Farmer Bros. (NASDAQ:FARM) Coverage Initiated at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Farmer Bros. (NASDAQ:FARM) in a research report issued on Tuesday. The brokerage set a “hold” rating on the stock.

Farmer Bros. Stock Performance

NASDAQ:FARM opened at $2.86 on Tuesday. The stock has a 50-day simple moving average of $1.87 and a two-hundred day simple moving average of $2.08. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.60 and a current ratio of 1.28. Farmer Bros. has a 52-week low of $1.60 and a 52-week high of $3.86. The firm has a market capitalization of $61.07 million, a PE ratio of -5.96 and a beta of 1.78.

Farmer Bros. (NASDAQ:FARM) last announced its quarterly earnings data 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 return on equity of 27.45% and a negative net margin of 2.92%. Analysts forecast that Farmer Bros. will post -0.37 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. PFG Investments LLC purchased a new stake in Farmer Bros. in the 3rd quarter worth $33,000. Global Wealth Management Investment Advisory Inc. lifted 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 valued at $38,000 after acquiring an additional 7,000 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of Farmer Bros. by 5.8% in the third quarter. Geode Capital Management LLC now owns 209,288 shares of the company’s stock worth $414,000 after acquiring an additional 11,390 shares during the period. Prudential Financial Inc. purchased a new stake in shares of Farmer Bros. during the fourth quarter worth about $48,000. Finally, Renaissance Technologies LLC raised its stake in Farmer Bros. by 7.2% during the 4th 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. Hedge funds and other institutional investors own 64.48% of the company’s stock.

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.