Lifeway Foods Inc. (NASDAQ:LWAY) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

According to Zacks, “LIFEWAY FOODS, INC. produces Kefir, a drinkable product similar to, but distinct from yogurt, in several flavors sold under the name Lifeway’s Kefir. “

Several other research analysts have also recently issued reports on the stock. TheStreet raised shares of Lifeway Foods from a “hold” rating to a “buy” rating in a report on Monday, September 19th. DA Davidson increased their price target on shares of Lifeway Foods from $13.00 to $17.00 and gave the stock a “buy” rating in a report on Friday, September 16th.

Lifeway Foods (NASDAQ:LWAY) opened at 12.47 on Tuesday. The stock has a market capitalization of $201.27 million, a price-to-earnings ratio of 60.83 and a beta of 0.52. The firm has a 50-day moving average of $16.38 and a 200-day moving average of $12.28. Lifeway Foods has a 1-year low of $8.68 and a 1-year high of $18.48.

Lifeway Foods (NASDAQ:LWAY) last posted its quarterly earnings results on Wednesday, August 17th. The company reported $0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.09. The firm earned $31.10 million during the quarter. Lifeway Foods had a net margin of 2.45% and a return on equity of 6.48%. Equities research analysts anticipate that Lifeway Foods will post $0.31 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Zacks Investment Management purchased a new position in Lifeway Foods during the third quarter valued at about $1,215,000. Globeflex Capital L P purchased a new position in Lifeway Foods during the third quarter valued at about $254,000. Teachers Advisors LLC boosted its position in 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. Granite Investment Partners LLC boosted its position in Lifeway Foods by 7.4% in the third quarter. Granite Investment Partners LLC now owns 178,207 shares of the company’s stock valued at $3,019,000 after buying an additional 12,221 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its position in 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. 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

Receive News & Stock Ratings for Lifeway Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lifeway Foods Inc. and related stocks with our FREE daily email newsletter.