StockNews.com started coverage on shares of Farmer Bros. (NASDAQ:FARM - Free Report) in a research report report published on Tuesday. The brokerage issued a hold rating on the stock.
Farmer Bros. Stock Performance
Shares of FARM stock traded up $0.01 on Tuesday, reaching $3.01. The stock had a trading volume of 358,343 shares, compared to its average volume of 1,056,593. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.60 and a current ratio of 1.28. Farmer Bros. has a 1 year low of $1.60 and a 1 year high of $3.86. The stock has a market cap of $64.28 million, a P/E ratio of -6.27 and a beta of 1.78. The company has a 50 day simple moving average of $1.96 and a 200 day simple moving average of $2.10.
Farmer Bros. (NASDAQ:FARM - Get Free Report) last announced its earnings results on Thursday, February 6th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.12) by $0.18. Farmer Bros. had a negative return on equity of 27.45% and a negative net margin of 2.92%. Equities research analysts expect that Farmer Bros. will post -0.37 EPS for the current year.
Institutional Inflows and Outflows
Several institutional investors have recently added to or reduced their stakes in FARM. Jane Street Group LLC purchased a new stake in shares of Farmer Bros. in the 4th quarter worth $29,000. PFG Investments LLC purchased a new stake in Farmer Bros. in the third quarter worth about $33,000. Global Wealth Management Investment Advisory Inc. raised its stake in shares of Farmer Bros. by 58.3% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 19,000 shares of the company's stock worth $38,000 after buying an additional 7,000 shares during the period. XTX Topco Ltd purchased a new position in shares of Farmer Bros. during the 4th quarter valued at about $36,000. Finally, Prudential Financial Inc. bought a new position in shares of Farmer Bros. during the 4th quarter valued at approximately $48,000. 64.48% of the stock is currently owned by institutional investors.
About Farmer Bros.
(
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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.
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