Farmer Bros. (NASDAQ:FARM) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Farmer Bros. (NASDAQ:FARM) in a report issued on Thursday morning. The firm issued a hold rating on the stock.

Separately, Roth Mkm lowered their price objective on shares of Farmer Bros. from $6.00 to $4.50 and set a “buy” rating for the company in a research note on Wednesday, September 18th.

Farmer Bros. Price Performance

Shares of NASDAQ FARM opened at $1.69 on Thursday. The company has a quick ratio of 0.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.57. The company has a market capitalization of $36.08 million, a PE ratio of -4.69 and a beta of 1.80. The firm has a fifty day simple moving average of $1.93 and a 200 day simple moving average of $2.22. Farmer Bros. has a twelve month low of $1.60 and a twelve month high of $4.04.

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

Institutional Investors Weigh In On Farmer Bros.

Several institutional investors and hedge funds have recently added to or reduced their stakes in FARM. Dimensional Fund Advisors LP grew its holdings in shares of Farmer Bros. by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 367,919 shares of the company’s stock valued at $986,000 after acquiring an additional 17,327 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Farmer Bros. by 1.4% in the second quarter. Renaissance Technologies LLC now owns 559,500 shares of the company’s stock valued at $1,499,000 after acquiring an additional 7,600 shares during the last quarter. Sanders Morris Harris LLC increased its stake in shares of Farmer Bros. by 53.8% during the 3rd quarter. Sanders Morris Harris LLC now owns 154,283 shares of the company’s stock worth $305,000 after purchasing an additional 54,000 shares during the last quarter. PFG Investments LLC bought a new stake in shares of Farmer Bros. in the 3rd quarter worth approximately $33,000. Finally, Global Wealth Management Investment Advisory Inc. lifted its stake in Farmer Bros. by 58.3% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 19,000 shares of the company’s stock valued at $38,000 after purchasing an additional 7,000 shares during the last quarter. Hedge funds and other institutional investors own 64.48% of the company’s stock.

About Farmer Bros.

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.