Farmer Bros. (NASDAQ:FARM) Now Covered by Analysts at StockNews.com

StockNews.com started coverage on shares of Farmer Bros. (NASDAQ:FARM) in a research note published on Thursday. The firm issued a hold rating on the stock.

Separately, Roth Mkm reduced their target price on Farmer Bros. from $6.00 to $4.50 and set a “buy” rating for the company in a research report on Wednesday, September 18th.

Farmer Bros. Price Performance

Shares of Farmer Bros. stock opened at $1.67 on Thursday. The firm has a fifty day moving average price of $1.94 and a two-hundred day moving average price of $2.23. Farmer Bros. has a fifty-two week low of $1.60 and a fifty-two week high of $4.04. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.32 and a quick ratio of 0.58. The company has a market cap of $35.65 million, a PE ratio of -4.64 and a beta of 1.80.

Farmer Bros. (NASDAQ:FARM) last released its earnings results on Thursday, November 7th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.01). The firm had revenue of $85.07 million for the quarter, compared to analyst estimates of $84.80 million. Farmer Bros. had a negative return on equity of 35.41% and a negative net margin of 2.20%. During the same period last year, the business earned ($0.06) earnings per share. Analysts expect that Farmer Bros. will post -0.62 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FARM. PFG Investments LLC acquired a new stake in Farmer Bros. in the 3rd quarter valued at $33,000. Global Wealth Management Investment Advisory Inc. lifted its holdings in shares of Farmer Bros. by 58.3% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 19,000 shares of the company’s stock valued at $38,000 after acquiring an additional 7,000 shares during the period. Sanders Morris Harris LLC boosted its stake in shares of Farmer Bros. by 53.8% in the 3rd quarter. Sanders Morris Harris LLC now owns 154,283 shares of the company’s stock valued at $305,000 after purchasing an additional 54,000 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Farmer Bros. by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 209,288 shares of the company’s stock worth $414,000 after purchasing an additional 11,390 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Farmer Bros. by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 367,919 shares of the company’s stock worth $986,000 after purchasing an additional 17,327 shares in the last quarter. Institutional investors own 64.48% of the company’s stock.

Farmer Bros. Company Profile

Farmer Bros. Co engages in the roasting, wholesale, equipment servicing, and distribution of coffee, tea, and other allied products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavoured and unflavoured iced and hot teas; culinary products, including spices, pancake and biscuit mixes, gravy and sauce mixes, soup bases, dressings, and syrups and sauces, as well as coffee filters, cups, sugar, and creamers; and other beverages comprising cappuccino, cocoa, granitas, and other blender-based beverages and concentrated and ready-to-drink cold brew and iced coffee.