Farmer Brothers Company (NASDAQ:FARM) Short Interest Update

by · The Cerbat Gem

Farmer Brothers Company (NASDAQ:FARM – Get Free Report) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totaling 73,014 shares, a drop of 36.6% from the December 15th total of 115,183 shares. Based on an average trading volume of 96,315 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 96,315 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Investors Weigh In On Farmer Brothers

A number of institutional investors have recently bought and sold shares of FARM. Builder Investment Group Inc. ADV purchased a new stake in shares of Farmer Brothers during the 2nd quarter valued at $685,000. Teton Advisors LLC acquired a new position in Farmer Brothers during the third quarter valued at approximately $537,000. Sanders Morris Harris LLC boosted its position in Farmer Brothers by 43.5% during the 3rd quarter. Sanders Morris Harris LLC now owns 218,238 shares of the company’s stock worth $373,000 after purchasing an additional 66,200 shares during the period. North Star Investment Management Corp. boosted its position in shares of Farmer Brothers by 44.9% in the second quarter. North Star Investment Management Corp. now owns 197,000 shares of the company’s stock worth $270,000 after buying an additional 61,000 shares during the period. Finally, Goldman Sachs Group Inc. grew its stake in shares of Farmer Brothers by 253.7% in the first quarter. Goldman Sachs Group Inc. now owns 68,833 shares of the company’s stock valued at $153,000 after buying an additional 49,374 shares in the last quarter. 64.48% of the stock is currently owned by hedge funds and other institutional investors.

Farmer Brothers Price Performance

Shares of NASDAQ:FARM traded down $0.01 on Friday, hitting $1.56. The company had a trading volume of 20,919 shares, compared to its average volume of 66,746. The company has a current ratio of 1.24, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46. The company has a market cap of $33.70 million, a PE ratio of -2.48 and a beta of 1.24. Farmer Brothers has a 52-week low of $1.34 and a 52-week high of $3.29. The business has a 50 day moving average of $1.52 and a 200 day moving average of $1.66.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on FARM shares. Roth Capital decreased their price target on Farmer Brothers from $3.50 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Zacks Research lowered Farmer Brothers from a “hold” rating to a “strong sell” rating in a report on Thursday, November 6th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Farmer Brothers in a research note on Monday, December 29th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $2.75.

Read Our Latest Report on FARM

Farmer Brothers Company Profile

(Get Free Report)

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.

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