Short Interest in Farmer Brothers Company (NASDAQ:FARM) Drops By 15.0%

Farmer Brothers Company (NASDAQ:FARM) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 313,608 shares, a drop of 15.0% from the March 31st total of 369,061 shares. Based on an average daily volume of 107,918 shares, the days-to-cover ratio is presently 2.9 days. Approximately 1.5% of the company’s shares are sold short.

Institutional Trading of Farmer Brothers

Hedge funds have recently modified their holdings of the stock. XTX Topco Ltd increased its stake in shares of Farmer Brothers by 56.8% in the 4th quarter. XTX Topco Ltd now owns 34,442 shares of the company’s stock valued at $50,000 after acquiring an additional 12,470 shares in the last quarter. Bridgeway Capital Management LLC increased its stake in shares of Farmer Brothers by 54.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 66,147 shares of the company’s stock valued at $97,000 after acquiring an additional 23,247 shares in the last quarter. Gabelli Funds LLC increased its stake in shares of Farmer Brothers by 2.3% in the 2nd quarter. Gabelli Funds LLC now owns 272,500 shares of the company’s stock valued at $373,000 after acquiring an additional 6,000 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Farmer Brothers by 253.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 68,833 shares of the company’s stock valued at $153,000 after acquiring an additional 49,374 shares in the last quarter. Finally, Jane Street Group LLC increased its stake in shares of Farmer Brothers by 152.2% in the 1st quarter. Jane Street Group LLC now owns 41,129 shares of the company’s stock valued at $91,000 after acquiring an additional 24,820 shares in the last quarter. Institutional investors own 64.48% of the company’s stock.

Farmer Brothers Stock Performance

NASDAQ:FARM opened at $1.29 on Friday. The company has a fifty day moving average of $1.29 and a 200-day moving average of $1.48. The firm has a market capitalization of $28.03 million, a P/E ratio of -1.50 and a beta of 1.12. The company has a quick ratio of 0.52, a current ratio of 1.27 and a debt-to-equity ratio of 0.60. Farmer Brothers has a twelve month low of $1.21 and a twelve month high of $2.48.

Farmer Brothers (NASDAQ:FARM) last released its quarterly earnings data on Friday, February 13th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.08). The company had revenue of $88.92 million during the quarter, compared to the consensus estimate of $90.47 million. Farmer Brothers had a negative net margin of 5.51% and a negative return on equity of 30.38%.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Farmer Brothers from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $2.75.

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.