Shares of Lifeway Foods, Inc. (NASDAQ:LWAY) have been given a consensus broker rating score of 2.00 (Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a buy rating.
Brokers have set a twelve-month consensus target price of $11.00 for the company and are forecasting that the company will post $0.05 earnings per share for the current quarter, according to Zacks. Zacks has also given Lifeway Foods an industry rank of 250 out of 265 based on the ratings given to related companies.
LWAY has been the subject of several recent analyst reports. ValuEngine downgraded Lifeway Foods from a “hold” rating to a “sell” rating in a research note on Sunday, December 31st. Zacks Investment Research upgraded Lifeway Foods from a “sell” rating to a “hold” rating in a research note on Wednesday, January 3rd.
NASDAQ:LWAY traded down $0.29 during mid-day trading on Friday, hitting $5.77. 14,280 shares of the company’s stock traded hands, compared to its average volume of 14,457. Lifeway Foods has a 12 month low of $5.76 and a 12 month high of $10.75. The company has a market cap of $91.61, a price-to-earnings ratio of -288.50 and a beta of 0.59. The company has a quick ratio of 1.46, a current ratio of 2.06 and a debt-to-equity ratio of 0.07.
Lifeway Foods (NASDAQ:LWAY) last announced its earnings results on Friday, March 30th. The company reported ($0.11) earnings per share for the quarter. Lifeway Foods had a net margin of 1.55% and a return on equity of 3.90%. The business had revenue of $26.26 million for the quarter, compared to the consensus estimate of $28.80 million. analysts anticipate that Lifeway Foods will post 0.2 EPS for the current year.
A number of institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in Lifeway Foods by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 364,548 shares of the company’s stock valued at $3,244,000 after acquiring an additional 18,000 shares in the last quarter. Vanguard Group Inc. raised its holdings in Lifeway Foods by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 231,997 shares of the company’s stock valued at $2,166,000 after acquiring an additional 3,052 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Lifeway Foods by 5.3% in the 4th quarter. Renaissance Technologies LLC now owns 175,800 shares of the company’s stock valued at $1,406,000 after acquiring an additional 8,900 shares in the last quarter. State Street Corp raised its holdings in Lifeway Foods by 5.1% in the 2nd quarter. State Street Corp now owns 86,730 shares of the company’s stock valued at $811,000 after acquiring an additional 4,203 shares in the last quarter. Finally, Northern Trust Corp raised its holdings in Lifeway Foods by 1.3% in the 2nd quarter. Northern Trust Corp now owns 62,380 shares of the company’s stock valued at $582,000 after acquiring an additional 819 shares in the last quarter. 16.19% of the stock is owned by hedge funds and other institutional investors.
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Lifeway Foods Company Profile
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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