StockNews.com initiated coverage on shares of Lifeway Foods (NASDAQ:LWAY – Free Report) in a research note published on Friday morning. The brokerage issued a hold rating on the stock.
Lifeway Foods Stock Performance
Shares of LWAY opened at $20.06 on Friday. The firm has a market cap of $297.21 million, a PE ratio of 23.33 and a beta of 1.00. The firm’s 50 day moving average price is $22.09 and its 200 day moving average price is $23.46. Lifeway Foods has a twelve month low of $10.06 and a twelve month high of $28.61.
Lifeway Foods (NASDAQ:LWAY – Get Free Report) last announced its quarterly earnings results on Friday, March 14th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.18 by ($0.19). Lifeway Foods had a net margin of 7.23% and a return on equity of 19.97%. The company had revenue of $46.93 million for the quarter, compared to analyst estimates of $48.00 million.
Insider Buying and Selling at Lifeway Foods
Hedge Funds Weigh In On Lifeway Foods
Several hedge funds and other institutional investors have recently added to or reduced their stakes in LWAY. Beryl Capital Management LLC acquired a new stake in shares of Lifeway Foods in the fourth quarter worth $3,607,000. TIG Advisors LLC acquired a new stake in shares of Lifeway Foods in the fourth quarter worth $3,512,000. Divisadero Street Capital Management LP acquired a new stake in shares of Lifeway Foods in the fourth quarter worth $2,925,000. JPMorgan Chase & Co. grew its stake in shares of Lifeway Foods by 712.8% in the fourth quarter. JPMorgan Chase & Co. now owns 85,959 shares of the company’s stock worth $2,132,000 after acquiring an additional 75,383 shares during the last quarter. Finally, Slotnik Capital LLC acquired a new stake in shares of Lifeway Foods in the fourth quarter worth $1,314,000. Institutional investors and hedge funds own 36.39% of the company’s stock.
About Lifeway Foods
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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