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

Farmer Bros. Co. (NASDAQ:FARM) was the recipient of a significant decline in short interest in February. As of February 28th, there was short interest totalling 155,600 shares, a decline of 74.6% from the February 13th total of 612,400 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily volume of 692,800 shares, the days-to-cover ratio is presently 0.2 days.

Wall Street Analyst Weigh In

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

Farmer Bros. Stock Down 0.4 %

Shares of FARM traded down $0.01 during trading hours on Friday, hitting $2.22. 268,871 shares of the company were exchanged, compared to its average volume of 230,086. The company has a market cap of $47.41 million, a PE ratio of -4.63 and a beta of 1.76. The firm’s 50 day moving average is $2.12 and its 200-day moving average is $2.10. Farmer Bros. has a 52 week low of $1.60 and a 52 week high of $3.76. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.60 and a current ratio of 1.28.

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

Institutional Trading of Farmer Bros.

Several large investors have recently made changes to their positions in FARM. Penn Capital Management Company LLC boosted its stake in shares of Farmer Bros. by 28.6% during the 4th quarter. Penn Capital Management Company LLC now owns 1,327,831 shares of the company’s stock worth $2,390,000 after acquiring an additional 295,280 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Farmer Bros. by 7.2% during the 4th quarter. Renaissance Technologies LLC now owns 594,800 shares of the company’s stock worth $1,071,000 after purchasing an additional 40,200 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Farmer Bros. during the 4th quarter worth about $69,000. Squarepoint Ops LLC lifted its position in shares of Farmer Bros. by 67.1% during the 4th quarter. Squarepoint Ops LLC now owns 69,270 shares of the company’s stock worth $125,000 after purchasing an additional 27,805 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new position in shares of Farmer Bros. during the 4th quarter worth about $48,000. 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.