StockNews.com downgraded shares of Farmer Bros. (NASDAQ:FARM – Get Rating) from a buy rating to a hold rating in a research report released on Wednesday morning.
Farmer Bros. Stock Performance
NASDAQ FARM opened at $5.48 on Wednesday. The stock has a 50-day simple moving average of $5.17 and a two-hundred day simple moving average of $5.65. The firm has a market capitalization of $103.16 million, a P/E ratio of -6.16 and a beta of 1.39. Farmer Bros. has a fifty-two week low of $4.33 and a fifty-two week high of $9.28. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.71 and a current ratio of 1.88.
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Farmer Bros. (NASDAQ:FARM – Get Rating) last released its quarterly earnings data on Thursday, September 1st. The company reported ($0.21) earnings per share for the quarter, beating analysts' consensus estimates of ($0.33) by $0.12. Farmer Bros. had a negative return on equity of 14.94% and a negative net margin of 3.33%. During the same quarter last year, the company posted ($0.53) earnings per share. On average, equities analysts forecast that Farmer Bros. will post -0.8 earnings per share for the current year.
Hedge Funds Weigh In On Farmer Bros.
Institutional investors and hedge funds have recently modified their holdings of the business. S. Muoio & CO. LLC purchased a new position in shares of Farmer Bros. in the 4th quarter valued at about $162,000. Gamco Investors INC. ET AL increased its stake in shares of Farmer Bros. by 4.1% in the 4th quarter. Gamco Investors INC. ET AL now owns 662,290 shares of the company's stock valued at $4,934,000 after purchasing an additional 26,000 shares in the last quarter. Teton Advisors Inc. increased its stake in shares of Farmer Bros. by 4.1% in the 4th quarter. Teton Advisors Inc. now owns 395,639 shares of the company's stock valued at $2,948,000 after purchasing an additional 15,639 shares in the last quarter. Azarias Capital Management L.P. increased its stake in shares of Farmer Bros. by 687.3% in the 1st quarter. Azarias Capital Management L.P. now owns 695,877 shares of the company's stock valued at $4,955,000 after purchasing an additional 607,488 shares in the last quarter. Finally, Kennedy Capital Management Inc. increased its stake in shares of Farmer Bros. by 43.7% in the 4th quarter. Kennedy Capital Management Inc. now owns 1,030,211 shares of the company's stock valued at $7,675,000 after purchasing an additional 313,045 shares in the last quarter. Hedge funds and other institutional investors own 70.06% of the company's stock.
Farmer Bros. Company Profile
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Farmer Bros. Co engages in the roasting, wholesale, equipment servicing, and distribution of coffee, tea, and culinary 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.
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