Farmer Bros. Co. (NASDAQ:FARM) Shares Sold by Hodges Capital Management Inc.

Hodges Capital Management Inc. decreased its holdings in shares of Farmer Bros. Co. (NASDAQ:FARM) by 36.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 37,500 shares of the company’s stock after selling 21,150 shares during the period. Hodges Capital Management Inc.’s holdings in Farmer Bros. were worth $68,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Sanders Morris Harris LLC boosted its stake in shares of Farmer Bros. by 53.8% in the third quarter. Sanders Morris Harris LLC now owns 154,283 shares of the company’s stock valued at $305,000 after buying an additional 54,000 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Farmer Bros. by 4.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 367,919 shares of the company’s stock worth $986,000 after purchasing an additional 17,327 shares in the last quarter. PFG Investments LLC acquired a new position in shares of Farmer Bros. during the 3rd quarter worth $33,000. Geode Capital Management LLC increased its holdings in shares of Farmer Bros. by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 209,288 shares of the company’s stock valued at $414,000 after purchasing an additional 11,390 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. boosted its holdings in Farmer Bros. by 58.3% during the third quarter. Global Wealth Management Investment Advisory Inc. now owns 19,000 shares of the company’s stock worth $38,000 after buying an additional 7,000 shares in the last quarter. 64.48% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on Farmer Bros. in a research note on Saturday. They issued a “hold” rating for the company.

Farmer Bros. Stock Performance

Shares of FARM opened at $1.81 on Tuesday. The company has a 50-day moving average of $1.86 and a two-hundred day moving average of $2.14. The stock has a market cap of $38.64 million, a P/E ratio of -5.03 and a beta of 1.78. Farmer Bros. Co. has a 12-month low of $1.60 and a 12-month high of $3.86. The company has a current ratio of 1.32, a quick ratio of 0.58 and a debt-to-equity ratio of 0.57.

Farmer Bros. (NASDAQ:FARM) last announced its earnings results on Thursday, November 7th. The company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of ($0.23) by ($0.01). Farmer Bros. had a negative net margin of 2.20% and a negative return on equity of 35.41%. The company had revenue of $85.07 million for the quarter, compared to analyst estimates of $84.80 million. During the same quarter last year, the company posted ($0.06) EPS. As a group, research analysts predict that Farmer Bros. Co. will post -0.62 EPS for the current fiscal year.

Farmer Bros. 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.