Jeanne Farmer Grossman Sells 1,358 Shares of Farmer Brothers Co. (FARM) Stock

Farmer Brothers Co. (NASDAQ:FARM) Director Jeanne Farmer Grossman sold 1,358 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $34.21, for a total value of $46,457.18. Following the transaction, the director now owns 16,973 shares of the company’s stock, valued at $580,646.33. The transaction 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 Monday, December 4th, Jeanne Farmer Grossman sold 5,122 shares of Farmer Brothers stock. The stock was sold at an average price of $34.44, for a total value of $176,401.68.
  • 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. (NASDAQ FARM) opened at $34.55 on Wednesday. Farmer Brothers Co. has a 12 month low of $28.75 and a 12 month high of $37.35. The stock has a market capitalization of $576.88, a PE ratio of 67.16 and a beta of 0.45.

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

A number of equities analysts have recently weighed in on FARM shares. ValuEngine upgraded Farmer Brothers from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. B. Riley reiterated a “buy” rating and set a $37.25 price target on shares of Farmer Brothers in a report on Wednesday, August 23rd. Zacks Investment Research cut Farmer Brothers from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Finally, TheStreet upgraded Farmer Brothers from a “c+” rating to a “b-” rating in a report on Wednesday, November 1st.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. lifted its stake in Farmer Brothers by 0.6% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 40,301 shares of the company’s stock worth $1,220,000 after acquiring an additional 247 shares in the last quarter. Nationwide Fund Advisors lifted its stake in Farmer Brothers by 6.9% during the 2nd quarter. Nationwide Fund Advisors now owns 5,825 shares of the company’s stock worth $176,000 after acquiring an additional 378 shares in the last quarter. Suntrust Banks Inc. lifted its stake in Farmer Brothers by 8.3% during the 2nd quarter. Suntrust Banks Inc. now owns 8,396 shares of the company’s stock worth $253,000 after acquiring an additional 642 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Farmer Brothers by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,735 shares of the company’s stock worth $143,000 after acquiring an additional 711 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Farmer Brothers by 12.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,492 shares of the company’s stock worth $227,000 after acquiring an additional 829 shares in the last quarter. 55.90% of the stock is currently owned by hedge funds and other institutional investors.

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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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