Farmer Bros. (NASDAQ:FARM) Lowered to “Hold” at StockNews.com

Farmer Bros. (NASDAQ:FARM) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

Separately, Craig Hallum began coverage on shares of Farmer Bros. in a report on Monday, June 17th. They issued a “buy” rating and a $6.00 target price on the stock.

Farmer Bros. Stock Performance

Farmer Bros. stock traded down $0.12 during mid-day trading on Monday, reaching $2.19. 163,290 shares of the company were exchanged, compared to its average volume of 65,449. The firm’s 50-day simple moving average is $2.68 and its two-hundred day simple moving average is $2.97. Farmer Bros. has a twelve month low of $2.15 and a twelve month high of $4.04. The firm has a market cap of $46.57 million, a PE ratio of -0.96 and a beta of 1.79. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.65 and a current ratio of 1.42.

Farmer Bros. (NASDAQ:FARM) last issued its quarterly earnings results on Thursday, September 12th. The company reported ($0.22) earnings per share for the quarter, hitting the consensus estimate of ($0.22). The firm had revenue of $84.40 million during the quarter, compared to the consensus estimate of $81.30 million. Farmer Bros. had a negative return on equity of 58.82% and a negative net margin of 13.46%. During the same period last year, the company earned ($0.84) earnings per share. Equities analysts predict that Farmer Bros. will post -0.66 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of FARM. Renaissance Technologies LLC boosted its position in shares of Farmer Bros. by 1.4% during the 2nd quarter. Renaissance Technologies LLC now owns 559,500 shares of the company’s stock worth $1,499,000 after purchasing an additional 7,600 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Farmer Bros. by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 367,919 shares of the company’s stock valued at $986,000 after purchasing an additional 17,327 shares during the period. Sanders Morris Harris LLC boosted its holdings in Farmer Bros. by 42.9% during the second quarter. Sanders Morris Harris LLC now owns 100,283 shares of the company’s stock worth $269,000 after buying an additional 30,122 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Farmer Bros. by 8.6% during the first quarter. Vanguard Group Inc. now owns 824,528 shares of the company’s stock worth $2,944,000 after buying an additional 65,277 shares during the period. Institutional investors and hedge funds own 64.48% of the company’s stock.

About Farmer Bros.

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.