In a report released today, Ben Klieve from Lake Street maintained a Buy rating on Lifeway Foods (LWAY – Research Report), with a price target of $25.00. The company’s shares closed yesterday at $27.31.
According to TipRanks, Klieve is a 4-star analyst with an average return of 8.5% and a 47.45% success rate. Klieve covers the Consumer Defensive sector, focusing on stocks such as Vital Farms, MGP Ingredients, and Calavo Growers.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lifeway Foods with a $22.08 average price target.
LWAY market cap is currently $401.2M and has a P/E ratio of 36.32.
Based on the recent corporate insider activity of 30 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LWAY in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Lifeway Foods (LWAY) Company Description:
Lifeway Foods, Inc. engages in the manufacture of probiotic and nutritious foods. Its products include kefir, organic kefir, plantiful, probugs, frozen kefir, cups and skyr, cheese, and supplements. It distributes its products primarily through its direct sales force, brokers, and distributors. The company was founded by Michael Smolyansky and Ludmila Smolyansky in February 1986 and is headquartered in Morton Grove, IL.
Read More on LWAY:
- Lifeway Foods initiated with a Buy at Lake Street
- Lifeway Foods downgraded to Market Perform from Outperform at Noble Capital
- Danone’s Minority Control: A Strategic Risk to Lifeway Foods’ Leadership Compensation and Corporate Decisions
- Lifeway Foods reports Q4 26c vs. 5c last year
- Lifeway Foods® Announces Record-Breaking Fourth Quarter and Monumental Full Year 2023 Results
