Farmer Bros Co (NASDAQ:FARM) – Research analysts at B. Riley cut their Q4 2019 earnings per share estimates for Farmer Bros in a research note issued on Tuesday, February 12th. B. Riley analyst K. Anderson now anticipates that the company will earn $0.13 per share for the quarter, down from their prior estimate of $0.17.

A number of other equities research analysts have also issued reports on the stock. BidaskClub raised shares of Farmer Bros from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 24th. ValuEngine lowered shares of Farmer Bros from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Finally, Zacks Investment Research lowered shares of Farmer Bros from a “hold” rating to a “strong sell” rating in a research note on Friday, November 9th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $33.75.

Farmer Bros stock opened at $24.31 on Wednesday. The company has a market capitalization of $420.43 million, a P/E ratio of 186.92, a PEG ratio of 17.60 and a beta of 0.18. Farmer Bros has a 52 week low of $22.02 and a 52 week high of $33.95.

Farmer Bros (NASDAQ:FARM) last posted its quarterly earnings data on Monday, February 11th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.14). Farmer Bros had a negative return on equity of 0.57% and a negative net margin of 4.10%. The firm had revenue of $159.77 million during the quarter, compared to analyst estimates of $162.79 million.

Several large investors have recently modified their holdings of FARM. Capital Research Global Investors acquired a new stake in shares of Farmer Bros during the 3rd quarter valued at $17,899,000. Trigran Investments Inc. lifted its stake in shares of Farmer Bros by 20.6% in the 4th quarter. Trigran Investments Inc. now owns 1,729,685 shares of the company’s stock valued at $40,354,000 after purchasing an additional 295,753 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Farmer Bros by 12.8% in the 2nd quarter. BlackRock Inc. now owns 664,180 shares of the company’s stock valued at $20,291,000 after purchasing an additional 75,313 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Farmer Bros by 6.1% in the 3rd quarter. Russell Investments Group Ltd. now owns 524,393 shares of the company’s stock valued at $13,843,000 after purchasing an additional 30,254 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in shares of 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. 60.23% of the stock is owned by institutional investors.

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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