Farmer Bros. (NASDAQ:FARM) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Farmer Bros. (NASDAQ:FARM - Free Report) in a report published on Wednesday. The brokerage issued a hold rating on the stock.

Farmer Bros. Stock Up 1.9 %

NASDAQ FARM traded up $0.05 on Wednesday, reaching $2.68. The stock had a trading volume of 256,513 shares, compared to its average volume of 225,536. The business has a 50 day moving average price of $2.08 and a 200 day moving average price of $2.11. The company has a current ratio of 1.28, a quick ratio of 0.60 and a debt-to-equity ratio of 0.56. Farmer Bros. has a 1 year low of $1.60 and a 1 year high of $3.85. The company has a market capitalization of $57.23 million, a price-to-earnings ratio of -5.58 and a beta of 1.77.

Farmer Bros. (NASDAQ:FARM - Get Free Report) last issued its earnings results on Thursday, February 6th. The company reported $0.06 EPS for the quarter, beating analysts' consensus estimates 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%. On average, analysts forecast that Farmer Bros. will post -0.37 EPS for the current fiscal year.

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Institutional Investors Weigh In On Farmer Bros.

Several institutional investors and hedge funds have recently modified their holdings of FARM. Penn Capital Management Company LLC increased its position in Farmer Bros. by 28.6% during the fourth quarter. Penn Capital Management Company LLC now owns 1,327,831 shares of the company's stock worth $2,390,000 after buying an additional 295,280 shares during the last quarter. Renaissance Technologies LLC boosted its stake in shares of Farmer Bros. by 7.2% during the 4th quarter. Renaissance Technologies LLC now owns 594,800 shares of the company's stock worth $1,071,000 after acquiring an additional 40,200 shares in the last quarter. Millennium Management LLC acquired a new position in shares of Farmer Bros. during the 4th quarter valued at about $69,000. Squarepoint Ops LLC increased its holdings in shares of Farmer Bros. by 67.1% during the 4th quarter. Squarepoint Ops LLC now owns 69,270 shares of the company's stock valued at $125,000 after acquiring an additional 27,805 shares during the last quarter. Finally, Prudential Financial Inc. acquired a new position in shares of Farmer Bros. during the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 64.48% of the company's stock.

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.