Farmer Bros. (NASDAQ:FARM) Now Covered by Analysts at StockNews.com

StockNews.com began coverage on shares of Farmer Bros. (NASDAQ:FARM) in a research note issued on Tuesday. The firm set a “hold” rating on the stock.

Farmer Bros. Trading Up 1.7 %

Shares of NASDAQ FARM opened at $2.99 on Tuesday. Farmer Bros. has a twelve month low of $1.60 and a twelve month high of $3.86. The firm has a market cap of $63.85 million, a PE ratio of -6.23 and a beta of 1.78. The business has a fifty day simple moving average of $1.93 and a two-hundred day simple moving average of $2.09. The company has a quick ratio of 0.60, a current ratio of 1.28 and a debt-to-equity ratio of 0.56.

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

Hedge Funds Weigh In On Farmer Bros.

Hedge funds and other institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC lifted its holdings in Farmer Bros. by 67.1% during the fourth quarter. Squarepoint Ops LLC now owns 69,270 shares of the company’s stock worth $125,000 after buying an additional 27,805 shares during the period. Millennium Management LLC bought a new position in shares of Farmer Bros. in the 4th quarter worth $69,000. Jane Street Group LLC purchased a new stake in shares of Farmer Bros. during the 4th quarter worth $29,000. Penn Capital Management Company LLC boosted its position in Farmer Bros. by 28.6% during the fourth quarter. Penn Capital Management Company LLC now owns 1,327,831 shares of the company’s stock valued at $2,390,000 after purchasing an additional 295,280 shares in the last quarter. Finally, XTX Topco Ltd purchased a new position in Farmer Bros. in the fourth quarter valued at about $36,000. 64.48% of the stock is currently owned by institutional investors.

Farmer Bros. Company 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.