Lifeway Foods (LWAY) Stock Rating Lowered by Zacks Investment Research

Lifeway Foods (NASDAQ:LWAY) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued on Wednesday.

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. “

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Separately, ValuEngine lowered Lifeway Foods from a “hold” rating to a “sell” rating in a research report on Sunday, December 31st.

Shares of Lifeway Foods stock opened at $5.44 on Wednesday. The company has a market capitalization of $90.66, a P/E ratio of -272.00 and a beta of 0.59. Lifeway Foods has a fifty-two week low of $5.37 and a fifty-two week high of $10.75. The company has a quick ratio of 1.29, a current ratio of 1.87 and a debt-to-equity ratio of 0.07.

Lifeway Foods (NASDAQ:LWAY) last issued its quarterly earnings data on Friday, March 30th. The company reported ($0.11) earnings per share for the quarter. Lifeway Foods had a negative return on equity of 0.72% and a negative net margin of 0.29%. The business had revenue of $26.26 million during the quarter, compared to analysts’ expectations of $28.80 million. equities research analysts predict that Lifeway Foods will post 0.2 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Lifeway Foods by 5.2% during the third quarter. Dimensional Fund Advisors LP now owns 364,548 shares of the company’s stock worth $3,244,000 after buying an additional 18,000 shares during the period. Financial & Investment Management Group Ltd. boosted its position in shares of Lifeway Foods by 223.2% during the fourth quarter. Financial & Investment Management Group Ltd. now owns 50,302 shares of the company’s stock worth $402,000 after buying an additional 34,737 shares during the period. Stone Ridge Asset Management LLC purchased a new position in shares of Lifeway Foods during the fourth quarter worth $161,000. State Street Corp boosted its position in shares of Lifeway Foods by 5.1% during the second quarter. State Street Corp now owns 86,730 shares of the company’s stock worth $811,000 after buying an additional 4,203 shares during the period. Finally, Northern Trust Corp boosted its position in shares of Lifeway Foods by 1.3% during the second quarter. Northern Trust Corp now owns 62,380 shares of the company’s stock worth $582,000 after buying an additional 819 shares during the period. Institutional investors and hedge funds own 16.35% of the company’s stock.

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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, including low fat, non-fat, whole milk, protein, BioKefir, and kefir with oats.

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