Farmer Brothers Company (NASDAQ:FARM) Short Interest Update
by Scott Moore · The Cerbat GemFarmer Brothers Company (NASDAQ:FARM – Get Free Report) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 29,304 shares, a decrease of 70.9% from the February 12th total of 100,684 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily volume of 54,844 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 54,844 shares, the days-to-cover ratio is currently 0.5 days. Approximately 0.1% of the shares of the stock are short sold.
Farmer Brothers Stock Performance
NASDAQ:FARM remained flat at $1.24 during trading hours on Thursday. The company’s stock had a trading volume of 392,827 shares, compared to its average volume of 329,706. Farmer Brothers has a 52 week low of $1.22 and a 52 week high of $2.50. The business’s 50-day simple moving average is $1.52 and its two-hundred day simple moving average is $1.63. The company has a current ratio of 1.27, a quick ratio of 0.52 and a debt-to-equity ratio of 0.60. The firm has a market cap of $26.95 million, a P/E ratio of -1.44 and a beta of 1.22.
Farmer Brothers (NASDAQ:FARM – Get Free Report) last released its earnings results on Friday, February 13th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.14) by ($0.08). The firm had revenue of $88.92 million during the quarter, compared to analysts’ expectations of $90.47 million. Farmer Brothers had a negative net margin of 5.51% and a negative return on equity of 30.38%. Equities analysts expect that Farmer Brothers will post -0.37 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
FARM has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Farmer Brothers in a research note on Monday, December 29th. Roth Mkm dropped their price target on shares of Farmer Brothers from $3.50 to $3.00 and set a “buy” rating on the stock in a research note on Wednesday, November 26th. Finally, Zacks Research raised shares of Farmer Brothers from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $2.75.
View Our Latest Analysis on Farmer Brothers
Institutional Investors Weigh In On Farmer Brothers
Several institutional investors and hedge funds have recently added to or reduced their stakes in FARM. Panagora Asset Management Inc. acquired a new stake in shares of Farmer Brothers in the second quarter valued at about $26,000. XTX Topco Ltd boosted its position 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 acquiring an additional 12,470 shares during the last quarter. Jane Street Group LLC boosted its position in Farmer Brothers by 152.2% during the first 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. Beartown Capital Management LLC purchased a new stake in Farmer Brothers during the 4th quarter valued at about $79,000. Finally, Bridgeway Capital Management LLC raised its holdings in Farmer Brothers by 54.2% in the 4th quarter. Bridgeway Capital Management LLC now owns 66,147 shares of the company’s stock valued at $97,000 after acquiring an additional 23,247 shares during the last quarter. Institutional investors and hedge funds 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.