Lifeway Foods Inc. (NASDAQ:LWAY) was upgraded by equities research analysts at TheStreet from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Other equities research analysts also recently issued reports about the stock. Zacks Investment Research raised shares of Lifeway Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, August 3rd. DA Davidson increased their price objective on shares of Lifeway Foods from $13.00 to $17.00 and gave the company a “buy” rating in a research report on Friday.

Shares of Lifeway Foods (NASDAQ:LWAY) traded up 0.51% during mid-day trading on Monday, hitting $15.88. The stock had a trading volume of 18,569 shares. The firm has a 50 day moving average price of $11.93 and a 200 day moving average price of $10.54. The firm has a market cap of $256.30 million, a PE ratio of 60.15 and a beta of 0.44. Lifeway Foods has a 52-week low of $8.68 and a 52-week high of $16.60.

Lifeway Foods (NASDAQ:LWAY) last announced its quarterly earnings data on Wednesday, August 17th. The company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.09. Lifeway Foods had a net margin of 3.24% and a return on equity of 8.59%. The company had revenue of $31.10 million for the quarter. Equities analysts predict that Lifeway Foods will post $0.38 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp increased its position in Lifeway Foods by 0.7% in the first quarter. State Street Corp now owns 78,063 shares of the company’s stock worth $845,000 after buying an additional 547 shares during the period. Geode Capital Management LLC increased its position in Lifeway Foods by 1.7% in the first quarter. Geode Capital Management LLC now owns 33,233 shares of the company’s stock worth $359,000 after buying an additional 563 shares during the period. Cadence Capital Management LLC increased its position in Lifeway Foods by 2.0% in the second quarter. Cadence Capital Management LLC now owns 84,922 shares of the company’s stock worth $821,000 after buying an additional 1,688 shares during the period. Teton Advisors Inc. increased its position in Lifeway Foods by 2.0% in the second quarter. Teton Advisors Inc. now owns 176,308 shares of the company’s stock worth $1,705,000 after buying an additional 3,500 shares during the period. Finally, TIAA CREF Investment Management LLC increased its position in Lifeway Foods by 23.2% in the first quarter. TIAA CREF Investment Management LLC now owns 22,225 shares of the company’s stock worth $241,000 after buying an additional 4,190 shares during the period. 16.45% of the stock is currently owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:LWAY

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