Lifeway Foods Inc. (NASDAQ:LWAY) was upgraded by investment analysts at TheStreet from a “hold” rating to a “buy” rating in a report issued on Monday.

A number of other research firms have also issued reports on LWAY. Zacks Investment Research upgraded Lifeway Foods from a “hold” rating to a “strong-buy” rating and set a $12.00 target price for the company in a research note on Friday, August 19th. DA Davidson restated a “buy” rating and set a $13.00 price objective on shares of Lifeway Foods in a research note on Friday, August 19th.

Lifeway Foods (NASDAQ:LWAY) traded up 0.51% during midday trading on Monday, reaching $15.88. The company had a trading volume of 18,569 shares. Lifeway Foods has a 12 month low of $8.68 and a 12 month high of $16.60. The firm’s 50-day moving average price is $11.93 and its 200 day moving average price is $10.54. The firm has a market capitalization of $256.30 million, a PE ratio of 60.15 and a beta of 0.44.

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Lifeway Foods (NASDAQ:LWAY) last released its quarterly earnings data on Wednesday, August 17th. The company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.09. The company had revenue of $31.10 million for the quarter. Lifeway Foods had a return on equity of 8.59% and a net margin of 3.24%. Equities analysts anticipate that Lifeway Foods will post $0.38 earnings per share for the current fiscal year.

Hedge funds have recently made changes to their positions in the stock. Granite Investment Partners LLC increased its stake in Lifeway Foods by 61.7% in the first quarter. Granite Investment Partners LLC now owns 155,844 shares of the company’s stock worth $1,688,000 after buying an additional 59,452 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in shares of Lifeway Foods by 23.2% in the first quarter. TIAA CREF Investment Management LLC now owns 22,225 shares of the company’s stock worth $241,000 after buying an additional 4,190 shares during the last quarter. State Street Corp boosted its position in shares of 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 during the last quarter. Geode Capital Management LLC boosted its position in shares of 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 during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of 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 during the last quarter. 16.45% of the stock is currently owned by hedge funds and other 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.

5 Day Chart for NASDAQ:LWAY

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