StockNews.com Initiates Coverage on Lifeway Foods (NASDAQ:LWAY)

Equities researchers at StockNews.com started coverage on shares of Lifeway Foods (NASDAQ:LWAY) in a note issued to investors on Monday. The brokerage set a “hold” rating on the stock.

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

Lifeway Foods Stock Up 1.1 %

Shares of LWAY stock opened at $24.45 on Monday. Lifeway Foods has a fifty-two week low of $9.93 and a fifty-two week high of $28.61. The firm’s 50 day moving average price is $25.19 and its two-hundred day moving average price is $19.40. The stock has a market cap of $362.25 million, a price-to-earnings ratio of 28.43 and a beta of 1.01.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets increased 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 worth $72,000 after buying an additional 1,155 shares during the period. Barclays PLC grew its stake in shares of Lifeway Foods by 40.5% during the third quarter. Barclays PLC now owns 6,420 shares of the company’s stock valued at $167,000 after acquiring an additional 1,849 shares in the last quarter. Covestor Ltd purchased a new stake in shares of Lifeway Foods during the third quarter worth about $50,000. Geode Capital Management LLC lifted its stake in shares of Lifeway Foods by 1.8% in the third quarter. Geode Capital Management LLC now owns 115,971 shares of the company’s stock worth $3,006,000 after acquiring an additional 2,018 shares in the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Lifeway Foods by 2,334.0% in the second quarter. Rhumbline Advisers now owns 4,868 shares of the company’s stock worth $62,000 after acquiring an additional 4,668 shares in the last quarter. 36.39% of the stock is 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.