Today, Lifeway Foods Inc. (LWAY) Decreased to Hold at The Zacks Investment Research

Today, Lifeway Foods Inc. (LWAY) Decreased to Hold at The Zacks Investment Research

Lifeway Foods Inc. (NASDAQ:LWAY) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Tuesday.

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. “

A number of other research firms also recently commented on LWAY. DA Davidson reaffirmed a “buy” rating and issued a $13.00 price objective on shares of Lifeway Foods in a report on Friday, August 19th. TheStreet raised shares of Lifeway Foods from a “hold” rating to a “buy” rating in a report on Monday, September 19th.

Lifeway Foods (NASDAQ:LWAY) traded up 1.42% during trading on Tuesday, hitting $12.86. 7,373 shares of the stock were exchanged. The stock’s 50 day moving average is $15.82 and its 200-day moving average is $12.41. Lifeway Foods has a one year low of $8.68 and a one year high of $18.48. The company has a market cap of $207.56 million, a price-to-earnings ratio of 62.73 and a beta of 0.52.

Large investors have recently bought and sold shares of the stock. Wells Fargo & Company MN boosted its stake in Lifeway Foods by 125,700.0% in the third quarter. Wells Fargo & Company MN now owns 7,548 shares of the company’s stock worth $127,000 after buying an additional 7,542 shares during the last quarter. Teachers Advisors LLC boosted its stake in Lifeway Foods by 83.9% in the third quarter. Teachers Advisors LLC now owns 14,964 shares of the company’s stock worth $253,000 after buying an additional 6,828 shares during the last quarter. Globeflex Capital L P bought a new stake in Lifeway Foods during the third quarter worth about $254,000. Cadence Capital Management LLC boosted its stake in Lifeway Foods by 2.0% in the second quarter. Cadence Capital Management LLC now owns 84,922 shares of the company’s stock worth $821,000 after buying an additional 1,688 shares during the last quarter. Finally, Zacks Investment Management bought a new stake in Lifeway Foods during the third quarter worth about $1,215,000. Institutional investors own 16.91% of the company’s stock.

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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