DA Davidson Maintains Lifeway Foods to Buy with Price Target $17.00

Brokerage firm DA Davidson Maintains its rating on Lifeway Foods(NASDAQ:LWAY). In a research note issued to the investors, the brokerage major Raises the price-target to $17.00 per share. The shares have been rated Buy. The rating by DA Davidson was issued on Sep 16, 2016.

Lifeway Foods (LWAY) made into the market gainers list on Thursdays trading session with the shares advancing 1.02% or 0.16 points. Due to strong positive momentum, the stock ended at $15.92, which is also near the day’s high of $16.05. The stock began the session at $15.76 and the volume stood at 17,037 shares. The 52-week high of the shares is $16.6 and the 52 week low is $8.6805. The company has a current market capitalization of $257 M and it has 1,61,40,633 shares in outstanding.

Lifeway Foods(LWAY) last announced its earnings results on Aug 17, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $0.13.

Several Insider Transactions has been reported to the SEC. On Feb 5, 2016, Ludmila Smolyansky (director 10% owner) sold 8,000 shares at $12.06 per share price.Also, On Jan 12, 2016, Edward Smolyansky (CAO, COO, Treas. & Secretary) sold 30,000 shares at $11.29 per share price.

Lifeway Foods Inc. (Lifeway) is engaged in the manufacturing of probiotic cultured functional dairy health food products. The Company has two operating segments: the sale of fermented dairy products and three retail locations in Illinois that sell its fermented dairy products. The Company is engaged in the sale of fermented dairy products that are sold to consumer retail food sellers through direct delivery and distributors in the United States delivery by a third-party co-packer in London and Canada and through delivery by the United States distributors in Mexico Costa Rica and the Caribbean. The Company’s primary product is kefir a dairy beverage similar to but distinct from yogurt in various flavors and in various packages. In addition to kefir Lifeway manufactures Lifeway Farmer Cheese a line of various farmer cheeses. Lifeway distributes its products throughout the United States and in London England.

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