Brokerages Set Farmer Brothers (FARM) Target Price at $38.50

Farmer Brothers (NASDAQ:FARM) has earned an average rating of “Hold” from the six ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $39.75.

Several research firms recently issued reports on FARM. Roth Capital reissued a “buy” rating and issued a $41.00 target price on shares of Farmer Brothers in a research report on Thursday, March 8th. BidaskClub cut shares of Farmer Brothers from a “sell” rating to a “strong sell” rating in a research report on Friday, December 29th. Zacks Investment Research cut shares of Farmer Brothers from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Finally, TheStreet cut shares of Farmer Brothers from a “b-” rating to a “c” rating in a research report on Tuesday, February 6th.

How to Become a New Pot Stock Millionaire

In other Farmer Brothers news, Director Christopher P. Mottern purchased 1,500 shares of Farmer Brothers stock in a transaction on Wednesday, February 14th. The shares were purchased at an average cost of $30.26 per share, with a total value of $45,390.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeanne Farmer Grossman sold 20,000 shares of Farmer Brothers stock in a transaction that occurred on Wednesday, March 7th. The shares were sold at an average price of $31.80, for a total transaction of $636,000.00. Following the transaction, the director now directly owns 18,874 shares in the company, valued at $600,193.20. The disclosure for this sale can be found here. Insiders own 9.20% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. MetLife Investment Advisors LLC acquired a new position in shares of Farmer Brothers during the fourth quarter worth $128,000. The Manufacturers Life Insurance Company lifted its position in shares of Farmer Brothers by 12.4% during the second quarter. The Manufacturers Life Insurance Company now owns 7,492 shares of the company’s stock worth $227,000 after purchasing an additional 829 shares in the last quarter. Highbridge Capital Management LLC acquired a new position in shares of Farmer Brothers during the third quarter worth $303,000. Trexquant Investment LP acquired a new position in shares of Farmer Brothers during the third quarter worth $376,000. Finally, Wells Fargo & Company MN lifted its position in shares of Farmer Brothers by 48.5% during the third quarter. Wells Fargo & Company MN now owns 13,670 shares of the company’s stock worth $449,000 after purchasing an additional 4,466 shares in the last quarter. 56.28% of the stock is currently owned by institutional investors and hedge funds.

Shares of FARM traded down $0.20 during mid-day trading on Monday, hitting $29.90. The company had a trading volume of 73,336 shares, compared to its average volume of 75,588. Farmer Brothers has a 1-year low of $28.75 and a 1-year high of $37.35. The stock has a market capitalization of $508.68, a PE ratio of 42.71 and a beta of 0.47.

Farmer Brothers (NASDAQ:FARM) last released its earnings results on Tuesday, February 6th. The company reported ($1.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($1.27). Farmer Brothers had a positive return on equity of 4.43% and a negative net margin of 2.98%. The company had revenue of $167.37 million during the quarter, compared to analyst estimates of $161.62 million. During the same period in the prior year, the business posted $1.20 earnings per share. Farmer Brothers’s revenue was up 20.4% on a year-over-year basis. research analysts expect that Farmer Brothers will post -0.59 earnings per share for the current year.

WARNING: “Brokerages Set Farmer Brothers (FARM) Target Price at $38.50” was originally posted by Ticker Report and is owned by of Ticker Report. If you are accessing this piece on another publication, it was stolen and republished in violation of United States & international trademark and copyright laws. The correct version of this piece can be read at https://www.tickerreport.com/banking-finance/3339076/brokerages-set-farmer-brothers-farm-target-price-at-38-50.html.

About Farmer Brothers

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 iced coffee.

Receive News & Ratings for Farmer Brothers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmer Brothers and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Delaware Enhanced Global  Getting Positive Media Coverage, Report Shows
Delaware Enhanced Global Getting Positive Media Coverage, Report Shows
Loopring  Tops 24-Hour Volume of $31.91 Million
Loopring Tops 24-Hour Volume of $31.91 Million
RubleBit Price Tops $0.0043 on Major Exchanges
RubleBit Price Tops $0.0043 on Major Exchanges
RChain Trading 22.1% Higher  This Week
RChain Trading 22.1% Higher This Week
Contrasting Yandex  and Its Rivals
Contrasting Yandex and Its Rivals
Helios and Matheson Analytics  versus Donnelley Financial Solns  Critical Comparison
Helios and Matheson Analytics versus Donnelley Financial Solns Critical Comparison


Leave a Reply

© 2006-2018 Ticker Report. Google+.