Farmer Bros. Co. (NASDAQ:FARM) Short Interest Down 31.3% in May

Farmer Bros. Co. (NASDAQ:FARM) saw a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 104,100 shares, a decline of 31.3% from the May 15th total of 151,500 shares. Based on an average daily volume of 145,900 shares, the short-interest ratio is currently 0.7 days. Approximately 0.7% of the company’s stock are short sold.

Farmer Bros. Stock Performance

Farmer Bros. stock opened at $1.51 on Tuesday. The company has a market cap of $32.55 million, a PE ratio of -3.15 and a beta of 1.50. Farmer Bros. has a 12 month low of $1.43 and a 12 month high of $3.29. The company has a fifty day moving average price of $1.65 and a two-hundred day moving average price of $1.92. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.28 and a quick ratio of 0.60.

Farmer Bros. (NASDAQ:FARM) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). The business had revenue of $82.05 million for the quarter, compared to the consensus estimate of $88.99 million. Farmer Bros. had a negative net margin of 2.92% and a negative return on equity of 27.45%. Research analysts expect that Farmer Bros. will post -0.37 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Wall Street Zen assumed coverage on shares of Farmer Bros. in a research report on Thursday, March 13th. They set a “hold” rating on the stock.

Institutional Trading of Farmer Bros.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in Farmer Bros. during the 4th quarter worth $29,000. XTX Topco Ltd bought a new stake in Farmer Bros. in the fourth quarter valued at $36,000. Prudential Financial Inc. acquired a new position in shares of Farmer Bros. during the fourth quarter valued at $48,000. Millennium Management LLC bought a new position in shares of Farmer Bros. during the fourth quarter worth about $69,000. Finally, Virtu Financial LLC increased its holdings in shares of Farmer Bros. by 143.2% in the 1st quarter. Virtu Financial LLC now owns 31,756 shares of the company’s stock worth $70,000 after acquiring an additional 18,699 shares during the period. 64.48% of the stock is currently owned by institutional investors and hedge funds.

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.