Farmer Brothers Company (NASDAQ:FARM) Short Interest Down 25.8% in January

Farmer Brothers Company (NASDAQ:FARM) saw a significant decline in short interest in January. As of January 15th, there was short interest totaling 54,204 shares, a decline of 25.8% from the December 31st total of 73,014 shares. Currently, 0.3% of the shares of the stock are short sold. Based on an average daily trading volume, of 48,499 shares, the short-interest ratio is currently 1.1 days. Based on an average daily trading volume, of 48,499 shares, the short-interest ratio is currently 1.1 days. Currently, 0.3% of the shares of the stock are short sold.

Analysts Set New Price Targets

A number of brokerages recently issued reports on FARM. Weiss Ratings reiterated a “sell (e+)” rating on shares of Farmer Brothers in a report on Monday, December 29th. Roth Mkm dropped their target price on Farmer Brothers from $3.50 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Finally, Zacks Research lowered shares of Farmer Brothers from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Farmer Brothers has an average rating of “Reduce” and a consensus target price of $2.75.

Institutional Investors Weigh In On Farmer Brothers

A number of hedge funds have recently bought and sold shares of FARM. Panagora Asset Management Inc. bought a new stake in shares of Farmer Brothers during the second quarter valued at approximately $26,000. Game Plan Financial Advisors LLC bought a new position in Farmer Brothers in the second quarter valued at about $34,000. XTX Topco Ltd raised its position in shares of Farmer Brothers by 210.2% during the 2nd quarter. XTX Topco Ltd now owns 42,297 shares of the company’s stock valued at $58,000 after acquiring an additional 28,661 shares during the last quarter. Jane Street Group LLC boosted its holdings in Farmer Brothers by 152.2% during the first quarter. Jane Street Group LLC now owns 41,129 shares of the company’s stock worth $91,000 after buying an additional 24,820 shares during the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in Farmer Brothers by 253.7% during the first quarter. Goldman Sachs Group Inc. now owns 68,833 shares of the company’s stock valued at $153,000 after purchasing an additional 49,374 shares during the period. 64.48% of the stock is currently owned by institutional investors.

Farmer Brothers Price Performance

Shares of FARM traded down $0.03 during mid-day trading on Monday, reaching $1.62. 72,765 shares of the company’s stock were exchanged, compared to its average volume of 53,347. The company has a quick ratio of 0.46, a current ratio of 1.24 and a debt-to-equity ratio of 0.46. The company has a market cap of $34.99 million, a price-to-earnings ratio of -2.57 and a beta of 1.27. The company has a 50-day simple moving average of $1.54 and a two-hundred day simple moving average of $1.68. Farmer Brothers has a 52-week low of $1.34 and a 52-week high of $3.29.

Farmer Brothers (NASDAQ:FARM) last released its quarterly earnings data on Thursday, November 6th. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.10). Farmer Brothers had a negative return on equity of 13.80% and a negative net margin of 4.00%.The business had revenue of $81.60 million during the quarter, compared to analyst estimates of $86.26 million. On average, sell-side analysts predict that Farmer Brothers will post -0.37 EPS for the current fiscal year.

Farmer Brothers Company Profile

Farmer Brothers Company (NASDAQ: FARM) is a specialty coffee roaster and distributor that serves the foodservice, hospitality and office coffee markets across the United States. The company produces and delivers coffee, tea, single-serve products and beverage equipment, supporting its customers with supply chain solutions, equipment maintenance and barista training services. Its operations are organized to serve commercial accounts ranging from national restaurant chains and convenience stores to independent coffee shops and corporate offices.

Founded in 1912 in Texas, Farmer Brothers has grown from a regional roaster into a national supplier with a network of manufacturing and distribution facilities.