Farmer Bros. (NASDAQ:FARM) Earns Hold Rating from Analysts at StockNews.com

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

Farmer Bros. Stock Performance

Shares of NASDAQ:FARM opened at $2.43 on Monday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.60 and a current ratio of 1.28. The firm has a market cap of $51.88 million, a PE ratio of -5.06 and a beta of 1.78. The firm’s 50 day simple moving average is $1.82 and its 200-day simple moving average is $2.08. Farmer Bros. has a one year low of $1.60 and a one year high of $3.86.

Farmer Bros. (NASDAQ:FARM) last released its quarterly earnings data on Thursday, February 6th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of ($0.12) by $0.18. Farmer Bros. had a negative return on equity of 27.45% and a negative net margin of 2.92%. As a group, equities analysts predict that Farmer Bros. will post -0.37 EPS for the current year.

Hedge Funds Weigh In On Farmer Bros.

Several institutional investors have recently made changes to their positions in FARM. Penn Capital Management Company LLC increased its position in Farmer Bros. by 28.6% during the 4th quarter. Penn Capital Management Company LLC now owns 1,327,831 shares of the company’s stock valued at $2,390,000 after purchasing an additional 295,280 shares during the period. Renaissance Technologies LLC increased its holdings in Farmer Bros. by 7.2% during the fourth quarter. Renaissance Technologies LLC now owns 594,800 shares of the company’s stock valued at $1,071,000 after buying an additional 40,200 shares during the period. Millennium Management LLC purchased a new position in Farmer Bros. during the fourth quarter valued at approximately $69,000. Squarepoint Ops LLC increased its holdings in Farmer Bros. by 67.1% during the fourth quarter. Squarepoint Ops LLC now owns 69,270 shares of the company’s stock valued at $125,000 after buying an additional 27,805 shares during the period. Finally, Prudential Financial Inc. purchased a new position in shares of Farmer Bros. in the 4th quarter valued at $48,000. 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.