Jeanne Farmer Grossman Sells 5,122 Shares of Farmer Brothers Co. (FARM) Stock

Farmer Brothers Co. (NASDAQ:FARM) Director Jeanne Farmer Grossman sold 5,122 shares of the stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $34.44, for a total value of $176,401.68. Following the sale, the director now owns 16,973 shares in the company, valued at $584,550.12. 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 Friday, December 1st, Jeanne Farmer Grossman sold 1,358 shares of Farmer Brothers stock. The stock was sold at an average price of $34.21, for a total value of $46,457.18.
  • 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.

Farmer Brothers Co. (FARM) opened at $34.55 on Wednesday. Farmer Brothers Co. has a fifty-two week low of $28.75 and a fifty-two week high of $37.35. The stock has a market capitalization of $576.88, a P/E ratio of 67.16 and a beta of 0.45.

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

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

FARM has been the topic of a number of research reports. 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. TheStreet upgraded Farmer Brothers from a “c+” rating to a “b-” rating in a research report on Wednesday, November 1st. Zacks Investment Research cut Farmer Brothers from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, ValuEngine upgraded Farmer Brothers from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd.

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Farmer Brothers Company Profile

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)

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