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.
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.
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.
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.
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