Noble Financial analyst Joe Gomes maintained a Buy rating on Lifeway Foods (LWAY – Research Report) today and set a price target of $12.00. The company’s shares closed yesterday at $10.61.
Gomes covers the Technology sector, focusing on stocks such as Bit Digital, Kratos Defense, and Comtech Telecommunications. According to TipRanks, Gomes has an average return of 3.1% and a 43.01% success rate on recommended stocks.
Lifeway Foods has an analyst consensus of Moderate Buy, with a price target consensus of $12.00.
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Based on Lifeway Foods’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $39.23 million and a net profit of $3.16 million. In comparison, last year the company earned a revenue of $33.49 million and had a net profit of $120 thousand
Based on the recent corporate insider activity of 19 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.
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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.
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