Lifeway Foods (NASDAQ:LWAY) Coverage Initiated by Analysts at StockNews.com

StockNews.com initiated coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a report issued on Sunday. The brokerage issued a hold rating on the stock.

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

Lifeway Foods Stock Performance

Shares of LWAY stock opened at $24.61 on Friday. The stock’s 50-day moving average is $25.40 and its two-hundred day moving average is $19.09. Lifeway Foods has a 1 year low of $9.93 and a 1 year high of $28.61. The firm has a market cap of $364.62 million, a price-to-earnings ratio of 28.62 and a beta of 1.01.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Covestor Ltd acquired a new stake in shares of Lifeway Foods during the third quarter worth about $50,000. Rhumbline Advisers increased its position in Lifeway Foods by 2,334.0% in the 2nd quarter. Rhumbline Advisers now owns 4,868 shares of the company’s stock valued at $62,000 after acquiring an additional 4,668 shares during the period. BNP Paribas Financial Markets raised its stake in Lifeway Foods by 71.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,778 shares of the company’s stock valued at $72,000 after acquiring an additional 1,155 shares during the last quarter. Quest Partners LLC acquired a new stake in Lifeway Foods during the 2nd quarter worth approximately $82,000. Finally, Barclays PLC grew its stake in shares of Lifeway Foods by 40.5% in the 3rd quarter. Barclays PLC now owns 6,420 shares of the company’s stock valued at $167,000 after purchasing an additional 1,849 shares during the last quarter. 36.39% of the stock is currently owned by institutional investors and hedge funds.

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.