Farmer Bros. (NASDAQ:FARM) Trading Down 2% – Should You Sell?

Farmer Bros. Co. (NASDAQ:FARM)’s stock price dropped 2% during mid-day trading on Thursday . The company traded as low as $1.93 and last traded at $1.97. Approximately 62,366 shares traded hands during mid-day trading, a decline of 14% from the average daily volume of 72,621 shares. The stock had previously closed at $2.01.

Analyst Ratings Changes

A number of research firms have recently commented on FARM. Roth Mkm lowered their target price on Farmer Bros. from $6.00 to $4.50 and set a “buy” rating on the stock in a research note on Wednesday, September 18th. StockNews.com lowered shares of Farmer Bros. from a “buy” rating to a “hold” rating in a research report on Monday, September 16th.

Farmer Bros. Price Performance

The firm has a 50 day moving average price of $2.00 and a two-hundred day moving average price of $2.40. The company has a market cap of $40.41 million, a P/E ratio of -5.28 and a beta of 1.78. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.58 and a current ratio of 1.32.

Farmer Bros. (NASDAQ:FARM) last posted its earnings results on Thursday, November 7th. The company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.01). The business had revenue of $85.07 million during the quarter, compared to analysts’ expectations of $84.80 million. Farmer Bros. had a negative return on equity of 35.41% and a negative net margin of 2.20%. During the same quarter in the previous year, the business earned ($0.06) EPS. On average, analysts predict that Farmer Bros. Co. will post -0.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Farmer Bros.

Several institutional investors have recently made changes to their positions in the stock. Global Wealth Management Investment Advisory Inc. increased its holdings in Farmer Bros. by 58.3% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 19,000 shares of the company’s stock worth $38,000 after acquiring an additional 7,000 shares during the period. Renaissance Technologies LLC grew 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 valued at $1,499,000 after purchasing an additional 7,600 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Farmer Bros. by 5.8% in the third quarter. Geode Capital Management LLC now owns 209,288 shares of the company’s stock worth $414,000 after purchasing an additional 11,390 shares during the period. PFG Investments LLC purchased a new stake in shares of Farmer Bros. in the third quarter worth $33,000. Finally, Dimensional Fund Advisors LP boosted its stake in Farmer Bros. by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 367,919 shares of the company’s stock valued at $986,000 after buying an additional 17,327 shares during the period. Hedge funds and other institutional investors 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.