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

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

Farmer Bros. Price Performance

NASDAQ FARM opened at $2.23 on Thursday. The company has a quick ratio of 0.60, a current ratio of 1.28 and a debt-to-equity ratio of 0.56. Farmer Bros. has a 12-month low of $1.60 and a 12-month high of $3.76. The company has a market capitalization of $47.62 million, a PE ratio of -4.65 and a beta of 1.76. The firm’s 50 day moving average is $2.12 and its 200-day moving average is $2.10.

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%. Equities research analysts anticipate that Farmer Bros. will post -0.37 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Farmer Bros.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC grew 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 valued at $414,000 after buying an additional 11,390 shares in the last quarter. Millennium Management LLC bought a new position in shares of Farmer Bros. in the fourth quarter valued at $69,000. Squarepoint Ops LLC grew its stake in shares of Farmer Bros. by 67.1% in the fourth quarter. Squarepoint Ops LLC now owns 69,270 shares of the company’s stock valued at $125,000 after buying an additional 27,805 shares in the last quarter. Jane Street Group LLC bought a new position in Farmer Bros. during the fourth quarter worth $29,000. Finally, XTX Topco Ltd bought a new position in Farmer Bros. during the fourth quarter worth $36,000. 64.48% of the stock is owned by institutional investors.

Farmer Bros. Company Profile

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.