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

Farmer Bros. Co. (NASDAQ:FARM) saw a large growth in short interest during the month of September. As of September 15th, there was short interest totalling 56,100 shares, a growth of 6.3% from the August 31st total of 52,800 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily volume of 56,500 shares, the days-to-cover ratio is currently 1.0 days.

Farmer Bros. Stock Performance

FARM stock opened at $1.91 on Wednesday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.34 and a quick ratio of 0.59. Farmer Bros. has a 1 year low of $1.86 and a 1 year high of $4.04. The company has a market cap of $40.61 million, a P/E ratio of -0.83 and a beta of 1.79. The stock’s fifty day moving average price is $2.51 and its 200-day moving average price is $2.85.

Farmer Bros. (NASDAQ:FARM) last released its quarterly earnings results on Thursday, September 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.22). Farmer Bros. had a negative return on equity of 27.35% and a negative net margin of 1.14%. The business had revenue of $84.40 million during the quarter, compared to the consensus estimate of $81.30 million. During the same period in the previous year, the company posted ($0.84) EPS. On average, equities analysts forecast that Farmer Bros. will post -0.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on FARM shares. Craig Hallum initiated coverage on shares of Farmer Bros. in a report on Monday, June 17th. They issued a “buy” rating and a $6.00 price objective for the company. Roth Mkm reduced their price objective on Farmer Bros. from $6.00 to $4.50 and set a “buy” rating for the company in a report on Wednesday, September 18th. Finally, StockNews.com downgraded shares of Farmer Bros. from a “buy” rating to a “hold” rating in a report on Monday, September 16th.

Institutional Trading of Farmer Bros.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FARM. Sanders Morris Harris LLC bought a new position in shares of Farmer Bros. in the first quarter worth about $250,000. Dimensional Fund Advisors LP increased its holdings in 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 acquiring an additional 17,327 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Farmer Bros. by 1.4% in 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 in the last quarter. Finally, Vanguard Group Inc. raised its stake in Farmer Bros. by 8.6% during the 1st quarter. Vanguard Group Inc. now owns 824,528 shares of the company’s stock worth $2,944,000 after acquiring an additional 65,277 shares during the period. 64.48% of the stock is owned by hedge funds and other institutional investors.

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.