Farmer Bros Co (NASDAQ:FARM) fell 1.5% during trading on Monday . The company traded as low as $19.17 and last traded at $19.80. 2,049 shares traded hands during mid-day trading, a decline of 98% from the average session volume of 86,407 shares. The stock had previously closed at $20.10.
A number of brokerages have recently commented on FARM. ValuEngine raised Farmer Bros from a “sell” rating to a “hold” rating in a research report on Wednesday, April 3rd. BidaskClub downgraded Farmer Bros from a “sell” rating to a “strong sell” rating in a research report on Tuesday, March 5th. Finally, Zacks Investment Research downgraded Farmer Bros from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 14th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $33.75.
The firm has a market cap of $361.30 million, a price-to-earnings ratio of 152.31 and a beta of 0.15. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.00 and a quick ratio of 0.93.
Institutional investors have recently modified their holdings of the stock. North Star Investment Management Corp. lifted its stake in shares of Farmer Bros by 20.7% during the fourth quarter. North Star Investment Management Corp. now owns 93,150 shares of the company’s stock worth $2,173,000 after purchasing an additional 16,000 shares in the last quarter. Beacon Pointe Wealth Advisors LLC acquired a new position in shares of Farmer Bros during the fourth quarter worth about $239,000. MetLife Investment Advisors LLC lifted its stake in shares of Farmer Bros by 63.1% during the third quarter. MetLife Investment Advisors LLC now owns 6,469 shares of the company’s stock worth $171,000 after purchasing an additional 2,502 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in shares of Farmer Bros during the fourth quarter worth about $465,000. Finally, Capital Research Global Investors acquired a new position in shares of Farmer Bros during the third quarter worth about $17,899,000. Hedge funds and other institutional investors own 60.08% of the company’s stock.
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Farmer Bros Company Profile (NASDAQ:FARM)
Farmer Bros. Co engages in the manufacture, wholesale, and distribution of coffee, tea, and culinary products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavored and unflavored iced and hot teas; culinary products, including gelatins and puddings, soup bases, dressings, gravy and sauce mixes, pancake and biscuit mixes, jellies and preserves, and coffee-related products, such as coffee filters, sugar, and creamers; spices; and other beverages comprising cappuccino, cocoa, granitas, and ready-to-drink cold brew and iced coffee.
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