Farmer Brothers Company (NASDAQ:FARM) Director Charles F. Marcy purchased 1,000 shares of the business’s stock in a transaction on Tuesday, November 21st. The shares were acquired at an average price of $33.69 per share, with a total value of $33,690.00. Following the completion of the transaction, the director now owns 4,577 shares of the company’s stock, valued at $154,199.13. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Farmer Brothers Company (FARM) traded down $0.05 during midday trading on Wednesday, reaching $33.00. 28,909 shares of the company’s stock traded hands, compared to its average volume of 67,385. Farmer Brothers Company has a twelve month low of $28.75 and a twelve month high of $37.55. The stock has a market capitalization of $555.83, a price-to-earnings ratio of 65.78 and a beta of 0.44.

Farmer Brothers (NASDAQ:FARM) last issued its quarterly earnings data on Tuesday, November 7th. The company reported $0.03 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.04. The firm had revenue of $131.70 million during the quarter, compared to the consensus estimate of $131.09 million. Farmer Brothers had a net margin of 4.02% and a return on equity of 4.13%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.21 earnings per share. equities research analysts forecast that Farmer Brothers Company will post 0.72 earnings per share for the current year.

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Several analysts have issued reports on FARM shares. B. Riley restated a “buy” rating and set a $37.25 price target on shares of Farmer Brothers in a research report on Monday, August 28th. Zacks Investment Research lowered shares of Farmer Brothers from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. TheStreet upgraded shares of Farmer Brothers from a “c+” rating to a “b-” rating in a research report on Wednesday, November 1st. Finally, ValuEngine upgraded shares of Farmer Brothers from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd.

Several large investors have recently modified their holdings of the company. Schwab Charles Investment Management Inc. raised its stake in shares of Farmer Brothers by 0.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 40,301 shares of the company’s stock valued at $1,220,000 after acquiring an additional 247 shares during the last quarter. American International Group Inc. raised its stake in shares of Farmer Brothers by 7.0% during the first quarter. American International Group Inc. now owns 4,977 shares of the company’s stock valued at $176,000 after acquiring an additional 326 shares during the last quarter. Nationwide Fund Advisors raised its stake in shares of Farmer Brothers by 6.9% during the second quarter. Nationwide Fund Advisors now owns 5,825 shares of the company’s stock valued at $176,000 after acquiring an additional 378 shares during the last quarter. Suntrust Banks Inc. raised its stake in shares of Farmer Brothers by 8.3% during the second quarter. Suntrust Banks Inc. now owns 8,396 shares of the company’s stock valued at $253,000 after acquiring an additional 642 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Farmer Brothers by 17.7% during the second quarter. Victory Capital Management Inc. now owns 4,735 shares of the company’s stock valued at $143,000 after acquiring an additional 711 shares during the last quarter. 53.54% of the stock is owned by hedge funds and other institutional investors.

About Farmer Brothers

Farmer Bros. Co is a national coffee roaster, wholesaler and distributor of coffee, tea and culinary products. The Company offers private brand and consumer-branded coffee products to small independent restaurants and foodservice operators, and institutional buyers. Its product line includes organic, Direct Trade, Direct Trade Verified Sustainable (DTVS) coffees and other coffees, iced and hot teas, cappuccino, spices, and baking/biscuit mixes.

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