Lifeway Foods, Inc. (NASDAQ:LWAY - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.63 and traded as high as $27.95. Lifeway Foods shares last traded at $27.75, with a volume of 24,439 shares changing hands.
Analyst Ratings Changes
Separately, Wall Street Zen upgraded Lifeway Foods to a "hold" rating in a research note on Saturday, July 12th.
Check Out Our Latest Report on LWAY
Lifeway Foods Price Performance
The business's 50 day moving average is $25.30 and its 200 day moving average is $23.67. The stock has a market cap of $448.40 million, a price-to-earnings ratio of 44.70 and a beta of 0.69.
Lifeway Foods (NASDAQ:LWAY - Get Free Report) last posted its earnings results on Tuesday, August 12th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.10. The firm had revenue of $53.90 million during the quarter, compared to analysts' expectations of $54.00 million. Lifeway Foods had a return on equity of 14.20% and a net margin of 5.39%.
Insider Buying and Selling
In related news, CEO Julie Smolyansky sold 50,000 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $22.07, for a total transaction of $1,103,500.00. Following the completion of the sale, the chief executive officer owned 2,132,483 shares in the company, valued at $47,063,899.81. The trade was a 2.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jason Scott Scher sold 16,366 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at approximately $24.24. The trade was a 99.99% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 78,566 shares of company stock worth $1,788,672 over the last 90 days. 18.86% of the stock is owned by insiders.
Institutional Investors Weigh In On Lifeway Foods
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rhumbline Advisers lifted its stake in Lifeway Foods by 8.2% in the first quarter. Rhumbline Advisers now owns 6,068 shares of the company's stock valued at $148,000 after buying an additional 462 shares during the last quarter. Algert Global LLC lifted its stake in Lifeway Foods by 8.1% in the fourth quarter. Algert Global LLC now owns 9,076 shares of the company's stock valued at $225,000 after buying an additional 680 shares during the last quarter. Barclays PLC lifted its stake in Lifeway Foods by 11.0% in the fourth quarter. Barclays PLC now owns 7,127 shares of the company's stock valued at $176,000 after buying an additional 707 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Lifeway Foods by 33.6% in the fourth quarter. Wells Fargo & Company MN now owns 2,855 shares of the company's stock valued at $71,000 after buying an additional 718 shares during the last quarter. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Lifeway Foods by 0.9% in the fourth quarter. Gamco Investors INC. ET AL now owns 120,350 shares of the company's stock valued at $2,985,000 after buying an additional 1,050 shares during the last quarter. Hedge funds and other institutional investors own 36.39% of the company's stock.
Lifeway Foods Company Profile
(
Get Free Report)
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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