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

Equities researchers at StockNews.com initiated coverage on shares of Farmer Bros. (NASDAQ:FARM) in a research note issued on Thursday. The firm set a “hold” rating on the stock.

Farmer Bros. Stock Down 0.4 %

NASDAQ FARM opened at $2.22 on Thursday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.60 and a current ratio of 1.28. The firm has a 50-day simple moving average of $2.13 and a 200 day simple moving average of $2.09. Farmer Bros. has a twelve month low of $1.60 and a twelve month high of $3.76. The stock has a market cap of $47.41 million, a PE ratio of -4.63 and a beta of 1.76.

Farmer Bros. (NASDAQ:FARM) last released its earnings results on Thursday, February 6th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate 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, research analysts forecast that Farmer Bros. will post -0.37 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its stake in 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 during the period. Millennium Management LLC bought a new position in Farmer Bros. during the fourth quarter worth about $69,000. Squarepoint Ops LLC lifted its stake in Farmer Bros. by 67.1% during the fourth quarter. Squarepoint Ops LLC now owns 69,270 shares of the company’s stock worth $125,000 after purchasing an additional 27,805 shares during the period. Jane Street Group LLC bought a new position in Farmer Bros. during the fourth quarter worth about $29,000. Finally, XTX Topco Ltd acquired a new stake in shares of Farmer Bros. during the fourth quarter worth approximately $36,000. 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.