Lifeway Foods, Inc. (NASDAQ:LWAY) – Research analysts at Taglich Brothers raised their Q3 2017 EPS estimates for shares of Lifeway Foods in a note issued to investors on Tuesday. Taglich Brothers analyst H. Halpern now anticipates that the company will post earnings per share of $0.04 for the quarter, up from their prior forecast of $0.02. Taglich Brothers also issued estimates for Lifeway Foods’ FY2017 earnings at $0.14 EPS, Q2 2018 earnings at $0.07 EPS and FY2018 earnings at $0.20 EPS.

Separately, Zacks Investment Research upgraded shares of Lifeway Foods from a “strong sell” rating to a “hold” rating in a research note on Thursday, July 27th.

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Shares of Lifeway Foods (NASDAQ LWAY) opened at 8.15 on Thursday. The company has a 50-day moving average of $9.10 and a 200-day moving average of $9.77. Lifeway Foods has a 1-year low of $8.12 and a 1-year high of $18.48. The company has a market cap of $130.95 million, a PE ratio of 83.16 and a beta of 0.64.

Lifeway Foods announced that its Board of Directors has initiated a stock repurchase plan on Monday, June 26th that authorizes the company to buyback $6.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 4% of its shares through a tender offer. Shares buyback plans are generally a sign that the company’s management believes its stock is undervalued.

Institutional investors have recently made changes to their positions in the stock. TFS Capital LLC bought a new stake in shares of Lifeway Foods during the 1st quarter valued at approximately $153,000. Financial & Investment Management Group Ltd. bought a new stake in shares of Lifeway Foods during the 2nd quarter valued at approximately $145,000. TIAA CREF Investment Management LLC grew its holdings in shares of Lifeway Foods by 12.1% during the 1st quarter. TIAA CREF Investment Management LLC now owns 17,263 shares of the company’s stock valued at $185,000 after purchasing an additional 1,859 shares during the last quarter. Kennedy Capital Management Inc. grew its holdings in shares of Lifeway Foods by 85.4% during the 1st quarter. Kennedy Capital Management Inc. now owns 30,541 shares of the company’s stock valued at $328,000 after purchasing an additional 14,068 shares during the last quarter. Finally, Cadence Capital Management LLC grew its holdings in shares of Lifeway Foods by 4.4% during the 1st quarter. Cadence Capital Management LLC now owns 57,862 shares of the company’s stock valued at $621,000 after purchasing an additional 2,448 shares during the last quarter. 16.61% of the stock is currently owned by 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.

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

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