TheStreet lowered shares of Lifeway Foods Inc. (NASDAQ:LWAY) from a buy rating to a hold rating in a report issued on Tuesday.

Several other analysts have also recently commented on the company. DA Davidson raised their target price on Lifeway Foods from $13.00 to $17.00 and gave the stock a buy rating in a research report on Friday, September 16th. Zacks Investment Research raised Lifeway Foods from a sell rating to a hold rating in a research report on Wednesday, August 3rd.

Shares of Lifeway Foods (NASDAQ:LWAY) traded down 3.96% on Tuesday, reaching $11.63. The company has a market capitalization of $187.71 million, a P/E ratio of 56.73 and a beta of 0.52. Lifeway Foods has a 52-week low of $8.68 and a 52-week high of $18.48. The stock has a 50 day moving average price of $15.74 and a 200-day moving average price of $12.47.

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A number of hedge funds have recently added to or reduced their stakes in LWAY. Zacks Investment Management purchased a new stake in Lifeway Foods during the third quarter worth about $1,215,000. FMR LLC boosted its stake in Lifeway Foods by 23.3% in the second quarter. FMR LLC now owns 339,664 shares of the company’s stock worth $3,285,000 after buying an additional 64,158 shares during the last quarter. Globeflex Capital L P purchased a new stake in Lifeway Foods during the third quarter worth about $254,000. Granite Investment Partners LLC boosted its stake in Lifeway Foods by 7.4% in the third quarter. Granite Investment Partners LLC now owns 178,207 shares of the company’s stock worth $3,019,000 after buying an additional 12,221 shares during the last quarter. Finally, 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. 17.19% of the stock is owned by hedge funds and other institutional investors.

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.

5 Day Chart for NASDAQ:LWAY

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