Farmer Brothers Co. (FARM) Director Sells $46,457.18 in Stock

Farmer Brothers Co. (NASDAQ:FARM) Director Jeanne Farmer Grossman sold 1,358 shares of the stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $34.21, for a total value of $46,457.18. Following the sale, the director now owns 16,973 shares in the company, valued at $580,646.33. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Jeanne Farmer Grossman also recently made the following trade(s):

  • On Monday, December 4th, Jeanne Farmer Grossman sold 5,122 shares of Farmer Brothers stock. The stock was sold at an average price of $34.44, for a total value of $176,401.68.
  • On Monday, November 27th, Jeanne Farmer Grossman sold 1,524 shares of Farmer Brothers stock. The stock was sold at an average price of $33.42, for a total value of $50,932.08.
  • On Wednesday, November 29th, Jeanne Farmer Grossman sold 10,760 shares of Farmer Brothers stock. The stock was sold at an average price of $33.84, for a total value of $364,118.40.

Shares of Farmer Brothers Co. (FARM) traded down $0.15 during midday trading on Monday, reaching $34.25. The company’s stock had a trading volume of 67,823 shares, compared to its average volume of 66,759. The company has a market cap of $579.41, a price-to-earnings ratio of 67.45 and a beta of 0.45. Farmer Brothers Co. has a 52-week low of $28.75 and a 52-week high of $37.35.

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

A number of brokerages have recently weighed in on FARM. B. Riley reiterated a “buy” rating and set a $38.50 price target on shares of Farmer Brothers in a research report on Wednesday, November 8th. Zacks Investment Research raised Farmer Brothers from a “sell” rating to a “hold” rating and set a $35.00 price objective for the company in a report on Monday, November 6th. TheStreet raised Farmer Brothers from a “c+” rating to a “b-” rating in a report on Wednesday, November 1st. Finally, ValuEngine raised Farmer Brothers from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. lifted its holdings in shares of Farmer Brothers by 17.7% in the second quarter. Victory Capital Management Inc. now owns 4,735 shares of the company’s stock valued at $143,000 after purchasing an additional 711 shares in the last quarter. Nationwide Fund Advisors lifted its holdings in shares of Farmer Brothers by 6.9% in the second quarter. Nationwide Fund Advisors now owns 5,825 shares of the company’s stock valued at $176,000 after purchasing an additional 378 shares in the last quarter. Citigroup Inc. lifted its holdings in shares of Farmer Brothers by 2,043.6% in the second quarter. Citigroup Inc. now owns 6,238 shares of the company’s stock valued at $189,000 after purchasing an additional 5,947 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Farmer Brothers by 12.4% in the second quarter. The Manufacturers Life Insurance Company now owns 7,492 shares of the company’s stock valued at $227,000 after purchasing an additional 829 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in shares of Farmer Brothers by 22.9% in the second quarter. Alliancebernstein L.P. now owns 7,517 shares of the company’s stock valued at $227,000 after purchasing an additional 1,400 shares in the last quarter. 55.90% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION WARNING: “Farmer Brothers Co. (FARM) Director Sells $46,457.18 in Stock” was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are viewing this piece on another domain, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be read at https://www.chaffeybreeze.com/2017/12/04/farmer-brothers-co-farm-director-sells-46457-18-in-stock.html.

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.

Insider Buying and Selling by Quarter for Farmer Brothers (NASDAQ:FARM)

Receive News & Ratings for Farmer Brothers Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmer Brothers Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply