Shares of Farmer Bros Co (NASDAQ:FARM) have been given an average rating of “Hold” by the seven research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $34.67.

A number of research analysts have issued reports on FARM shares. B. Riley decreased their target price on shares of Farmer Bros from $34.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, September 27th. BidaskClub lowered shares of Farmer Bros from a “sell” rating to a “strong sell” rating in a research report on Friday, September 7th. Finally, Zacks Investment Research lowered shares of Farmer Bros from a “hold” rating to a “strong sell” rating in a research report on Friday, November 9th.

Shares of NASDAQ:FARM traded up $0.20 on Tuesday, reaching $24.17. 99,200 shares of the company’s stock were exchanged, compared to its average volume of 67,887. Farmer Bros has a twelve month low of $23.02 and a twelve month high of $35.05. The firm has a market cap of $406.45 million, a PE ratio of 186.92, a PEG ratio of 17.10 and a beta of 0.22.

Farmer Bros (NASDAQ:FARM) last announced its earnings results on Wednesday, November 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.09). Farmer Bros had a negative return on equity of 0.57% and a negative net margin of 4.10%. The business had revenue of $147.44 million for the quarter, compared to analyst estimates of $146.39 million. During the same quarter in the previous year, the company earned $0.05 EPS. The business’s revenue for the quarter was up 12.0% on a year-over-year basis. Analysts forecast that Farmer Bros will post 0.18 earnings per share for the current fiscal year.

In related news, CEO Michael H. Keown sold 23,333 shares of the stock in a transaction that occurred on Monday, September 10th. The shares were sold at an average price of $28.03, for a total transaction of $654,023.99. Following the sale, the chief executive officer now owns 68,405 shares in the company, valued at approximately $1,917,392.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 10.90% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Trigran Investments Inc. boosted its position in shares of Farmer Bros by 21.5% during the 2nd quarter. Trigran Investments Inc. now owns 1,433,932 shares of the company’s stock worth $43,807,000 after acquiring an additional 254,184 shares in the last quarter. Levin Capital Strategies L.P. lifted its stake in Farmer Bros by 441.9% in the 2nd quarter. Levin Capital Strategies L.P. now owns 1,076,908 shares of the company’s stock valued at $32,900,000 after purchasing an additional 878,187 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Farmer Bros by 2.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 919,372 shares of the company’s stock valued at $24,271,000 after purchasing an additional 22,266 shares during the last quarter. Capital Research Global Investors bought a new position in Farmer Bros in the 3rd quarter valued at approximately $17,899,000. Finally, BlackRock Inc. lifted its stake in Farmer Bros by 0.8% in the 3rd quarter. BlackRock Inc. now owns 669,178 shares of the company’s stock valued at $17,665,000 after purchasing an additional 4,998 shares during the last quarter. Institutional investors and hedge funds own 59.57% of the company’s stock.

Farmer Bros Company Profile

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 cold brew and iced coffee.

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