StockNews.com Begins Coverage on Farmer Bros. (NASDAQ:FARM)

StockNews.com initiated coverage on shares of Farmer Bros. (NASDAQ:FARM) in a research report issued to clients and investors on Sunday. The firm set a “hold” rating on the stock.

Farmer Bros. Price Performance

FARM stock opened at $2.07 on Friday. The firm has a 50-day moving average of $1.83 and a two-hundred day moving average of $2.11. The firm has a market capitalization of $44.19 million, a PE ratio of -4.31 and a beta of 1.78. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.57. Farmer Bros. has a one year low of $1.60 and a one year high of $3.86.

Farmer Bros. (NASDAQ:FARM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.18. Farmer Bros. had a negative net margin of 2.92% and a negative return on equity of 27.18%. On average, analysts forecast that Farmer Bros. will post -0.62 earnings per share for the current year.

Hedge Funds Weigh In On Farmer Bros.

A number of large investors have recently made changes to their positions in FARM. Dimensional Fund Advisors LP boosted its holdings 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 purchasing an additional 17,327 shares during the period. Geode Capital Management LLC lifted its position in Farmer Bros. by 5.8% in 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. Global Wealth Management Investment Advisory Inc. boosted its stake 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 valued at $38,000 after buying an additional 7,000 shares during the period. Finally, PFG Investments LLC purchased a new position in shares of Farmer Bros. during the 3rd quarter valued at $33,000. 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.