StockNews.com Initiates Coverage on Farmer Bros. (NASDAQ:FARM)

Equities research analysts at StockNews.com assumed coverage on shares of Farmer Bros. (NASDAQ:FARM) in a report released on Monday. The firm set a “hold” rating on the stock.

Farmer Bros. Trading Up 11.7 %

NASDAQ FARM opened at $2.20 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.58 and a current ratio of 1.32. The firm has a market cap of $46.98 million, a price-to-earnings ratio of -4.58 and a beta of 1.78. The firm has a 50 day simple moving average of $1.82 and a 200-day simple moving average of $2.08. Farmer Bros. has a one year low of $1.60 and a one year high of $3.86.

Farmer Bros. (NASDAQ:FARM) last posted its quarterly earnings data on Thursday, February 6th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.12) by $0.18. Farmer Bros. had a negative return on equity of 27.18% and a negative net margin of 2.92%. Equities research analysts anticipate that Farmer Bros. will post -0.62 EPS for the current fiscal year.

Hedge Funds Weigh In On Farmer Bros.

A number of institutional investors and hedge funds have recently made changes to their positions in FARM. Penn Capital Management Company LLC grew its holdings in Farmer Bros. by 28.6% during the 4th quarter. Penn Capital Management Company LLC now owns 1,327,831 shares of the company’s stock worth $2,390,000 after acquiring an additional 295,280 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Farmer Bros. by 7.2% during the 4th quarter. Renaissance Technologies LLC now owns 594,800 shares of the company’s stock worth $1,071,000 after purchasing an additional 40,200 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Farmer Bros. during the fourth quarter worth $69,000. Squarepoint Ops LLC increased its holdings in Farmer Bros. by 67.1% in the fourth quarter. Squarepoint Ops LLC now owns 69,270 shares of the company’s stock valued at $125,000 after buying an additional 27,805 shares during the last quarter. Finally, Prudential Financial Inc. purchased a new position in Farmer Bros. in the fourth quarter valued at $48,000. 64.48% of the stock is owned by institutional investors and hedge funds.

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.