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.

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Several institutional investors have recently added to or reduced their stakes in FARM. Capital World Investors lifted its position in shares of Farmer Brothers by 150.7% during the 2nd quarter. Capital World Investors now owns 425,000 shares of the company’s stock valued at $12,856,000 after acquiring an additional 255,457 shares during the period. Picton Mahoney Asset Management lifted its position in shares of Farmer Brothers by 334.5% during the 3rd quarter. Picton Mahoney Asset Management now owns 224,200 shares of the company’s stock valued at $7,365,000 after acquiring an additional 172,600 shares during the period. Heartland Advisors Inc. lifted its position in shares of Farmer Brothers by 94.7% during the 2nd quarter. Heartland Advisors Inc. now owns 267,304 shares of the company’s stock valued at $8,086,000 after acquiring an additional 130,017 shares during the period. Kennedy Capital Management Inc. lifted its position in shares of Farmer Brothers by 176.3% during the 2nd quarter. Kennedy Capital Management Inc. now owns 202,009 shares of the company’s stock valued at $6,111,000 after acquiring an additional 128,903 shares during the period. Finally, Hodges Capital Management Inc. lifted its position in shares of Farmer Brothers by 951.0% during the 2nd quarter. Hodges Capital Management Inc. now owns 90,000 shares of the company’s stock valued at $2,722,000 after acquiring an additional 81,437 shares during the period. Institutional investors own 53.29% of the company’s stock.

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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