Farmer Bros Co (NASDAQ:FARM) has been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $34.67.
Several analysts have commented on FARM shares. BidaskClub raised shares of Farmer Bros from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 24th. ValuEngine lowered shares of Farmer Bros from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. Finally, Zacks Investment Research lowered shares of Farmer Bros from a “hold” rating to a “strong sell” rating in a research report on Friday, November 9th.
Farmer Bros stock traded down $0.02 during midday trading on Friday, hitting $24.58. 50,900 shares of the company’s stock were exchanged, compared to its average volume of 34,365. Farmer Bros has a 12 month low of $22.02 and a 12 month high of $33.95. The stock has a market cap of $417.32 million, a price-to-earnings ratio of 189.08, a PEG ratio of 17.56 and a beta of 0.18.
Farmer Bros (NASDAQ:FARM) last issued its earnings results on Wednesday, November 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.09). Farmer Bros had a negative return on equity of 0.57% and a negative net margin of 4.10%. The business had revenue of $147.44 million for the quarter, compared to the consensus estimate of $146.39 million. During the same quarter in the previous year, the company earned $0.05 earnings per share. The firm’s revenue was up 12.0% on a year-over-year basis. Research analysts predict that Farmer Bros will post 0.18 earnings per share for the current year.
Hedge funds have recently added to or reduced their stakes in the business. MetLife Investment Advisors LLC lifted its position in shares of Farmer Bros by 63.1% during the third quarter. MetLife Investment Advisors LLC now owns 6,469 shares of the company’s stock valued at $171,000 after buying an additional 2,502 shares during the last quarter. Beacon Pointe Wealth Advisors LLC purchased a new position in shares of Farmer Bros in the 4th quarter valued at approximately $239,000. Rhumbline Advisers raised its position in shares of Farmer Bros by 40.5% in the 4th quarter. Rhumbline Advisers now owns 15,243 shares of the company’s stock valued at $356,000 after purchasing an additional 4,392 shares during the last quarter. Assenagon Asset Management S.A. purchased a new position in shares of Farmer Bros in the 4th quarter valued at approximately $465,000. Finally, US Bancorp DE raised its position in shares of Farmer Bros by 5.8% in the 3rd quarter. US Bancorp DE now owns 45,448 shares of the company’s stock valued at $1,200,000 after purchasing an additional 2,500 shares during the last quarter. 60.41% of the stock is owned by institutional investors and hedge funds.
Farmer Bros Company Profile
Farmer Bros. Co engages in the manufacture, wholesale, and distribution of coffee, tea, and culinary products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavored and unflavored iced and hot teas; culinary products, including gelatins and puddings, soup bases, dressings, gravy and sauce mixes, pancake and biscuit mixes, jellies and preserves, and coffee-related products, such as coffee filters, sugar, and creamers; spices; and other beverages comprising cappuccino, cocoa, granitas, and ready-to-drink cold brew and iced coffee.
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