Farmer Bros. (NASDAQ:FARM) Earns Hold Rating from Analysts at StockNews.com

StockNews.com initiated coverage on shares of Farmer Bros. (NASDAQ:FARM) in a research note published on Wednesday morning. The brokerage issued a hold rating on the stock.

Farmer Bros. Stock Performance

NASDAQ:FARM opened at $2.61 on Wednesday. The firm has a 50 day simple moving average of $2.04 and a 200-day simple moving average of $2.11. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.28 and a quick ratio of 0.60. The firm has a market cap of $55.73 million, a PE ratio of -5.44 and a beta of 1.78. Farmer Bros. has a 1-year low of $1.60 and a 1-year high of $3.85.

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

Institutional Investors Weigh In On Farmer Bros.

A number of institutional investors have recently bought and sold shares of FARM. Penn Capital Management Company LLC grew its holdings in Farmer Bros. by 28.6% in 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 during the period. Renaissance Technologies LLC grew its holdings in Farmer Bros. by 7.2% in the fourth quarter. Renaissance Technologies LLC now owns 594,800 shares of the company’s stock valued at $1,071,000 after purchasing an additional 40,200 shares during the period. Millennium Management LLC purchased a new stake in Farmer Bros. in the fourth quarter valued at approximately $69,000. Squarepoint Ops LLC grew its holdings in Farmer Bros. by 67.1% in the fourth quarter. Squarepoint Ops LLC now owns 69,270 shares of the company’s stock valued at $125,000 after purchasing an additional 27,805 shares during the period. Finally, Prudential Financial Inc. purchased a new stake in Farmer Bros. in the fourth quarter valued at approximately $48,000. 64.48% of the stock is currently owned by hedge funds and other institutional investors.

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.