Zacks Investment Research Upgrades Lifeway Foods (LWAY) to “Hold”

Zacks Investment Research upgraded shares of Lifeway Foods (NASDAQ:LWAY) from a sell rating to a hold rating in a research report sent to investors on Wednesday, January 3rd.

According to Zacks, “LIFEWAY FOODS, INC. produces Kefir, a drinkable product similar to, but distinct from yogurt, in several flavors sold under the name Lifeway’s Kefir. “

Separately, ValuEngine downgraded Lifeway Foods from a hold rating to a sell rating in a research report on Sunday, December 31st.

Shares of Lifeway Foods (NASDAQ LWAY) opened at $8.18 on Wednesday. The company has a quick ratio of 1.46, a current ratio of 2.06 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $132.37, a price-to-earnings ratio of 68.17 and a beta of 0.67. Lifeway Foods has a 1-year low of $7.20 and a 1-year high of $12.09.

Lifeway Foods (NASDAQ:LWAY) last posted its earnings results on Tuesday, November 14th. The company reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.04 by ($0.02). Lifeway Foods had a return on equity of 3.90% and a net margin of 1.55%. sell-side analysts expect that Lifeway Foods will post 0.08 EPS for the current fiscal year.

In related news, Director Ludmila Smolyansky sold 15,209 shares of Lifeway Foods stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $8.27, for a total transaction of $125,778.43. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 19,530 shares of company stock worth $161,435. 50.00% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Algert Global LLC bought a new position in Lifeway Foods in the 3rd quarter worth approximately $481,000. Northern Trust Corp raised its position in Lifeway Foods by 1.3% in the 2nd quarter. Northern Trust Corp now owns 62,380 shares of the company’s stock worth $582,000 after purchasing an additional 819 shares during the last quarter. State Street Corp raised its position in Lifeway Foods by 5.1% in the 2nd quarter. State Street Corp now owns 86,730 shares of the company’s stock worth $811,000 after purchasing an additional 4,203 shares during the last quarter. Vanguard Group Inc. raised its position in Lifeway Foods by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 231,997 shares of the company’s stock worth $2,166,000 after purchasing an additional 3,052 shares during the last quarter. Finally, FMR LLC raised its position in Lifeway Foods by 0.9% in the 2nd quarter. FMR LLC now owns 279,939 shares of the company’s stock worth $2,615,000 after purchasing an additional 2,513 shares during the last quarter. Hedge funds and other institutional investors own 16.47% of the company’s stock.

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About Lifeway Foods

Lifeway Foods, Inc (Lifeway) is engaged in the manufacturing of probiotic, cultured, functional dairy health food products. The Company is engaged in the sale of fermented dairy products, which are produced and are sold to consumers through a network of distributors and retailers in the United States.

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