Lifeway Foods (NASDAQ:LWAY) Earns Hold Rating from Analysts at StockNews.com

Investment analysts at StockNews.com assumed coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a report released on Sunday. The brokerage set a “hold” rating on the stock.

Separately, Noble Financial lowered Lifeway Foods from an “outperform” rating to a “market perform” rating in a research note on Tuesday, September 24th.

Lifeway Foods Stock Performance

LWAY stock opened at $23.79 on Friday. Lifeway Foods has a one year low of $9.93 and a one year high of $28.61. The stock has a market capitalization of $352.57 million, a P/E ratio of 27.66 and a beta of 1.01. The company has a 50 day moving average price of $25.36 and a two-hundred day moving average price of $19.15.

Institutional Investors Weigh In On Lifeway Foods

A number of institutional investors have recently bought and sold shares of the stock. Barclays PLC raised its stake in Lifeway Foods by 40.5% during the third quarter. Barclays PLC now owns 6,420 shares of the company’s stock worth $167,000 after purchasing an additional 1,849 shares during the period. Geode Capital Management LLC increased its holdings in shares of Lifeway Foods by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 115,971 shares of the company’s stock worth $3,006,000 after buying an additional 2,018 shares during the last quarter. State Street Corp raised its position in shares of Lifeway Foods by 28.9% in the 3rd quarter. State Street Corp now owns 53,683 shares of the company’s stock worth $1,391,000 after buying an additional 12,020 shares during the period. Point72 Asset Management L.P. acquired a new position in Lifeway Foods in the third quarter valued at $679,000. Finally, Harvest Management LLC purchased a new stake in Lifeway Foods during the third quarter valued at about $518,000. 36.39% of the stock is currently owned by hedge funds and other institutional investors.

Lifeway Foods Company Profile

Lifeway Foods, Inc produces and markets probiotic-based products in the United States and internationally. Its primary product is drinkable kefir, a cultured dairy product in various organic and non-organic sizes, flavors, and types. The company offers European-style soft cheeses; cream and other products; ProBugs, a line of kefir products designed for children; drinkable yogurt; and fresh made butter and sour cream.