Farmer Brothers Company (FARM) Director Acquires $96,000.00 in Stock
Farmer Brothers Company (NASDAQ:FARM) Director Randy E. Clark acquired 3,000 shares of Farmer Brothers stock in a transaction dated Monday, November 13th. The stock was purchased at an average cost of $32.00 per share, for a total transaction of $96,000.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Farmer Brothers Company (NASDAQ:FARM) traded up $0.30 during trading on Tuesday, hitting $32.00. 48,700 shares of the company were exchanged, compared to its average volume of 67,616. Farmer Brothers Company has a 52 week low of $28.75 and a 52 week high of $37.55. The firm has a market cap of $533.93, a P/E ratio of 62.16 and a beta of 0.44.
Farmer Brothers (NASDAQ:FARM) last released its earnings results on Tuesday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.04. Farmer Brothers had a net margin of 4.02% and a return on equity of 4.13%. The company had revenue of $131.70 million for the quarter, compared to the consensus estimate of $131.09 million. During the same quarter in the previous year, the company earned $0.21 EPS. Farmer Brothers’s quarterly revenue was up .9% compared to the same quarter last year. analysts predict that Farmer Brothers Company will post 0.72 EPS for the current year.
FARM has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of Farmer Brothers from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. TheStreet raised shares of Farmer Brothers from a “c+” rating to a “b-” rating in a research note on Wednesday, November 1st. ValuEngine raised shares of Farmer Brothers from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, B. Riley reaffirmed a “buy” rating and issued a $38.50 price objective on shares of Farmer Brothers in a research note on Wednesday, November 8th.
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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