Farmer Brothers Company (NASDAQ:FARM) Short Interest Update

Farmer Brothers Company (NASDAQ:FARM) saw a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 115,183 shares, a drop of 24.3% from the November 30th total of 152,249 shares. Currently, 0.6% of the company’s stock are short sold. Based on an average daily volume of 57,667 shares, the days-to-cover ratio is presently 2.0 days. Based on an average daily volume of 57,667 shares, the days-to-cover ratio is presently 2.0 days. Currently, 0.6% of the company’s stock are short sold.

Farmer Brothers Price Performance

NASDAQ:FARM traded down $0.06 during trading hours on Tuesday, hitting $1.42. 84,913 shares of the stock were exchanged, compared to its average volume of 285,086. Farmer Brothers has a 52-week low of $1.34 and a 52-week high of $3.29. The company has a current ratio of 1.24, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46. The firm’s fifty day moving average price is $1.57 and its 200 day moving average price is $1.65. The company has a market cap of $30.67 million, a P/E ratio of -2.25 and a beta of 1.24.

Farmer Brothers (NASDAQ:FARM) last posted its earnings results on Thursday, November 6th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). The business had revenue of $81.60 million during the quarter, compared to analysts’ expectations of $86.26 million. Farmer Brothers had a negative net margin of 4.00% and a negative return on equity of 13.80%. As a group, equities research analysts anticipate that Farmer Brothers will post -0.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Roth Capital decreased their target price on shares of Farmer Brothers from $3.50 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Craig Hallum lowered shares of Farmer Brothers from a “buy” rating to a “hold” rating and set a $2.50 price objective for the company. in a report on Friday, September 12th. Zacks Research lowered Farmer Brothers from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Farmer Brothers in a research report on Monday, December 15th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Farmer Brothers currently has a consensus rating of “Reduce” and an average target price of $2.75.

Hedge Funds Weigh In On Farmer Brothers

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Builder Investment Group Inc. ADV acquired a new stake in shares of Farmer Brothers during the 2nd quarter valued at about $685,000. Teton Advisors LLC bought a new stake in Farmer Brothers during the third quarter worth about $537,000. Sanders Morris Harris LLC increased its holdings in Farmer Brothers by 43.5% during the 3rd quarter. Sanders Morris Harris LLC now owns 218,238 shares of the company’s stock valued at $373,000 after purchasing an additional 66,200 shares in the last quarter. North Star Investment Management Corp. grew its holdings in Farmer Brothers by 44.9% during the 2nd quarter. North Star Investment Management Corp. now owns 197,000 shares of the company’s stock worth $270,000 after acquiring an additional 61,000 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Farmer Brothers by 253.7% in the first 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 during the last quarter. 64.48% of the stock is owned by hedge funds and other institutional investors.

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.