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

Investment analysts at StockNews.com assumed coverage on shares of Farmer Bros. (NASDAQ:FARM) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the stock.

Separately, Roth Mkm decreased 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. Trading Down 0.6 %

NASDAQ FARM opened at $1.64 on Thursday. 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 one year low of $1.60 and a one year high of $4.04. The company’s 50 day moving average price is $1.94 and its 200 day moving average price is $2.23. The firm has a market capitalization of $35.02 million, a price-to-earnings ratio of -4.56 and a beta of 1.80.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Sanders Morris Harris LLC increased its stake in 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 buying an additional 54,000 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Farmer Bros. by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 367,919 shares of the company’s stock worth $986,000 after acquiring an additional 17,327 shares during the last quarter. PFG Investments LLC acquired a new position in shares of Farmer Bros. in the third quarter worth about $33,000. Geode Capital Management LLC lifted its stake in shares of Farmer Bros. by 5.8% in the third quarter. Geode Capital Management LLC now owns 209,288 shares of the company’s stock worth $414,000 after acquiring an additional 11,390 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings 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 purchasing an additional 7,600 shares during the last quarter. 64.48% of the stock is currently owned by hedge funds and other institutional investors.

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.