Lifeway Foods, Inc. (NASDAQ:LWAY) – Analysts at Taglich Brothers reduced their Q4 2017 earnings per share estimates for Lifeway Foods in a report released on Thursday. Taglich Brothers analyst H. Halpern now anticipates that the company will post earnings of $0.00 per share for the quarter, down from their prior estimate of $0.03.

Separately, Zacks Investment Research downgraded Lifeway Foods from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, November 8th.

Lifeway Foods (NASDAQ LWAY) opened at $9.45 on Monday. The company has a quick ratio of 1.46, a current ratio of 2.06 and a debt-to-equity ratio of 0.07. Lifeway Foods has a 52 week low of $7.20 and a 52 week high of $12.09. The company has a market capitalization of $151.43, a P/E ratio of 78.75 and a beta of 0.66.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its position in shares of Lifeway Foods by 5.2% during the third quarter. Dimensional Fund Advisors LP now owns 364,548 shares of the company’s stock worth $3,244,000 after buying an additional 18,000 shares during the period. FMR LLC boosted its position in shares of Lifeway Foods by 0.9% during the second quarter. FMR LLC now owns 279,939 shares of the company’s stock worth $2,615,000 after buying an additional 2,513 shares during the period. Vanguard Group Inc. boosted its position in shares of Lifeway Foods by 1.3% during the second quarter. Vanguard Group Inc. now owns 231,997 shares of the company’s stock worth $2,166,000 after buying an additional 3,052 shares during the period. Teton Advisors Inc. boosted its position in shares of Lifeway Foods by 7.4% during the second quarter. Teton Advisors Inc. now owns 166,819 shares of the company’s stock worth $1,558,000 after buying an additional 11,519 shares during the period. Finally, State Street Corp boosted its position in shares of Lifeway Foods by 5.1% during the second quarter. State Street Corp now owns 86,730 shares of the company’s stock worth $811,000 after buying an additional 4,203 shares during the period. Institutional investors and hedge funds own 16.47% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “Taglich Brothers Equities Analysts Reduce Earnings Estimates for Lifeway Foods, Inc. (LWAY)” was originally reported by American Banking News and is owned by of American Banking News. If you are accessing this article on another website, it was illegally stolen and republished in violation of U.S. and international copyright law. The legal version of this article can be viewed at https://www.americanbankingnews.com/2017/12/11/taglich-brothers-equities-analysts-reduce-earnings-estimates-for-lifeway-foods-inc-lway.html.

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)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.