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

Farmer Bros. Co. (NASDAQ:FARM) was the target of a significant drop in short interest in the month of January. As of January 31st, there was short interest totalling 81,600 shares, a drop of 5.4% from the January 15th total of 86,300 shares. Based on an average daily volume of 556,000 shares, the short-interest ratio is presently 0.1 days.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on Farmer Bros. in a research note on Monday. They set a “hold” rating on the stock.

Institutional Investors Weigh In On Farmer Bros.

A number of institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC boosted its position in Farmer Bros. by 67.1% during the fourth quarter. Squarepoint Ops LLC now owns 69,270 shares of the company’s stock valued at $125,000 after purchasing an additional 27,805 shares in the last quarter. Millennium Management LLC bought a new stake in Farmer Bros. during the fourth quarter valued at about $69,000. Jane Street Group LLC bought a new stake in Farmer Bros. during the fourth quarter valued at about $29,000. Penn Capital Management Company LLC boosted its position in Farmer Bros. by 28.6% during the fourth quarter. Penn Capital Management Company LLC now owns 1,327,831 shares of the company’s stock valued at $2,390,000 after purchasing an additional 295,280 shares in the last quarter. Finally, XTX Topco Ltd bought a new stake in Farmer Bros. during the fourth quarter valued at about $36,000. Institutional investors own 64.48% of the company’s stock.

Farmer Bros. Stock Performance

Shares of Farmer Bros. stock opened at $2.43 on Thursday. The firm has a market cap of $51.88 million, a P/E ratio of -5.06 and a beta of 1.78. The company has a current ratio of 1.28, a quick ratio of 0.60 and a debt-to-equity ratio of 0.56. Farmer Bros. has a 12 month low of $1.60 and a 12 month high of $3.86. The stock’s fifty day moving average price is $1.82 and its 200-day moving average price is $2.08.

Farmer Bros. (NASDAQ:FARM) last announced its quarterly earnings results on Thursday, February 6th. The company reported $0.06 EPS for the quarter, beating the consensus estimate 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 expect that Farmer Bros. will post -0.37 earnings per share for the current fiscal year.

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.