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

StockNews.com started coverage on shares of Farmer Bros. (NASDAQ:FARM) in a research note released on Saturday morning. The firm issued a hold rating on the stock.

Farmer Bros. Stock Up 4.6 %

Shares of NASDAQ FARM opened at $1.81 on Friday. Farmer Bros. has a 1 year low of $1.60 and a 1 year high of $3.86. The firm’s 50 day moving average price is $1.86 and its 200 day moving average price is $2.14. The firm has a market cap of $38.64 million, a P/E ratio of -5.03 and a beta of 1.78. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.58 and a current ratio of 1.32.

Farmer Bros. (NASDAQ:FARM) last released its quarterly earnings results on Thursday, November 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.01). Farmer Bros. had a negative return on equity of 35.41% and a negative net margin of 2.20%. The firm had revenue of $85.07 million for the quarter, compared to analysts’ expectations of $84.80 million. During the same period last year, the firm earned ($0.06) EPS. As a group, sell-side analysts anticipate that Farmer Bros. will post -0.62 earnings per share for the current year.

Institutional Trading of Farmer Bros.

A number of institutional investors and hedge funds have recently modified their holdings of FARM. Geode Capital Management LLC raised its stake 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 valued at $414,000 after buying an additional 11,390 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Farmer Bros. by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 367,919 shares of the company’s stock worth $986,000 after acquiring an additional 17,327 shares during the last quarter. PFG Investments LLC bought a new stake in Farmer Bros. during the 3rd quarter worth about $33,000. Renaissance Technologies LLC grew its holdings in Farmer Bros. by 1.4% during the 2nd quarter. Renaissance Technologies LLC now owns 559,500 shares of the company’s stock worth $1,499,000 after acquiring an additional 7,600 shares during the last quarter. Finally, Global Wealth Management Investment Advisory Inc. grew its holdings in 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 worth $38,000 after acquiring an additional 7,000 shares during the last quarter. 64.48% of the stock is currently 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.