Farmer Bros. (NASDAQ:FARM) PT Lowered to $4.50 at Roth Mkm

Farmer Bros. (NASDAQ:FARM) had its price objective reduced by Roth Mkm from $6.00 to $4.50 in a research report sent to investors on Wednesday morning, Benzinga reports. They currently have a buy rating on the stock.

A number of other research firms also recently commented on FARM. Craig Hallum started coverage on shares of Farmer Bros. in a report on Monday, June 17th. They set a buy rating and a $6.00 price objective on the stock. StockNews.com downgraded shares of Farmer Bros. from a buy rating to a hold rating in a report on Monday, September 16th.

Farmer Bros. Stock Down 2.8 %

Shares of NASDAQ:FARM opened at $2.11 on Wednesday. The company has a market cap of $44.87 million, a price-to-earnings ratio of -0.92 and a beta of 1.79. The firm’s 50-day simple moving average is $2.63 and its 200-day simple moving average is $2.94. The company has a quick ratio of 0.65, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. Farmer Bros. has a fifty-two week low of $2.06 and a fifty-two week high of $4.04.

Farmer Bros. (NASDAQ:FARM) last released its quarterly earnings data on Thursday, September 12th. The company reported ($0.22) EPS for the quarter, hitting analysts’ consensus estimates of ($0.22). The firm had revenue of $84.40 million for the quarter, compared to the consensus estimate of $81.30 million. Farmer Bros. had a negative net margin of 13.46% and a negative return on equity of 58.82%. During the same quarter in the previous year, the firm earned ($0.84) earnings per share. As a group, equities research analysts predict that Farmer Bros. will post -0.66 earnings per share for the current year.

Institutional Trading of Farmer Bros.

Institutional investors and hedge funds have recently modified their holdings of the business. Sanders Morris Harris LLC purchased a new stake in shares of Farmer Bros. in the first quarter valued at about $250,000. Dimensional Fund Advisors LP lifted its holdings in shares of Farmer Bros. by 4.9% in the second quarter. Dimensional Fund Advisors LP now owns 367,919 shares of the company’s stock valued at $986,000 after purchasing an additional 17,327 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Farmer Bros. by 1.4% in the second quarter. Renaissance Technologies LLC now owns 559,500 shares of the company’s stock valued at $1,499,000 after buying an additional 7,600 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Farmer Bros. by 8.6% in the first quarter. Vanguard Group Inc. now owns 824,528 shares of the company’s stock valued at $2,944,000 after buying an additional 65,277 shares during the last quarter. Hedge funds and other institutional investors own 64.48% of the company’s stock.

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.