Lifeway Foods (NASDAQ:LWAY) Major Shareholder Sells $131,600.00 in Stock

Key Points

• Ludmila Smolyansky, a major shareholder of Lifeway Foods, sold 5,000 shares at $26.32 each, amounting to a total of $131,600, reducing her ownership by 0.59%.
• Lifeway Foods' stock price is currently at $26.58, representing a 0.5% decrease, with a market cap of $404.81 million and a P/E ratio of 38.52.
• Analysts have given Lifeway Foods a consensus rating of "Moderate Buy" with a target price of $33.00, indicating potential upside from current levels.

Lifeway Foods, Inc. (NASDAQ:LWAY - Get Free Report) major shareholder Ludmila Smolyansky sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $26.32, for a total transaction of $131,600.00. Following the completion of the transaction, the insider directly owned 842,823 shares in the company, valued at approximately $22,183,101.36. The trade was a 0.59% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own 10% or more of a company's stock are required to disclose their transactions with the SEC.

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

• On Wednesday, October 8th, Ludmila Smolyansky sold 10,000 shares of Lifeway Foods stock. The stock was sold at an average price of $26.44, for a total transaction of $264,400.00.

Lifeway Foods Stock Down 0.5%

NASDAQ:LWAY traded down $0.14 during trading hours on Thursday, hitting $26.58. 45,437 shares of the stock traded hands, compared to its average volume of 219,861. Lifeway Foods, Inc. has a 1 year low of $19.50 and a 1 year high of $34.20. The company has a market cap of $404.81 million, a price-to-earnings ratio of 38.52 and a beta of 0.46. The stock has a 50 day moving average price of $29.19 and a 200 day moving average price of $25.86.

Lifeway Foods (NASDAQ:LWAY - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.10. Lifeway Foods had a net margin of 5.49% and a return on equity of 14.32%. The business had revenue of $53.90 million for the quarter, compared to the consensus estimate of $54.00 million.

Institutional Investors Weigh In On Lifeway Foods

Large investors have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its position in Lifeway Foods by 577.3% in the second quarter. BNP Paribas Financial Markets now owns 1,551 shares of the company's stock worth $38,000 after purchasing an additional 1,322 shares during the last quarter. Raymond James Financial Inc. bought a new stake in Lifeway Foods in the second quarter worth $40,000. Central Pacific Bank Trust Division bought a new stake in Lifeway Foods in the second quarter worth $49,000. Byrne Asset Management LLC bought a new stake in Lifeway Foods in the second quarter worth $53,000. Finally, Deutsche Bank AG bought a new position in Lifeway Foods during the first quarter valued at $78,000. Institutional investors own 36.39% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on LWAY shares. Wall Street Zen raised shares of Lifeway Foods from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Lake Street Capital boosted their target price on shares of Lifeway Foods from $30.00 to $33.00 and gave the stock a "buy" rating in a report on Wednesday, August 13th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of Lifeway Foods in a report on Wednesday. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.00.

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.

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