StockNews.com Initiates Coverage on Farmer Bros. (NASDAQ:FARM)

StockNews.com assumed coverage on shares of Farmer Bros. (NASDAQ:FARM) in a research report released on Sunday. The firm issued a hold rating on the stock.

Farmer Bros. Price Performance

Shares of NASDAQ:FARM opened at $2.00 on Friday. The company has a 50-day moving average price of $1.83 and a two-hundred day moving average price of $2.10. Farmer Bros. has a twelve month low of $1.60 and a twelve month high of $3.86. The company has a quick ratio of 0.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $42.70 million, a PE ratio of -4.17 and a beta of 1.78.

Farmer Bros. (NASDAQ:FARM) last issued its earnings results on Thursday, February 6th. The company reported $0.06 earnings per share (EPS) 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 27.18%. Equities analysts forecast that Farmer Bros. will post -0.62 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Prudential Financial Inc. bought a new stake in Farmer Bros. during the fourth quarter valued at $48,000. Dimensional Fund Advisors LP raised its holdings in shares of Farmer Bros. by 4.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 367,919 shares of the company’s stock valued at $986,000 after acquiring an additional 17,327 shares in the last quarter. PFG Investments LLC bought a new stake in shares of Farmer Bros. during the 3rd quarter valued at about $33,000. Geode Capital Management LLC grew its holdings in shares of Farmer Bros. by 5.8% during the third quarter. Geode Capital Management LLC now owns 209,288 shares of the company’s stock worth $414,000 after purchasing an additional 11,390 shares in the last quarter. Finally, Global Wealth Management Investment Advisory Inc. increased its position in shares of Farmer Bros. by 58.3% in the third quarter. Global Wealth Management Investment Advisory Inc. now owns 19,000 shares of the company’s stock worth $38,000 after purchasing an additional 7,000 shares during the last quarter. 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.