StockNews.com Begins Coverage on Farmer Bros. (NASDAQ:FARM)

Equities research analysts at StockNews.com assumed coverage on shares of Farmer Bros. (NASDAQ:FARM) in a report released on Friday. The brokerage set a “hold” rating on the stock.

Farmer Bros. Price Performance

FARM stock opened at $1.70 on Friday. The firm has a 50 day moving average of $1.89 and a 200-day moving average of $2.19. The firm has a market capitalization of $36.30 million, a P/E ratio of -4.72 and a beta of 1.80. Farmer Bros. has a 12 month low of $1.60 and a 12 month high of $4.04. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.57.

Farmer Bros. (NASDAQ:FARM) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.01). Farmer Bros. had a negative return on equity of 35.41% and a negative net margin of 2.20%. The business had revenue of $85.07 million during the quarter, compared to analysts’ expectations of $84.80 million. During the same quarter last year, the business posted ($0.06) EPS. As a group, sell-side analysts predict that Farmer Bros. will post -0.62 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Farmer Bros.

Institutional investors and hedge funds have recently bought and sold shares of the stock. PFG Investments LLC bought a new stake in Farmer Bros. in the 3rd quarter worth approximately $33,000. Global Wealth Management Investment Advisory Inc. raised its stake in shares of Farmer Bros. by 58.3% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 19,000 shares of the company’s stock worth $38,000 after acquiring an additional 7,000 shares in the last quarter. Sanders Morris Harris LLC lifted its holdings in shares of Farmer Bros. by 53.8% in the 3rd quarter. Sanders Morris Harris LLC now owns 154,283 shares of the company’s stock worth $305,000 after acquiring an additional 54,000 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Farmer Bros. by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 209,288 shares of the company’s stock valued at $414,000 after purchasing an additional 11,390 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Farmer Bros. by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 367,919 shares of the company’s stock valued at $986,000 after purchasing an additional 17,327 shares during the last quarter. 64.48% of the stock is owned by hedge funds and other institutional investors.

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.