Farmer Brothers Company (NASDAQ:FARM) Sees Significant Decrease in Short Interest

Farmer Brothers Company (NASDAQ:FARM) was the recipient of a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 54,204 shares, a drop of 25.8% from the December 31st total of 73,014 shares. Based on an average daily trading volume, of 48,499 shares, the short-interest ratio is currently 1.1 days. Approximately 0.3% of the company’s shares are short sold. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 48,499 shares, the short-interest ratio is currently 1.1 days.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on FARM. Weiss Ratings reissued a “sell (e+)” rating on shares of Farmer Brothers in a research report on Monday, December 29th. Roth Mkm decreased their target price on Farmer Brothers from $3.50 to $3.00 and set a “buy” rating for the company in a report on Wednesday, November 26th. Finally, Zacks Research downgraded shares of Farmer Brothers from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 6th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $2.75.

Institutional Investors Weigh In On Farmer Brothers

Institutional investors and hedge funds have recently made changes to their positions in the company. Panagora Asset Management Inc. acquired a new stake in shares of Farmer Brothers in the 2nd quarter worth about $26,000. Game Plan Financial Advisors LLC bought a new position in Farmer Brothers in the 2nd quarter worth about $34,000. XTX Topco Ltd increased its stake in shares of Farmer Brothers by 210.2% in the second quarter. XTX Topco Ltd now owns 42,297 shares of the company’s stock valued at $58,000 after purchasing an additional 28,661 shares during the period. Jane Street Group LLC raised its holdings in shares of Farmer Brothers by 152.2% during the first quarter. Jane Street Group LLC now owns 41,129 shares of the company’s stock valued at $91,000 after buying an additional 24,820 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of Farmer Brothers by 253.7% during the first quarter. Goldman Sachs Group Inc. now owns 68,833 shares of the company’s stock worth $153,000 after buying an additional 49,374 shares during the period. 64.48% of the stock is owned by institutional investors and hedge funds.

Farmer Brothers Stock Down 4.6%

Shares of FARM stock traded down $0.08 on Friday, hitting $1.65. The stock had a trading volume of 32,534 shares, compared to its average volume of 53,347. The stock’s 50 day moving average is $1.54 and its 200-day moving average is $1.67. The firm has a market capitalization of $35.64 million, a price-to-earnings ratio of -2.62 and a beta of 1.27. Farmer Brothers has a 52-week low of $1.34 and a 52-week high of $3.29. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.46 and a current ratio of 1.24.

Farmer Brothers (NASDAQ:FARM) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.19) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.10). Farmer Brothers had a negative net margin of 4.00% and a negative return on equity of 13.80%. The business had revenue of $81.60 million during the quarter, compared to analysts’ expectations of $86.26 million. As a group, research analysts expect that Farmer Brothers will post -0.37 earnings per share for the current year.

Farmer Brothers Company Profile

Farmer Brothers Company (NASDAQ: FARM) is a specialty coffee roaster and distributor that serves the foodservice, hospitality and office coffee markets across the United States. The company produces and delivers coffee, tea, single-serve products and beverage equipment, supporting its customers with supply chain solutions, equipment maintenance and barista training services. Its operations are organized to serve commercial accounts ranging from national restaurant chains and convenience stores to independent coffee shops and corporate offices.

Founded in 1912 in Texas, Farmer Brothers has grown from a regional roaster into a national supplier with a network of manufacturing and distribution facilities.