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

StockNews.com began coverage on shares of Farmer Bros. (NASDAQ:FARMFree Report) in a report released on Friday. The brokerage issued a hold rating on the stock.

Farmer Bros. Stock Performance

Shares of NASDAQ:FARM opened at $1.70 on Friday. The business has a 50-day simple moving average of $1.90 and a two-hundred day simple moving average of $2.19. The company has a debt-to-equity ratio of 0.57, a current ratio of 1.32 and a quick ratio of 0.58. Farmer Bros. has a fifty-two week low of $1.60 and a fifty-two week high of $4.04.

Farmer Bros. (NASDAQ:FARMGet Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates 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 company had revenue of $85.07 million for the quarter, compared to the consensus estimate of $84.80 million. During the same quarter last year, the company earned ($0.06) EPS. Equities research analysts forecast that Farmer Bros. will post -0.62 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FARM. Global Wealth Management Investment Advisory Inc. increased its position 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 purchasing an additional 7,000 shares during the last quarter. Renaissance Technologies LLC increased its holdings in Farmer Bros. by 1.4% during the second quarter. Renaissance Technologies LLC now owns 559,500 shares of the company’s stock valued at $1,499,000 after buying an additional 7,600 shares during the last quarter. Geode Capital Management LLC raised its position in 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 during the period. PFG Investments LLC purchased a new position in shares of Farmer Bros. during the 3rd quarter worth $33,000. Finally, Dimensional Fund Advisors LP grew its position in shares of Farmer Bros. by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 367,919 shares of the company’s stock valued at $986,000 after acquiring an additional 17,327 shares during the period. Institutional investors own 64.48% of the company’s stock.

Farmer Bros. Company Profile

(Get Free Report)

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.

Further Reading

Receive News & Ratings for Farmer Bros. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmer Bros. and related companies with MarketBeat.com's FREE daily email newsletter.