Farmer Bros. (NASDAQ:FARM) Downgraded by StockNews.com

StockNews.com downgraded shares of Farmer Bros. (NASDAQ:FARM) from a buy rating to a hold rating in a report issued on Monday morning.

Separately, Craig Hallum initiated coverage on Farmer Bros. in a research note on Monday, June 17th. They set a buy rating and a $6.00 price target on the stock.

Farmer Bros. Trading Up 1.9 %

NASDAQ:FARM opened at $2.17 on Monday. The stock has a market capitalization of $46.14 million, a price-to-earnings ratio of -0.95 and a beta of 1.79. Farmer Bros. has a 52 week low of $2.10 and a 52 week high of $4.04. The company has a quick ratio of 0.65, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The firm has a 50 day moving average of $2.65 and a 200 day moving average of $2.95.

Farmer Bros. (NASDAQ:FARM) last issued its quarterly earnings data on Thursday, September 12th. The company reported ($0.22) EPS for the quarter, meeting the consensus estimate of ($0.22). Farmer Bros. had a negative return on equity of 58.82% and a negative net margin of 13.46%. The firm had revenue of $84.40 million during the quarter, compared to analyst estimates of $81.30 million. During the same quarter in the prior year, the business posted ($0.84) EPS. As a group, sell-side analysts anticipate that Farmer Bros. will post -0.66 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Farmer Bros.

Several institutional investors and hedge funds have recently made changes to their positions in FARM. Vanguard Group Inc. lifted its position in Farmer Bros. by 8.6% during the 1st quarter. Vanguard Group Inc. now owns 824,528 shares of the company’s stock worth $2,944,000 after acquiring an additional 65,277 shares during the period. Renaissance Technologies LLC lifted its holdings in shares of Farmer Bros. by 1.4% during the second quarter. Renaissance Technologies LLC now owns 559,500 shares of the company’s stock worth $1,499,000 after purchasing an additional 7,600 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Farmer Bros. by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 367,919 shares of the company’s stock worth $986,000 after purchasing an additional 17,327 shares during the period. Finally, Sanders Morris Harris LLC boosted its position in Farmer Bros. by 42.9% in the second quarter. Sanders Morris Harris LLC now owns 100,283 shares of the company’s stock valued at $269,000 after buying an additional 30,122 shares during the last quarter. 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.