BidaskClub Downgrades Farmer Bros (FARM) to Sell

BidaskClub downgraded shares of Farmer Bros (NASDAQ:FARM) from a hold rating to a sell rating in a report published on Monday, February 4th.

A number of other equities analysts have also weighed in on the stock. ValuEngine lowered shares of Farmer Bros from a buy rating to a hold rating in a research report on Tuesday, January 15th. Zacks Investment Research lowered shares of Farmer Bros from a hold rating to a strong sell rating in a research report on Friday, November 9th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Hold and an average target price of $33.75.

Shares of FARM traded up $0.14 during mid-day trading on Monday, reaching $23.99. The stock had a trading volume of 36,607 shares, compared to its average volume of 52,111. The firm has a market cap of $407.83 million, a P/E ratio of 184.54 and a beta of 0.18. Farmer Bros has a 12 month low of $22.02 and a 12 month high of $33.80. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.00 and a quick ratio of 0.93.

Farmer Bros (NASDAQ:FARM) last posted its quarterly earnings results on Monday, February 11th. The company reported ($0.12) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.14). The firm had revenue of $159.77 million during the quarter, compared to the consensus estimate of $162.79 million. Farmer Bros had a negative return on equity of 2.67% and a negative net margin of 2.74%. Equities analysts anticipate that Farmer Bros will post -0.11 earnings per share for the current year.

A number of large investors have recently modified their holdings of FARM. Legal & General Group Plc lifted its holdings in shares of Farmer Bros by 44.3% during the fourth quarter. Legal & General Group Plc now owns 2,365 shares of the company’s stock worth $55,000 after purchasing an additional 726 shares during the period. Portolan Capital Management LLC grew its holdings in Farmer Bros by 0.3% during the fourth quarter. Portolan Capital Management LLC now owns 268,589 shares of the company’s stock worth $6,266,000 after purchasing an additional 887 shares during the period. Schwab Charles Investment Management Inc. grew its holdings in Farmer Bros by 3.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 54,501 shares of the company’s stock worth $1,666,000 after purchasing an additional 1,788 shares during the period. Bank of America Corp DE grew its holdings in Farmer Bros by 39.3% during the fourth quarter. Bank of America Corp DE now owns 7,573 shares of the company’s stock worth $177,000 after purchasing an additional 2,137 shares during the period. Finally, US Bancorp DE grew its holdings in Farmer Bros by 5.8% during the third quarter. US Bancorp DE now owns 45,448 shares of the company’s stock worth $1,200,000 after purchasing an additional 2,500 shares during the period. Institutional investors own 63.29% of the company’s stock.

About Farmer Bros

Farmer Bros. Co engages in the manufacture, wholesale, and distribution of coffee, tea, and culinary products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavored and unflavored iced and hot teas; culinary products, including gelatins and puddings, soup bases, dressings, gravy and sauce mixes, pancake and biscuit mixes, jellies and preserves, and coffee-related products, such as coffee filters, sugar, and creamers; spices; and other beverages comprising cappuccino, cocoa, granitas, and ready-to-drink cold brew and iced coffee.

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