Lifeway Foods, Inc. (NASDAQ:LWAY - Get Free Report) major shareholder Ludmila Smolyansky sold 15,000 shares of Lifeway Foods stock in a transaction that occurred on Monday, April 20th. The stock was sold at an average price of $26.50, for a total value of $397,500.00. Following the completion of the transaction, the insider directly owned 732,823 shares in the company, valued at approximately $19,419,809.50. This represents a 2.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Ludmila Smolyansky also recently made the following trade(s):
- On Wednesday, March 18th, Ludmila Smolyansky sold 10,000 shares of Lifeway Foods stock. The stock was sold at an average price of $18.74, for a total value of $187,400.00.
Lifeway Foods Stock Performance
Lifeway Foods stock opened at $26.34 on Thursday. The stock has a market capitalization of $399.05 million, a price-to-earnings ratio of 29.27 and a beta of 0.23. Lifeway Foods, Inc. has a 52-week low of $17.31 and a 52-week high of $34.20. The stock's 50 day moving average price is $21.77 and its two-hundred day moving average price is $23.02.
Lifeway Foods (NASDAQ:LWAY - Get Free Report) last posted its quarterly earnings results on Tuesday, March 17th. The company reported $0.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.29 by ($0.13). The business had revenue of $55.36 million for the quarter, compared to the consensus estimate of $55.00 million. Lifeway Foods had a return on equity of 17.25% and a net margin of 6.52%.
Hedge Funds Weigh In On Lifeway Foods
A number of large investors have recently modified their holdings of the company. Divisadero Street Capital Management LP bought a new position in shares of Lifeway Foods in the 3rd quarter worth $17,494,000. Tudor Investment Corp ET AL lifted its holdings in shares of Lifeway Foods by 73.0% in the 4th quarter. Tudor Investment Corp ET AL now owns 163,361 shares of the company's stock worth $3,958,000 after purchasing an additional 68,956 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in shares of Lifeway Foods by 6.2% in the 4th quarter. Gamco Investors INC. ET AL now owns 160,750 shares of the company's stock worth $3,895,000 after purchasing an additional 9,400 shares in the last quarter. Slotnik Capital LLC lifted its holdings in shares of Lifeway Foods by 9.2% in the 3rd quarter. Slotnik Capital LLC now owns 141,761 shares of the company's stock worth $3,935,000 after purchasing an additional 11,921 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Lifeway Foods by 3.3% in the 4th quarter. Geode Capital Management LLC now owns 134,816 shares of the company's stock worth $3,267,000 after purchasing an additional 4,300 shares in the last quarter. 36.39% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on LWAY. Weiss Ratings restated a "hold (c)" rating on shares of Lifeway Foods in a report on Friday, March 27th. Benchmark restated a "buy" rating on shares of Lifeway Foods in a report on Wednesday, January 14th. Morgan Stanley set a $35.00 price target on Lifeway Foods in a report on Wednesday, January 14th. Finally, Wall Street Zen cut Lifeway Foods from a "buy" rating to a "hold" rating in a report on Saturday, March 21st. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $34.33.
Check Out Our Latest Analysis on LWAY
About Lifeway Foods
(
Get Free Report)
Lifeway Foods, Inc (NASDAQ: LWAY) is a Chicago-based food company specializing in probiotic-rich cultured dairy products. Established in 1986 by Michael Smolyansky, the company pioneered the introduction of kefir to the U.S. market. Under the leadership of CEO Julie Smolyansky, who succeeded her father in 2002, Lifeway has grown from a single product operation into a diversified portfolio of fermented foods and beverages aimed at promoting digestive health and wellness.
The company's flagship product is kefir, a cultured milk beverage naturally rich in probiotics, vitamins and minerals.
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