Roth Mkm Lowers Farmer Bros. (NASDAQ:FARM) Price Target to $4.50

Farmer Bros. (NASDAQ:FARM) had its target price trimmed by Roth Mkm from $6.00 to $4.50 in a report issued on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other equities research analysts also recently issued reports on FARM. Craig Hallum initiated coverage on shares of Farmer Bros. in a research note on Monday, June 17th. They set a buy rating and a $6.00 price objective for the company. StockNews.com downgraded shares of Farmer Bros. from a buy rating to a hold rating in a research note on Monday, September 16th.

Farmer Bros. Stock Performance

Shares of FARM stock opened at $2.11 on Wednesday. Farmer Bros. has a one year low of $2.06 and a one year high of $4.04. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.65 and a current ratio of 1.42. The company has a 50 day moving average price of $2.63 and a 200 day moving average price of $2.94. The firm has a market capitalization of $44.87 million, a price-to-earnings ratio of -0.92 and a beta of 1.79.

Farmer Bros. (NASDAQ:FARM) last released its quarterly earnings data on Thursday, September 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.22). Farmer Bros. had a negative net margin of 13.46% and a negative return on equity of 58.82%. The company had revenue of $84.40 million during the quarter, compared to the consensus estimate of $81.30 million. During the same period in the previous year, the firm earned ($0.84) earnings per share. Sell-side analysts anticipate that Farmer Bros. will post -0.66 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FARM. Sanders Morris Harris LLC purchased a new position in shares of Farmer Bros. in the first quarter valued at $250,000. Vanguard Group Inc. boosted its stake in shares of Farmer Bros. by 8.6% in the first quarter. Vanguard Group Inc. now owns 824,528 shares of the company’s stock valued at $2,944,000 after purchasing an additional 65,277 shares during the period. Dimensional Fund Advisors LP boosted its stake 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 purchasing an additional 17,327 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Farmer Bros. by 1.4% during the 2nd 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. 64.48% of the stock is currently owned by hedge funds and other institutional investors.

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.