Farmer Bros. (NASDAQ:FARM) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Farmer Bros. (NASDAQ:FARM) in a report released on Tuesday morning. The firm issued a hold rating on the stock.

Farmer Bros. Stock Performance

NASDAQ:FARM opened at $3.00 on Tuesday. The stock has a 50-day moving average price of $1.96 and a 200 day moving average price of $2.10. The stock has a market capitalization of $64.06 million, a P/E ratio of -6.25 and a beta of 1.78. Farmer Bros. has a 12-month low of $1.60 and a 12-month high of $3.86. The company has a current ratio of 1.28, a quick ratio of 0.60 and a debt-to-equity ratio of 0.56.

Farmer Bros. (NASDAQ:FARM) last announced its quarterly earnings data on Thursday, February 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.18. Farmer Bros. had a negative net margin of 2.92% and a negative return on equity of 27.45%. Equities research analysts forecast that Farmer Bros. will post -0.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Penn Capital Management Company LLC lifted its position in shares of Farmer Bros. by 28.6% in the fourth quarter. Penn Capital Management Company LLC now owns 1,327,831 shares of the company’s stock worth $2,390,000 after buying an additional 295,280 shares in the last quarter. Renaissance Technologies LLC grew its holdings in shares of Farmer Bros. by 7.2% in the fourth quarter. Renaissance Technologies LLC now owns 594,800 shares of the company’s stock valued at $1,071,000 after purchasing an additional 40,200 shares in the last quarter. Geode Capital Management LLC increased its position in 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 last quarter. Squarepoint Ops LLC raised its stake in Farmer Bros. by 67.1% during the fourth quarter. Squarepoint Ops LLC now owns 69,270 shares of the company’s stock valued at $125,000 after purchasing an additional 27,805 shares in the last quarter. Finally, Millennium Management LLC bought a new position in Farmer Bros. during the fourth quarter valued at $69,000. Institutional investors 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.