Farmer Brothers Company (NASDAQ:FARM) Sees Significant Decrease in Short Interest

Farmer Brothers Company (NASDAQ:FARM) was the recipient of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 44,530 shares, a decrease of 17.8% from the January 15th total of 54,204 shares. Based on an average trading volume of 62,423 shares, the days-to-cover ratio is presently 0.7 days. Approximately 0.2% of the company’s shares are sold short. Approximately 0.2% of the company’s shares are sold short. Based on an average trading volume of 62,423 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Gabelli Funds LLC raised its holdings in shares of Farmer Brothers by 2.3% in the 2nd quarter. Gabelli Funds LLC now owns 272,500 shares of the company’s stock valued at $373,000 after purchasing an additional 6,000 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in Farmer Brothers by 1.0% in the fourth quarter. Gamco Investors INC. ET AL now owns 787,000 shares of the company’s stock valued at $1,149,000 after buying an additional 7,500 shares in the last quarter. Panagora Asset Management Inc. purchased a new stake in Farmer Brothers during the 2nd quarter worth about $26,000. Bridgeway Capital Management LLC lifted its holdings in Farmer Brothers by 54.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 66,147 shares of the company’s stock worth $97,000 after buying an additional 23,247 shares during the last quarter. Finally, Jane Street Group LLC boosted its position in shares of Farmer Brothers by 152.2% during the 1st quarter. Jane Street Group LLC now owns 41,129 shares of the company’s stock worth $91,000 after acquiring an additional 24,820 shares in the last quarter. Institutional investors and hedge funds own 64.48% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on FARM. Zacks Research raised Farmer Brothers from a “strong sell” rating to a “hold” rating in a research report on Friday, January 30th. Roth Mkm cut their price objective on Farmer Brothers from $3.50 to $3.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Farmer Brothers in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $2.75.

Farmer Brothers Stock Up 3.7%

Shares of NASDAQ FARM traded up $0.06 during mid-day trading on Wednesday, hitting $1.53. The company had a trading volume of 31,196 shares, compared to its average volume of 76,714. The company has a market capitalization of $32.94 million, a PE ratio of -1.77 and a beta of 1.27. The business’s 50-day simple moving average is $1.56 and its 200 day simple moving average is $1.67. Farmer Brothers has a 1-year low of $1.34 and a 1-year high of $3.29. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 0.46.

Farmer Brothers (NASDAQ:FARM) last issued its quarterly earnings results on Friday, February 13th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.08). The company had revenue of $88.92 million for the quarter, compared to analysts’ expectations of $90.47 million. Farmer Brothers had a negative return on equity of 29.51% and a negative net margin of 5.51%. On average, analysts predict that Farmer Brothers will post -0.37 earnings per share for the current year.

Farmer Brothers Company Profile

Farmer Brothers Company (NASDAQ: FARM) is a specialty coffee roaster and distributor that serves the foodservice, hospitality and office coffee markets across the United States. The company produces and delivers coffee, tea, single-serve products and beverage equipment, supporting its customers with supply chain solutions, equipment maintenance and barista training services. Its operations are organized to serve commercial accounts ranging from national restaurant chains and convenience stores to independent coffee shops and corporate offices.

Founded in 1912 in Texas, Farmer Brothers has grown from a regional roaster into a national supplier with a network of manufacturing and distribution facilities.