 718 shares in the last quarter. Deutsche Bank AG acquired a new stake in Lifeway Foods in the first quarter worth $78,000. Strs Ohio acquired a new stake in Lifeway Foods in the first quarter worth $90,000. Finally, Rhumbline Advisers increased its stake in Lifeway Foods by 23.3% in the fourth quarter. Rhumbline Advisers now owns 5,606 shares of the company's stock valued at $139,000 after purchasing an additional 1,059 shares in the last quarter. 36.39% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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.