Jeanne Farmer Grossman Sells 1,524 Shares of Farmer Brothers Co. (FARM) Stock

Farmer Brothers Co. (NASDAQ:FARM) Director Jeanne Farmer Grossman sold 1,524 shares of the stock in a transaction on Monday, November 27th. The shares were sold at an average price of $33.42, for a total transaction of $50,932.08. Following the completion of the sale, the director now directly owns 16,973 shares in the company, valued at approximately $567,237.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Jeanne Farmer Grossman also recently made the following trade(s):

  • On Friday, December 1st, Jeanne Farmer Grossman sold 1,358 shares of Farmer Brothers stock. The shares were sold at an average price of $34.21, for a total transaction of $46,457.18.
  • On Monday, December 4th, Jeanne Farmer Grossman sold 5,122 shares of Farmer Brothers stock. The shares were sold at an average price of $34.44, for a total transaction of $176,401.68.
  • On Wednesday, November 29th, Jeanne Farmer Grossman sold 10,760 shares of Farmer Brothers stock. The shares were sold at an average price of $33.84, for a total transaction of $364,118.40.

Farmer Brothers Co. (NASDAQ:FARM) traded down $0.30 during mid-day trading on Friday, reaching $34.20. The company has a market cap of $576.04, a P/E ratio of 67.65 and a beta of 0.45. Farmer Brothers Co. has a 12-month low of $28.75 and a 12-month high of $37.35.

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

Several equities research analysts have recently weighed in on the stock. ValuEngine raised shares of Farmer Brothers from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Zacks Investment Research raised shares of Farmer Brothers from a “sell” rating to a “hold” rating and set a $35.00 target price on the stock in a research note on Monday, November 6th. B. Riley reissued a “buy” rating and issued a $38.50 target price on shares of Farmer Brothers in a research note on Wednesday, November 8th. Finally, TheStreet raised shares of Farmer Brothers from a “c+” rating to a “b-” rating in a research note on Wednesday, November 1st.

A number of hedge funds have recently bought and sold shares of FARM. Victory Capital Management Inc. increased its stake in Farmer Brothers by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,735 shares of the company’s stock worth $143,000 after buying an additional 711 shares during the period. American International Group Inc. increased its stake in Farmer Brothers by 7.0% in the 1st quarter. American International Group Inc. now owns 4,977 shares of the company’s stock worth $176,000 after buying an additional 326 shares during the period. Nationwide Fund Advisors increased its stake in Farmer Brothers by 6.9% in the 2nd quarter. Nationwide Fund Advisors now owns 5,825 shares of the company’s stock worth $176,000 after buying an additional 378 shares during the period. Citigroup Inc. increased its stake in Farmer Brothers by 2,043.6% in the 2nd quarter. Citigroup Inc. now owns 6,238 shares of the company’s stock worth $189,000 after buying an additional 5,947 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in Farmer Brothers by 12.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,492 shares of the company’s stock worth $227,000 after buying an additional 829 shares during the period. 55.90% of the stock is currently owned by institutional investors.

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About Farmer Brothers

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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