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.
Get Farmer Bros. alerts: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
(Get Rating)
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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