Farmer Brothers Company (NASDAQ:FARM)‘s stock had its “buy” rating reiterated by B. Riley in a note issued to investors on Monday. They currently have a $37.25 target price on the stock. B. Riley’s price objective suggests a potential upside of 25.00% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. TheStreet downgraded shares of Farmer Brothers Company from a “b” rating to a “c+” rating in a report on Tuesday, May 30th. ValuEngine upgraded shares of Farmer Brothers Company from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Zacks Investment Research downgraded shares of Farmer Brothers Company from a “hold” rating to a “sell” rating in a report on Thursday, May 11th.

Farmer Brothers Company (NASDAQ:FARM) traded up 1.34% during mid-day trading on Monday, reaching $30.20. 62,669 shares of the company’s stock were exchanged. The company’s 50-day moving average is $31.03 and its 200 day moving average is $33.48. Farmer Brothers Company has a one year low of $29.16 and a one year high of $37.55. The firm has a market capitalization of $501.47 million, a P/E ratio of 4.70 and a beta of 0.48.

Farmer Brothers Company (NASDAQ:FARM) last issued its quarterly earnings results on Tuesday, May 9th. The company reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.03. Farmer Brothers Company had a return on equity of 7.55% and a net margin of 19.84%. The business had revenue of $138.20 million during the quarter, compared to analyst estimates of $136.88 million. The company’s revenue was up 2.8% on a year-over-year basis. Equities analysts predict that Farmer Brothers Company will post $0.66 earnings per share for the current fiscal year.

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Large investors have recently modified their holdings of the company. Wellington Management Group LLP boosted its stake in shares of Farmer Brothers Company by 62.8% in the first quarter. Wellington Management Group LLP now owns 1,337,166 shares of the company’s stock worth $47,269,000 after buying an additional 515,867 shares during the last quarter. Granite Investment Partners LLC boosted its stake in shares of Farmer Brothers Company by 187.5% in the third quarter. Granite Investment Partners LLC now owns 336,913 shares of the company’s stock worth $11,977,000 after buying an additional 219,709 shares during the last quarter. Northpointe Capital LLC purchased a new stake in shares of Farmer Brothers Company during the third quarter worth approximately $7,585,000. Heartland Advisors Inc. purchased a new stake in shares of Farmer Brothers Company during the first quarter worth approximately $4,853,000. Finally, Kennedy Capital Management Inc. purchased a new stake in shares of Farmer Brothers Company during the first quarter worth approximately $2,584,000. 50.46% of the stock is currently owned by institutional investors and hedge funds.

About Farmer Brothers Company

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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