DA Davidson Increases Lifeway Foods Inc. (LWAY) Price Target to $17.00
Lifeway Foods Inc. (NASDAQ:LWAY) had its price objective hoisted by DA Davidson from $13.00 to $17.00 in a research report sent to investors on Friday. The brokerage currently has a buy rating on the stock.
Separately, Zacks Investment Research raised shares of Lifeway Foods from a sell rating to a hold rating in a research report on Wednesday, August 3rd.
Shares of Lifeway Foods (NASDAQ:LWAY) opened at 15.76 on Friday. Lifeway Foods has a 12-month low of $8.68 and a 12-month high of $16.60. The stock has a 50 day moving average of $12.10 and a 200 day moving average of $10.58. The company has a market cap of $254.37 million, a price-to-earnings ratio of 59.70 and a beta of 0.44.
Lifeway Foods (NASDAQ:LWAY) last released its quarterly earnings data on Wednesday, August 17th. The company reported $0.13 EPS for the quarter, topping 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 firm earned $31.10 million during the quarter. On average, equities analysts expect that Lifeway Foods will post $0.38 earnings per share for the current fiscal year.
Large investors have recently bought and sold shares of the company. State Street Corp increased its stake 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 in the last quarter. Gabelli Funds LLC increased its stake in Lifeway Foods by 2.2% in the second quarter. Gabelli Funds LLC now owns 313,892 shares of the company’s stock worth $3,035,000 after buying an additional 6,849 shares in the last quarter. Renaissance Technologies LLC increased its stake in Lifeway Foods by 6.8% in the first quarter. Renaissance Technologies LLC now owns 129,100 shares of the company’s stock worth $1,398,000 after buying an additional 8,200 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in Lifeway Foods by 1.5% in the second quarter. Gamco Investors INC. ET AL now owns 290,704 shares of the company’s stock worth $2,811,000 after buying an additional 4,306 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake 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 in the last quarter. 16.45% of the stock is owned by institutional investors.
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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