Lifeway Foods Inc. (NASDAQ:LWAY) – Analysts at DA Davidson decreased their Q2 2017 earnings per share (EPS) estimates for shares of Lifeway Foods in a report issued on Thursday. DA Davidson analyst E. Gottlieb now anticipates that the firm will earn $0.09 per share for the quarter, down from their previous estimate of $0.12. DA Davidson currently has a “Buy” rating and a $17.00 target price on the stock. DA Davidson also issued estimates for Lifeway Foods’ Q3 2017 earnings at $0.10 EPS.

LWAY has been the subject of several other research reports. Zacks Investment Research lowered Lifeway Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, November 8th. TheStreet raised Lifeway Foods from a “hold” rating to a “buy” rating in a research report on Monday, September 19th.

Earnings History and Estimates for Lifeway Foods (NASDAQ:LWAY)

Lifeway Foods (NASDAQ:LWAY) opened at 12.96 on Monday. The stock has a market cap of $209.17 million, a PE ratio of 63.22 and a beta of 0.52. The firm has a 50-day moving average price of $16.47 and a 200 day moving average price of $12.28. Lifeway Foods has a 52-week low of $8.68 and a 52-week high of $18.48.

Lifeway Foods (NASDAQ:LWAY) last posted its quarterly earnings data on Wednesday, August 17th. The company reported $0.13 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.09. Lifeway Foods had a return on equity of 6.48% and a net margin of 2.45%. The business had revenue of $31.10 million for the quarter.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN raised its position in shares of Lifeway Foods by 125,700.0% in the third quarter. Wells Fargo & Company MN now owns 7,548 shares of the company’s stock valued at $127,000 after buying an additional 7,542 shares in the last quarter. Teachers Advisors LLC raised its position in shares of Lifeway Foods by 83.9% in the third quarter. Teachers Advisors LLC now owns 14,964 shares of the company’s stock valued at $253,000 after buying an additional 6,828 shares in the last quarter. Globeflex Capital L P purchased a new position in shares of Lifeway Foods during the third quarter valued at about $254,000. Cadence Capital Management LLC raised its position in shares of Lifeway Foods by 2.0% in the second quarter. Cadence Capital Management LLC now owns 84,922 shares of the company’s stock valued at $821,000 after buying an additional 1,688 shares in the last quarter. Finally, Zacks Investment Management purchased a new position in shares of Lifeway Foods during the third quarter valued at about $1,215,000. 16.67% of the stock is 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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