Farmer Bros. (NASDAQ:FARM) Upgraded by StockNews.com to Buy

Farmer Bros. (NASDAQ:FARM) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Farmer Bros. Price Performance

NASDAQ FARM traded down $0.02 during trading hours on Friday, reaching $3.13. The company’s stock had a trading volume of 58,884 shares, compared to its average volume of 79,668. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.67 and a current ratio of 1.42. The company’s 50-day moving average is $3.41 and its two-hundred day moving average is $3.19. Farmer Bros. has a fifty-two week low of $1.75 and a fifty-two week high of $4.04. The stock has a market cap of $65.95 million, a PE ratio of -1.11 and a beta of 1.77.

Farmer Bros. (NASDAQ:FARM) last released its quarterly earnings results on Thursday, February 8th. The company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.11. Farmer Bros. had a negative net margin of 14.91% and a negative return on equity of 65.75%. The business had revenue of $89.45 million for the quarter, compared to analyst estimates of $88.50 million. Analysts forecast that Farmer Bros. will post -0.74 EPS for the current year.

Institutional Trading of Farmer Bros.

Several institutional investors and hedge funds have recently made changes to their positions in FARM. Kestra Private Wealth Services LLC acquired a new position in Farmer Bros. in the 3rd quarter valued at about $31,000. Global Wealth Management Investment Advisory Inc. acquired a new stake in shares of Farmer Bros. during the 3rd quarter worth about $31,000. AE Wealth Management LLC purchased a new stake in shares of Farmer Bros. during the third quarter worth about $31,000. Hodges Capital Management Inc. acquired a new position in shares of Farmer Bros. in the third quarter valued at approximately $148,000. Finally, Sanders Morris Harris LLC purchased a new position in shares of Farmer Bros. during the first quarter valued at approximately $250,000. 64.48% of the stock is currently owned by hedge funds and other institutional investors.

Farmer Bros. Company Profile

Farmer Bros. Co engages in the roasting, wholesale, equipment servicing, and distribution of coffee, tea, and other allied products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavoured and unflavoured iced and hot teas; culinary products, including spices, pancake and biscuit mixes, gravy and sauce mixes, soup bases, dressings, and syrups and sauces, as well as coffee filters, cups, sugar, and creamers; and other beverages comprising cappuccino, cocoa, granitas, and other blender-based beverages and concentrated and ready-to-drink cold brew and iced coffee.