Farmer Bros Co (NASDAQ:FARM) has been assigned a consensus rating of “Hold” from the seven analysts that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $22.33.
A number of analysts have weighed in on FARM shares. B. Riley boosted their target price on shares of Lumentum from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, May 8th. Lake Street Capital cut their price target on shares of Farmer Bros from $36.00 to $26.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. BidaskClub cut shares of Zai Lab from a “strong-buy” rating to a “buy” rating in a research report on Friday. Roth Capital reaffirmed a “neutral” rating and set a $20.00 price target (down previously from $28.00) on shares of Farmer Bros in a research report on Wednesday, May 8th. Finally, ValuEngine cut shares of Virtu Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, June 18th.
In related news, major shareholder Levin Easterly Partners Llc bought 9,019 shares of Farmer Bros stock in a transaction dated Wednesday, May 1st. The stock was purchased at an average cost of $19.86 per share, with a total value of $179,117.34. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders have bought a total of 260,767 shares of company stock valued at $4,560,480 over the last three months. Insiders own 10.90% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of FARM. Hodges Capital Management Inc. bought a new position in shares of Farmer Bros during the first quarter worth $250,000. Deutsche Bank AG boosted its position in shares of Farmer Bros by 38.0% during the fourth quarter. Deutsche Bank AG now owns 37,083 shares of the company’s stock worth $863,000 after acquiring an additional 10,209 shares during the last quarter. Kennedy Capital Management Inc. boosted its position in shares of Farmer Bros by 10.1% during the first quarter. Kennedy Capital Management Inc. now owns 446,082 shares of the company’s stock worth $8,926,000 after acquiring an additional 40,869 shares during the last quarter. Gamco Investors INC. ET AL boosted its position in shares of Farmer Bros by 16.9% during the first quarter. Gamco Investors INC. ET AL now owns 103,700 shares of the company’s stock worth $2,075,000 after acquiring an additional 15,000 shares during the last quarter. Finally, Millennium Management LLC bought a new position in shares of Farmer Bros during the fourth quarter worth $225,000. Institutional investors and hedge funds own 65.32% of the company’s stock.
FARM stock traded up $0.20 during mid-day trading on Friday, hitting $16.63. 2,717 shares of the company were exchanged, compared to its average volume of 87,677. The business has a 50 day simple moving average of $17.30. The company has a quick ratio of 0.93, a current ratio of 2.03 and a debt-to-equity ratio of 0.74. The firm has a market cap of $282.70 million, a PE ratio of 127.85, a PEG ratio of 9.88 and a beta of 0.12. Farmer Bros has a 1-year low of $15.58 and a 1-year high of $30.20.
Farmer Bros (NASDAQ:FARM) last announced its quarterly earnings data on Tuesday, May 7th. The company reported ($3.05) EPS for the quarter, missing the consensus estimate of $0.06 by ($3.11). Farmer Bros had a negative net margin of 10.72% and a negative return on equity of 3.34%. The firm had revenue of $146.70 million for the quarter, compared to analyst estimates of $152.03 million. During the same quarter in the prior year, the firm earned ($0.20) earnings per share. The firm’s revenue for the quarter was down 7.1% on a year-over-year basis. Sell-side analysts predict that Farmer Bros will post -0.81 earnings per share for the current year.
Farmer Bros Company Profile
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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