Farmer Bros. (NASDAQ:FARM) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com initiated coverage on shares of Farmer Bros. (NASDAQ:FARM) in a research note issued on Saturday. The firm set a “hold” rating on the stock.

Farmer Bros. Price Performance

Shares of NASDAQ FARM opened at $1.73 on Friday. The firm has a market cap of $36.94 million, a PE ratio of -4.81 and a beta of 1.80. 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. has a 1-year low of $1.60 and a 1-year high of $3.86. The company has a fifty day moving average price of $1.86 and a 200 day moving average price of $2.15.

Farmer Bros. (NASDAQ:FARM) last announced its earnings results on Thursday, November 7th. The company reported ($0.24) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.01). The company had revenue of $85.07 million during the quarter, compared to analyst estimates of $84.80 million. Farmer Bros. had a negative return on equity of 35.41% and a negative net margin of 2.20%. During the same period in the previous year, the company posted ($0.06) earnings per share. Research analysts predict that Farmer Bros. will post -0.62 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Farmer Bros.

Large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in Farmer Bros. by 4.9% in 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. Renaissance Technologies LLC lifted its stake in Farmer Bros. by 1.4% in the 2nd quarter. Renaissance Technologies LLC now owns 559,500 shares of the company’s stock valued at $1,499,000 after purchasing an additional 7,600 shares during the last quarter. Sanders Morris Harris LLC lifted its stake in Farmer Bros. by 53.8% in the 3rd quarter. Sanders Morris Harris LLC now owns 154,283 shares of the company’s stock valued at $305,000 after purchasing an additional 54,000 shares during the last quarter. PFG Investments LLC acquired a new stake in Farmer Bros. in the 3rd quarter valued at about $33,000. Finally, Global Wealth Management Investment Advisory Inc. lifted its stake in Farmer Bros. by 58.3% in the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 19,000 shares of the company’s stock valued at $38,000 after purchasing an additional 7,000 shares during the last quarter. 64.48% of the stock is currently owned by institutional investors and hedge funds.

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.