Farmer Bros. Co. (NASDAQ:FARM) Short Interest Update

Farmer Bros. Co. (NASDAQ:FARM) was the recipient of a large decrease in short interest in February. As of February 28th, there was short interest totalling 155,600 shares, a decrease of 74.6% from the February 13th total of 612,400 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average trading volume of 692,800 shares, the short-interest ratio is currently 0.2 days.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Farmer Bros. in a report on Thursday. They issued a “hold” rating for the company.

Farmer Bros. Stock Performance

Farmer Bros. stock traded down $0.01 during trading hours on Friday, hitting $2.22. The stock had a trading volume of 268,871 shares, compared to its average volume of 230,086. The company has a 50-day moving average of $2.12 and a two-hundred day moving average of $2.10. The company has a quick ratio of 0.60, a current ratio of 1.28 and a debt-to-equity ratio of 0.56. The company has a market cap of $47.41 million, a PE ratio of -4.63 and a beta of 1.76. Farmer Bros. has a fifty-two week low of $1.60 and a fifty-two week high of $3.76.

Farmer Bros. (NASDAQ:FARM) last issued its earnings results on Thursday, February 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. On average, equities research analysts anticipate that Farmer Bros. will post -0.37 EPS for the current fiscal year.

Hedge Funds Weigh In On Farmer Bros.

A number of hedge funds have recently modified their holdings of the stock. Penn Capital Management Company LLC raised its holdings in shares of Farmer Bros. by 28.6% in the 4th quarter. Penn Capital Management Company LLC now owns 1,327,831 shares of the company’s stock worth $2,390,000 after buying an additional 295,280 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Farmer Bros. by 7.2% in the 4th quarter. Renaissance Technologies LLC now owns 594,800 shares of the company’s stock worth $1,071,000 after buying an additional 40,200 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of 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. Squarepoint Ops LLC raised its holdings in shares of Farmer Bros. by 67.1% in the 4th quarter. Squarepoint Ops LLC now owns 69,270 shares of the company’s stock worth $125,000 after buying an additional 27,805 shares in the last quarter. Finally, Millennium Management LLC acquired a new position in shares of Farmer Bros. in the 4th quarter worth approximately $69,000. 64.48% of the stock is owned by institutional investors and hedge funds.

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.