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

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

Farmer Bros. Stock Performance

Shares of FARM opened at $2.34 on Thursday. 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 stock has a market capitalization of $49.97 million, a P/E ratio of -4.88 and a beta of 1.76. The company’s fifty day moving average is $2.11 and its two-hundred day moving average is $2.10. Farmer Bros. has a 1 year low of $1.60 and a 1 year high of $3.76.

Farmer Bros. (NASDAQ:FARM) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.06 earnings per share 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 27.45%. On average, sell-side analysts predict that Farmer Bros. will post -0.37 earnings per share for the current year.

Hedge Funds Weigh In On Farmer Bros.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new position in shares of Farmer Bros. during the 4th quarter worth $29,000. XTX Topco Ltd acquired a new position in shares of Farmer Bros. during the 4th quarter worth $36,000. Prudential Financial Inc. acquired a new position in shares of Farmer Bros. during the 4th quarter worth $48,000. Millennium Management LLC acquired a new stake in Farmer Bros. in the 4th quarter valued at about $69,000. Finally, Squarepoint Ops LLC grew its stake in Farmer Bros. by 67.1% in the 4th quarter. Squarepoint Ops LLC now owns 69,270 shares of the company’s stock valued at $125,000 after acquiring an additional 27,805 shares during the last quarter. 64.48% of the stock is owned by institutional investors and hedge funds.

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.