Farmer Bros. Co. (NASDAQ:FARM) Sees Large Decline in Short Interest

Farmer Bros. Co. (NASDAQ:FARM) was the target of a large decline in short interest in the month of January. As of January 31st, there was short interest totalling 81,600 shares, a decline of 5.4% from the January 15th total of 86,300 shares. Based on an average daily volume of 556,000 shares, the days-to-cover ratio is currently 0.1 days.

Farmer Bros. Stock Performance

NASDAQ:FARM opened at $2.20 on Wednesday. The stock has a fifty day moving average price of $1.82 and a 200-day moving average price of $2.08. The company has a market cap of $46.98 million, a price-to-earnings ratio of -4.58 and a beta of 1.78. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.58 and a current ratio of 1.32. Farmer Bros. has a fifty-two week low of $1.60 and a fifty-two week high of $3.86.

Farmer Bros. (NASDAQ:FARM) last released its earnings results on Thursday, February 6th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.18. Farmer Bros. had a negative return on equity of 27.18% and a negative net margin of 2.92%. As a group, equities analysts anticipate that Farmer Bros. will post -0.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Farmer Bros. in a research report on Monday. They set a “hold” rating for the company.

Hedge Funds Weigh In On Farmer Bros.

Institutional investors have recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in shares of Farmer Bros. by 5.8% during the 3rd quarter. Geode Capital Management LLC now owns 209,288 shares of the company’s stock worth $414,000 after buying an additional 11,390 shares in the last quarter. PFG Investments LLC acquired a new position in shares of Farmer Bros. during the 3rd quarter worth $33,000. Global Wealth Management Investment Advisory Inc. raised its holdings in shares of Farmer Bros. by 58.3% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 19,000 shares of the company’s stock worth $38,000 after buying an additional 7,000 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Farmer Bros. during the 4th quarter worth $69,000. Finally, Squarepoint Ops LLC raised its holdings in shares of Farmer Bros. by 67.1% during the 4th quarter. Squarepoint Ops LLC now owns 69,270 shares of the company’s stock worth $125,000 after buying an additional 27,805 shares in the last quarter. Institutional investors and hedge funds 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.