Farmer Brothers Company (FARM) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research downgraded shares of Farmer Brothers Company (NASDAQ:FARM) from a hold rating to a sell rating in a research report report published on Tuesday.

According to Zacks, “Farmer Bros. Co. is in the business of roasting, packaging and distributing coffee and allied products to restaurants, hotels, hospitals, convenience stores and fast food outlets. The company’s primary raw material is green coffee. Green coffee is purchased through domestic commodity brokers. Coffee is an agricultural commodity, and is subject to fluctuations of both price and supply. “

FARM has been the topic of a number of other research reports. ValuEngine raised shares of Farmer Brothers from a sell rating to a hold rating in a report on Tuesday, August 22nd. B. Riley reissued a buy rating and set a $37.25 price objective on shares of Farmer Brothers in a report on Monday, September 11th.

Shares of Farmer Brothers (NASDAQ FARM) opened at 31.80 on Tuesday. The firm’s 50 day moving average is $31.60 and its 200-day moving average is $32.02. The company has a market capitalization of $531.06 million, a P/E ratio of 21.93 and a beta of 0.44. Farmer Brothers has a 52-week low of $28.75 and a 52-week high of $37.55.

Farmer Brothers (NASDAQ:FARM) last posted its earnings results on Thursday, September 28th. The company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.04. Farmer Brothers had a net margin of 4.51% and a return on equity of 6.94%. The business had revenue of $133.80 million for the quarter, compared to analyst estimates of $135.72 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The firm’s quarterly revenue was down .3% compared to the same quarter last year. Equities research analysts anticipate that Farmer Brothers will post $0.67 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Farmer Brothers Company (FARM) Downgraded by Zacks Investment Research to Sell” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/11/farmer-brothers-company-farm-downgraded-by-zacks-investment-research-to-sell.html.

In other Farmer Brothers news, major shareholder Carol Farmer Waite sold 350,000 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $29.60, for a total transaction of $10,360,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 9.20% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. Victory Capital Management Inc. bought a new stake in Farmer Brothers during the 1st quarter worth about $142,000. American International Group Inc. grew its holdings in Farmer Brothers by 7.0% during the 1st quarter. American International Group Inc. now owns 4,977 shares of the company’s stock worth $176,000 after acquiring an additional 326 shares during the last quarter. Nationwide Fund Advisors grew its holdings in Farmer Brothers by 8.7% during the 1st quarter. Nationwide Fund Advisors now owns 5,447 shares of the company’s stock worth $193,000 after acquiring an additional 438 shares during the last quarter. Trexquant Investment LP bought a new stake in Farmer Brothers during the 1st quarter worth about $205,000. Finally, Citigroup Inc. grew its holdings in Farmer Brothers by 2,043.6% during the 2nd quarter. Citigroup Inc. now owns 6,238 shares of the company’s stock worth $189,000 after acquiring an additional 5,947 shares during the last quarter. 54.20% of the stock is currently owned by hedge funds and other institutional investors.

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 b

According to Zacks, “Farmer Bros. Co. is in the business of roasting, packaging and distributing coffee and allied products to restaurants, hotels, hospitals, convenience stores and fast food outlets. The company’s primary raw material is green coffee. Green coffee is purchased through domestic commodity brokers. Coffee is an agricultural commodity, and is subject to fluctuations of both price and supply. “

FARM has been the topic of a number of other research reports. ValuEngine raised shares of Farmer Brothers from a sell rating to a hold rating in a report on Tuesday, August 22nd. B. Riley reissued a buy rating and set a $37.25 price objective on shares of Farmer Brothers in a report on Monday, September 11th.

Shares of Farmer Brothers (NASDAQ FARM) opened at 31.80 on Tuesday. The firm’s 50 day moving average is $31.60 and its 200-day moving average is $32.02. The company has a market capitalization of $531.06 million, a P/E ratio of 21.93 and a beta of 0.44. Farmer Brothers has a 52-week low of $28.75 and a 52-week high of $37.55.

Farmer Brothers (NASDAQ:FARM) last posted its earnings results on Thursday, September 28th. The company reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.04. Farmer Brothers had a net margin of 4.51% and a return on equity of 6.94%. The business had revenue of $133.80 million for the quarter, compared to analyst estimates of $135.72 million. During the same quarter in the prior year, the firm earned $0.23 EPS. The firm’s quarterly revenue was down .3% compared to the same quarter last year. Equities research analysts anticipate that Farmer Brothers will post $0.67 earnings per share for the current fiscal year.

ILLEGAL ACTIVITY WARNING: “Farmer Brothers Company (FARM) Downgraded by Zacks Investment Research to Sell” was published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this news story on another publication, it was illegally copied and republished in violation of United States & international copyright law. The legal version of this news story can be viewed at https://ledgergazette.com/2017/10/11/farmer-brothers-company-farm-downgraded-by-zacks-investment-research-to-sell.html.

In other Farmer Brothers news, major shareholder Carol Farmer Waite sold 350,000 shares of the stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $29.60, for a total transaction of $10,360,000.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 9.20% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the business. Victory Capital Management Inc. bought a new stake in Farmer Brothers during the 1st quarter worth about $142,000. American International Group Inc. grew its holdings in Farmer Brothers by 7.0% during the 1st quarter. American International Group Inc. now owns 4,977 shares of the company’s stock worth $176,000 after acquiring an additional 326 shares during the last quarter. Nationwide Fund Advisors grew its holdings in Farmer Brothers by 8.7% during the 1st quarter. Nationwide Fund Advisors now owns 5,447 shares of the company’s stock worth $193,000 after acquiring an additional 438 shares during the last quarter. Trexquant Investment LP bought a new stake in Farmer Brothers during the 1st quarter worth about $205,000. Finally, Citigroup Inc. grew its holdings in Farmer Brothers by 2,043.6% during the 2nd quarter. Citigroup Inc. now owns 6,238 shares of the company’s stock worth $189,000 after acquiring an additional 5,947 shares during the last quarter. 54.20% of the stock is currently owned by hedge funds and other institutional investors.

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.

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