Farmer Bros (NASDAQ:FARM) had its price objective decreased by Roth Capital from $20.00 to $11.00 in a research report sent to investors on Thursday morning, The Fly reports. Roth Capital currently has a neutral rating on the stock.
A number of other analysts also recently commented on FARM. B. Riley dropped their price objective on Farmer Bros from $21.00 to $10.50 and set a neutral rating on the stock in a research note on Wednesday. ValuEngine upgraded Farmer Bros from a hold rating to a buy rating in a report on Monday, August 12th. BidaskClub cut Farmer Bros from a sell rating to a strong sell rating in a report on Wednesday, August 7th. Zacks Investment Research upgraded Farmer Bros from a strong sell rating to a hold rating in a report on Wednesday, July 10th. Finally, Lake Street Capital lowered their price target on Farmer Bros from $26.00 to $15.00 and set a buy rating on the stock in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Farmer Bros presently has an average rating of Hold and an average price target of $12.17.
Shares of FARM traded up $1.21 during mid-day trading on Thursday, hitting $13.04. The stock had a trading volume of 5,105 shares, compared to its average volume of 95,353. The company has a market cap of $238.56 million, a PE ratio of -11.85, a PEG ratio of 8.33 and a beta of 0.13. The company’s fifty day simple moving average is $13.69 and its two-hundred day simple moving average is $18.15. The company has a quick ratio of 0.93, a current ratio of 2.03 and a debt-to-equity ratio of 0.74. Farmer Bros has a fifty-two week low of $10.26 and a fifty-two week high of $28.15.
Farmer Bros (NASDAQ:FARM) last issued its earnings results on Tuesday, September 10th. The company reported ($0.52) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.37). Farmer Bros had a negative return on equity of 8.98% and a negative net margin of 12.35%. The firm had revenue of $142.05 million during the quarter, compared to analyst estimates of $146.90 million. Equities analysts expect that Farmer Bros will post 0.21 earnings per share for the current year.
In other news, major shareholder Levin Easterly Partners Llc bought 3,002 shares of the stock in a transaction on Thursday, August 15th. The shares were purchased at an average price of $12.65 per share, for a total transaction of $37,975.30. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired 111,260 shares of company stock worth $1,878,262 in the last 90 days. Corporate insiders own 10.90% of the company’s stock.
Several large investors have recently made changes to their positions in FARM. Russell Investments Group Ltd. lifted its position in shares of Farmer Bros by 123.2% in the second quarter. Russell Investments Group Ltd. now owns 2,773,197 shares of the company’s stock worth $45,393,000 after buying an additional 1,530,752 shares during the last quarter. Boston Partners acquired a new stake in shares of Farmer Bros in the second quarter worth about $6,641,000. Trigran Investments Inc. lifted its position in shares of Farmer Bros by 12.8% in the second quarter. Trigran Investments Inc. now owns 1,972,319 shares of the company’s stock worth $32,286,000 after buying an additional 223,041 shares during the last quarter. Granite Investment Partners LLC lifted its position in shares of Farmer Bros by 21.6% in the first quarter. Granite Investment Partners LLC now owns 507,599 shares of the company’s stock worth $10,157,000 after buying an additional 90,019 shares during the last quarter. Finally, Teton Advisors Inc. lifted its position in shares of Farmer Bros by 25.3% in the second quarter. Teton Advisors Inc. now owns 366,021 shares of the company’s stock worth $5,992,000 after buying an additional 73,987 shares during the last quarter. 84.07% of the stock is owned by institutional investors.
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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