Farmer Bros. (NASDAQ:FARM) Stock Rating Lowered by StockNews.com

StockNews.com lowered shares of Farmer Bros. (NASDAQ:FARM) from a buy rating to a hold rating in a research report sent to investors on Monday morning.

Separately, Craig Hallum began coverage on shares of Farmer Bros. in a research note on Monday, June 17th. They issued a buy rating and a $6.00 target price on the stock.

Farmer Bros. Stock Performance

Shares of Farmer Bros. stock opened at $2.19 on Monday. The business has a fifty day simple moving average of $2.68 and a two-hundred day simple moving average of $2.97. The firm has a market capitalization of $46.57 million, a P/E ratio of -0.96 and a beta of 1.79. The company has a current ratio of 1.42, a quick ratio of 0.65 and a debt-to-equity ratio of 0.54. Farmer Bros. has a 12 month low of $2.15 and a 12 month high of $4.04.

Farmer Bros. (NASDAQ:FARM) last posted its quarterly earnings data on Thursday, September 12th. The company reported ($0.22) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.22). Farmer Bros. had a negative return on equity of 58.82% and a negative net margin of 13.46%. The company had revenue of $84.40 million during the quarter, compared to analyst estimates of $81.30 million. During the same quarter last year, the company earned ($0.84) EPS. On average, equities analysts forecast that Farmer Bros. will post -0.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Farmer Bros.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Farmer Bros. by 8.6% during the first quarter. Vanguard Group Inc. now owns 824,528 shares of the company’s stock valued at $2,944,000 after acquiring an additional 65,277 shares during the last quarter. Sanders Morris Harris LLC purchased a new stake in shares of Farmer Bros. during the 1st quarter valued at about $250,000. Dimensional Fund Advisors LP lifted its stake in shares of Farmer Bros. by 4.9% in the 2nd 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. Finally, Renaissance Technologies LLC boosted its holdings in shares of Farmer Bros. by 1.4% in the second quarter. Renaissance Technologies LLC now owns 559,500 shares of the company’s stock worth $1,499,000 after buying an additional 7,600 shares during the last quarter. Hedge funds and other institutional investors 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.