Lifeway Foods (NASDAQ:LWAY) Reaches New 52-Week High - What's Next?

Key Points

• Lifeway Foods' stock reached a new 52-week high of $32.94, reflecting strong trading activity and a last traded price of $32.76.
• Several analysts have upgraded their ratings on Lifeway Foods, with Lake Street Capital raising the target price to $33.00, indicating a positive outlook for the stock.
• Lifeway Foods reported earnings of $0.28 per share in its latest quarterly results, surpassing analyst expectations and reaffirming its moderate buy rating among investors.

Shares of Lifeway Foods, Inc. (NASDAQ:LWAY - Get Free Report) reached a new 52-week high on Thursday . The stock traded as high as $32.94 and last traded at $32.76, with a volume of 33248 shares. The stock had previously closed at $32.28.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on LWAY shares. Lake Street Capital increased their target price on Lifeway Foods from $30.00 to $33.00 and gave the company 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 investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Lifeway Foods has an average rating of "Moderate Buy" and an average price target of $33.00.

Lifeway Foods Stock Performance

The company has a fifty day moving average of $27.96 and a two-hundred day moving average of $24.90. The company has a market cap of $499.09 million, a PE ratio of 47.49 and a beta of 0.46.

Lifeway Foods (NASDAQ:LWAY - Get Free Report) last released 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 return on equity of 14.32% and a net margin of 5.49%.The company had revenue of $53.90 million for the quarter, compared to analyst estimates of $54.00 million.

Insiders Place Their Bets

In other Lifeway Foods news, Director Jason Scott Scher sold 16,366 shares of the 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 sale, the director owned 1 shares in the company, valued at $24.24. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 18.86% of the stock is currently owned by insiders.

Institutional Trading of Lifeway Foods

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. TIG Advisors LLC increased its stake in Lifeway Foods by 55.9% in the first quarter. TIG Advisors LLC now owns 220,817 shares of the company's stock worth $5,399,000 after purchasing an additional 79,218 shares during the period. Beryl Capital Management LLC increased its stake in Lifeway Foods by 33.3% in the first quarter. Beryl Capital Management LLC now owns 193,888 shares of the company's stock worth $4,741,000 after purchasing an additional 48,439 shares during the period. Gamco Investors INC. ET AL increased its stake in Lifeway Foods by 4.2% in the second quarter. Gamco Investors INC. ET AL now owns 149,550 shares of the company's stock worth $3,686,000 after purchasing an additional 6,000 shares during the period. Geode Capital Management LLC grew its position in shares of Lifeway Foods by 6.6% during the 2nd quarter. Geode Capital Management LLC now owns 124,726 shares of the company's stock worth $3,075,000 after buying an additional 7,718 shares in the last quarter. Finally, Gabelli Funds LLC grew its position in shares of Lifeway Foods by 52.6% during the 2nd quarter. Gabelli Funds LLC now owns 98,644 shares of the company's stock worth $2,432,000 after buying an additional 33,988 shares in the last quarter. Hedge funds and other institutional investors own 36.39% of the company's stock.

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.

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