Farmer Brothers Company (NASDAQ:FARM) Short Interest Update

Farmer Brothers Company (NASDAQ:FARM) was the recipient of a large decline in short interest during the month of February. As of February 27th, there was short interest totaling 29,304 shares, a decline of 70.9% from the February 12th total of 100,684 shares. Based on an average daily trading volume, of 54,844 shares, the short-interest ratio is currently 0.5 days. Approximately 0.1% of the company’s shares are sold short. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 54,844 shares, the short-interest ratio is currently 0.5 days.

Farmer Brothers Stock Performance

Shares of Farmer Brothers stock opened at $1.24 on Wednesday. The stock has a market capitalization of $26.95 million, a P/E ratio of -1.44 and a beta of 1.22. Farmer Brothers has a 52-week low of $1.22 and a 52-week high of $2.50. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.52 and a current ratio of 1.27. The stock’s 50-day simple moving average is $1.53 and its 200 day simple moving average is $1.64.

Farmer Brothers (NASDAQ:FARM) last posted its quarterly earnings results on Friday, February 13th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.08). The business had revenue of $88.92 million during the quarter, compared to the consensus estimate of $90.47 million. Farmer Brothers had a negative net margin of 5.51% and a negative return on equity of 30.38%. As a group, research analysts anticipate that Farmer Brothers will post -0.37 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on FARM. Zacks Research raised Farmer Brothers from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. Roth Mkm decreased their price target on shares of Farmer Brothers from $3.50 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Finally, Weiss Ratings restated a “sell (e+)” rating on shares of Farmer Brothers in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Farmer Brothers currently has an average rating of “Hold” and an average target price of $2.75.

Hedge Funds Weigh In On Farmer Brothers

Several hedge funds have recently bought and sold shares of the company. Panagora Asset Management Inc. bought a new stake in Farmer Brothers during the 2nd quarter worth approximately $26,000. XTX Topco Ltd lifted its stake in Farmer Brothers by 56.8% during the fourth quarter. XTX Topco Ltd now owns 34,442 shares of the company’s stock worth $50,000 after purchasing an additional 12,470 shares during the last quarter. Beartown Capital Management LLC purchased a new position in shares of Farmer Brothers in the 4th quarter worth about $79,000. Jane Street Group LLC lifted its holdings in shares of Farmer Brothers by 152.2% in the 1st quarter. Jane Street Group LLC now owns 41,129 shares of the company’s stock worth $91,000 after acquiring an additional 24,820 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its holdings in shares of Farmer Brothers by 54.2% in the fourth quarter. Bridgeway Capital Management LLC now owns 66,147 shares of the company’s stock worth $97,000 after buying an additional 23,247 shares during the period. Hedge funds and other institutional investors own 64.48% of the company’s stock.

About Farmer Brothers

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.