Farmer Brothers Company (NASDAQ:FARM) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued to clients and investors 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. “

Other equities research analysts have also issued research reports about the stock. B. Riley reaffirmed a “buy” rating and set a $37.25 price target on shares of Farmer Brothers in a research report on Monday, July 10th. ValuEngine raised shares of Farmer Brothers from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd.

Shares of Farmer Brothers (NASDAQ FARM) traded up 0.95% during trading on Tuesday, reaching $31.80. 47,987 shares of the company’s stock were exchanged. The firm has a market cap of $531.06 million, a price-to-earnings ratio of 21.93 and a beta of 0.44. The stock has a 50-day moving average price of $31.55 and a 200 day moving average price of $32.03. Farmer Brothers has a 12 month low of $28.75 and a 12 month high of $37.55.

Farmer Brothers (NASDAQ:FARM) last released its quarterly earnings results on Thursday, September 28th. The company reported $0.19 EPS for the quarter, beating 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 firm had revenue of $133.80 million during 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 business’s revenue for the quarter was down .3% compared to the same quarter last year. On average, analysts forecast that Farmer Brothers will post $0.67 EPS for the current year.

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In related news, major shareholder Carol Farmer Waite sold 350,000 shares of the stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $29.60, for a total value of $10,360,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 9.20% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. Wellington Management Group LLP increased its holdings in Farmer Brothers by 62.8% in the 1st quarter. Wellington Management Group LLP now owns 1,337,166 shares of the company’s stock worth $47,269,000 after acquiring an additional 515,867 shares in the last quarter. Trigran Investments Inc. increased its holdings in Farmer Brothers by 3.6% in the 2nd quarter. Trigran Investments Inc. now owns 974,579 shares of the company’s stock worth $29,481,000 after acquiring an additional 33,806 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Farmer Brothers by 11.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 732,654 shares of the company’s stock worth $22,163,000 after acquiring an additional 74,796 shares in the last quarter. Vanguard Group Inc. increased its holdings in Farmer Brothers by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 534,948 shares of the company’s stock worth $16,182,000 after acquiring an additional 21,825 shares in the last quarter. Finally, Renaissance Technologies LLC increased its holdings in Farmer Brothers by 4.8% in the 2nd quarter. Renaissance Technologies LLC now owns 464,400 shares of the company’s stock worth $14,048,000 after acquiring an additional 21,200 shares in the last quarter. 54.20% of the stock is owned by 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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