Lifeway Foods (LWAY) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Lifeway Foods (NASDAQ:LWAY) from a sell rating to a hold rating in a report issued on Wednesday.

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. “

Separately, ValuEngine lowered shares of Lifeway Foods from a hold rating to a sell rating in a report on Sunday, December 31st.

Shares of Lifeway Foods (NASDAQ LWAY) traded up $0.08 during mid-day trading on Wednesday, hitting $8.24. 23,056 shares of the stock traded hands, compared to its average volume of 33,012. Lifeway Foods has a one year low of $7.20 and a one year high of $12.09. The firm has a market cap of $132.04, a price-to-earnings ratio of 68.67 and a beta of 0.67. The company has a quick ratio of 1.46, a current ratio of 2.06 and a debt-to-equity ratio of 0.07.

In other news, Director Ludmila Smolyansky sold 15,209 shares of the business’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $8.27, for a total value of $125,778.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 19,530 shares of company stock valued at $161,435 in the last three months. 50.00% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its stake in Lifeway Foods by 5.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 364,548 shares of the company’s stock worth $3,244,000 after purchasing an additional 18,000 shares during the period. FMR LLC boosted its stake in Lifeway Foods by 0.9% in the 2nd quarter. FMR LLC now owns 279,939 shares of the company’s stock worth $2,615,000 after purchasing an additional 2,513 shares during the period. Vanguard Group Inc. boosted its stake in Lifeway Foods by 1.3% in the 2nd quarter. Vanguard Group Inc. now owns 231,997 shares of the company’s stock worth $2,166,000 after purchasing an additional 3,052 shares during the period. State Street Corp boosted its stake in Lifeway Foods by 5.1% in the 2nd quarter. State Street Corp now owns 86,730 shares of the company’s stock worth $811,000 after purchasing an additional 4,203 shares during the period. Finally, Northern Trust Corp boosted its stake in Lifeway Foods by 1.3% in the 2nd quarter. Northern Trust Corp now owns 62,380 shares of the company’s stock worth $582,000 after purchasing an additional 819 shares during the period. 16.47% of the stock is owned by hedge funds and other institutional investors.

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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.

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