Shares of Farmer Bros Co (NASDAQ:FARM) have been assigned an average recommendation of “Hold” from the six analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $34.67.
A number of research analysts have commented on the stock. BidaskClub cut shares of Farmer Bros from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Zacks Investment Research cut shares of Farmer Bros from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 14th. Finally, ValuEngine cut shares of Farmer Bros from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th.
In other Farmer Bros news, major shareholder Levin Easterly Partners Llc purchased 464,694 shares of the business’s stock in a transaction on Friday, April 12th. The stock was purchased at an average price of $19.85 per share, for a total transaction of $9,224,175.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 10.90% of the stock is owned by company insiders.
Large investors have recently bought and sold shares of the company. Hodges Capital Management Inc. bought a new stake in Farmer Bros during the 1st quarter worth about $250,000. North Star Investment Management Corp. lifted its position in Farmer Bros by 45.1% during the 1st quarter. North Star Investment Management Corp. now owns 135,150 shares of the company’s stock worth $2,704,000 after buying an additional 42,000 shares in the last quarter. Deutsche Bank AG lifted its position in Farmer Bros by 38.0% during the 4th quarter. Deutsche Bank AG now owns 37,083 shares of the company’s stock worth $863,000 after buying an additional 10,209 shares in the last quarter. Geode Capital Management LLC lifted its position in Farmer Bros by 7.2% during the 4th quarter. Geode Capital Management LLC now owns 130,095 shares of the company’s stock worth $3,035,000 after buying an additional 8,701 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Farmer Bros by 1.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 929,387 shares of the company’s stock worth $21,682,000 after buying an additional 10,015 shares in the last quarter. Institutional investors own 60.08% of the company’s stock.
Shares of NASDAQ FARM traded down $0.14 during mid-day trading on Friday, hitting $20.50. The company had a trading volume of 136,381 shares, compared to its average volume of 70,897. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.93 and a current ratio of 2.00. Farmer Bros has a 12 month low of $19.17 and a 12 month high of $31.50. The stock has a market cap of $337.33 million, a PE ratio of 157.69 and a beta of 0.15.
Farmer Bros (NASDAQ:FARM) last announced its quarterly earnings results on Monday, February 11th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.14). The business had revenue of $159.77 million for the quarter, compared to the consensus estimate of $162.79 million. Farmer Bros had a negative return on equity of 2.67% and a negative net margin of 2.74%. Research analysts forecast that Farmer Bros will post -0.11 earnings per share for the current fiscal year.
About Farmer Bros
Farmer Bros. Co engages in the manufacture, wholesale, and distribution of coffee, tea, and culinary products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavored and unflavored iced and hot teas; culinary products, including gelatins and puddings, soup bases, dressings, gravy and sauce mixes, pancake and biscuit mixes, jellies and preserves, and coffee-related products, such as coffee filters, sugar, and creamers; spices; and other beverages comprising cappuccino, cocoa, granitas, and ready-to-drink cold brew and iced coffee.
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