Farmer Bros. (NASDAQ:FARM) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of Farmer Bros. (NASDAQ:FARM) from a hold rating to a buy rating in a research note issued to investors on Friday.

Farmer Bros. Stock Performance

Shares of FARM opened at $3.13 on Friday. The firm’s 50-day simple moving average is $3.40 and its 200 day simple moving average is $3.20. The company has a current ratio of 1.42, a quick ratio of 0.67 and a debt-to-equity ratio of 0.54. Farmer Bros. has a 52 week low of $1.75 and a 52 week high of $4.04.

Farmer Bros. (NASDAQ:FARM) last posted its 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. The company had revenue of $89.45 million for the quarter, compared to the consensus estimate of $88.50 million. Farmer Bros. had a negative return on equity of 65.75% and a negative net margin of 14.91%. Sell-side analysts forecast that Farmer Bros. will post -0.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Farmer Bros.

Institutional investors have recently modified their holdings of the business. Penn Capital Management Company LLC boosted its holdings in Farmer Bros. by 1.2% in the 4th quarter. Penn Capital Management Company LLC now owns 869,757 shares of the company’s stock valued at $2,661,000 after purchasing an additional 10,110 shares during the period. Sanders Morris Harris LLC bought a new position in Farmer Bros. in the first quarter valued at approximately $250,000. Hodges Capital Management Inc. acquired a new position in Farmer Bros. during the third quarter valued at approximately $148,000. Kestra Private Wealth Services LLC boosted its holdings in shares of Farmer Bros. by 169.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 31,815 shares of the company’s stock valued at $97,000 after purchasing an additional 19,990 shares in the last quarter. Finally, AE Wealth Management LLC bought a new position in shares of Farmer Bros. in the 3rd quarter valued at $31,000. Institutional investors own 64.48% of the company’s stock.

About Farmer Bros.

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.