Lifeway Foods, Inc. (NASDAQ:LWAY - Get Free Report) major shareholder Divisadero Street Capital Mana acquired 15,000 shares of the business's stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average price of $24.69 per share, for a total transaction of $370,350.00. Following the completion of the purchase, the insider owned 2,312,156 shares of the company's stock, valued at approximately $57,087,131.64. This represents a 0.65% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their transactions with the SEC.
Divisadero Street Capital Mana also recently made the following trade(s):
- On Monday, August 17th, Divisadero Street Capital Mana acquired 35,952 shares of Lifeway Foods stock. The stock was bought at an average cost of $24.78 per share, with a total value of $890,890.56.
- On Thursday, August 13th, Divisadero Street Capital Mana bought 195,616 shares of Lifeway Foods stock. The stock was bought at an average price of $24.87 per share, with a total value of $4,864,969.92.
Lifeway Foods Stock Down 4.1%
Lifeway Foods stock opened at $24.75 on Tuesday. The stock has a market cap of $373.97 million, a price-to-earnings ratio of 35.36 and a beta of 0.44. The company has a current ratio of 2.09, a quick ratio of 1.47 and a debt-to-equity ratio of 0.26. The company's 50-day moving average price is $29.03 and its two-hundred day moving average price is $25.07. Lifeway Foods, Inc. has a 52 week low of $17.31 and a 52 week high of $34.20.
Lifeway Foods (NASDAQ:LWAY - Get Free Report) last issued its quarterly earnings results on Thursday, August 13th. The company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.26 by ($0.25). The company had revenue of $66.89 million during the quarter, compared to analyst estimates of $61.40 million. Lifeway Foods had a return on equity of 12.66% and a net margin of 4.48%.
Institutional Trading of Lifeway Foods
Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Lifeway Foods in the second quarter valued at $9,614,000. Pillsbury Lake Capital LLC bought a new stake in shares of Lifeway Foods during the 2nd quarter worth $8,704,597,000. Dimensional Fund Advisors LP grew its holdings in shares of Lifeway Foods by 8.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 235,710 shares of the company's stock worth $4,558,000 after acquiring an additional 19,035 shares during the last quarter. AWM Investment Company Inc. acquired a new stake in shares of Lifeway Foods during the second quarter worth $6,654,000. Finally, Gamco Investors INC. ET AL raised its position in shares of Lifeway Foods by 33.5% during the first quarter. Gamco Investors INC. ET AL now owns 214,650 shares of the company's stock worth $4,151,000 after purchasing an additional 53,900 shares during the period. 36.39% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
LWAY has been the subject of a number of research reports. Wall Street Zen lowered Lifeway Foods from a "hold" rating to a "sell" rating in a research note on Saturday. Benchmark restated a "buy" rating on shares of Lifeway Foods in a report on Monday, June 15th. Finally, Weiss Ratings lowered Lifeway Foods from a "buy (b-)" rating to a "hold (c)" rating in a report on Thursday. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.
Read Our Latest Report on Lifeway Foods
Lifeway Foods Company Profile
(
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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