Farmer Bros. (NASDAQ:FARM – Get Rating) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Wednesday.
Farmer Bros. Trading Down 7.0 %
Shares of FARM stock opened at $4.80 on Wednesday. The firm has a market capitalization of $88.55 million, a P/E ratio of -5.39 and a beta of 1.39. Farmer Bros. has a twelve month low of $4.33 and a twelve month high of $9.28. The stock's fifty day simple moving average is $5.09 and its 200 day simple moving average is $5.68. The company has a quick ratio of 0.71, a current ratio of 1.74 and a debt-to-equity ratio of 0.95.
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Farmer Bros. (NASDAQ:FARM – Get Rating) last posted its earnings results on Thursday, September 1st. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate 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 in the prior year, the company earned ($0.53) EPS. As a group, sell-side analysts predict that Farmer Bros. will post -0.77 EPS for the current fiscal year.
Hedge Funds Weigh In On Farmer Bros.
Hedge funds have recently added to or reduced their stakes in the company. S. Muoio & CO. LLC purchased a new position in Farmer Bros. during the fourth quarter valued at $162,000. Gamco Investors INC. ET AL increased its stake in 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 buying an additional 26,000 shares during the period. Teton Advisors Inc. grew its stake in shares of Farmer Bros. by 4.1% during the 4th quarter. Teton Advisors Inc. now owns 395,639 shares of the company's stock worth $2,948,000 after purchasing an additional 15,639 shares during the period. Azarias Capital Management L.P. lifted its holdings in 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. lifted its holdings in shares of Farmer Bros. by 43.7% during the 4th quarter. Kennedy Capital Management Inc. now owns 1,030,211 shares of the company's stock worth $7,675,000 after acquiring an additional 313,045 shares during the period. 70.06% 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 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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