Lake Street Reaffirms Their Buy Rating on Lifeway Foods (LWAY)

In a report released today, Ben Klieve from Lake Street maintained a Buy rating on Lifeway Foods, with a price target of $33.00. The company’s shares closed yesterday at $25.79.

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Klieve covers the Consumer Defensive sector, focusing on stocks such as Lifeway Foods, Vital Farms, and Limoneira Co. According to TipRanks, Klieve has an average return of 2.5% and a 43.12% success rate on recommended stocks.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Lifeway Foods with a $30.50 average price target.

The company has a one-year high of $34.20 and a one-year low of $19.50. Currently, Lifeway Foods has an average volume of 107.5K.

Based on the recent corporate insider activity of 28 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. Earlier this month, Edward Smolyansky, a Major Shareholder at LWAY sold 83,643.00 shares for a total of $2,166,925.86.