Farmer Brothers Co. (NASDAQ:FARM) has been assigned a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a strong buy rating.

Brokers have set a twelve-month consensus target price of $38.50 for the company and are expecting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Farmer Brothers an industry rank of 55 out of 265 based on the ratings given to related companies.

Several analysts recently issued reports on FARM shares. B. Riley reiterated a “buy” rating and issued a $37.25 price target on shares of Farmer Brothers in a report on Monday, August 28th. Zacks Investment Research downgraded Farmer Brothers from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. TheStreet upgraded Farmer Brothers from a “c+” rating to a “b-” rating in a research note on Wednesday, November 1st. Finally, ValuEngine raised Farmer Brothers from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd.

In related news, Director Christopher P. Mottern bought 2,000 shares of the firm’s stock in a transaction on Friday, November 10th. The stock was bought at an average price of $31.45 per share, with a total value of $62,900.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jeanne Farmer Grossman sold 5,122 shares of Farmer Brothers stock in a transaction on Monday, December 4th. The shares were sold at an average price of $34.44, for a total transaction of $176,401.68. Following the completion of the sale, the director now directly owns 16,973 shares of the company’s stock, valued at approximately $584,550.12. The disclosure for this sale can be found here. In the last 90 days, insiders acquired 6,000 shares of company stock worth $192,590 and sold 40,764 shares worth $1,319,029. Insiders own 9.20% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in FARM. Victory Capital Management Inc. increased its stake in Farmer Brothers by 17.7% in the second quarter. Victory Capital Management Inc. now owns 4,735 shares of the company’s stock valued at $143,000 after acquiring an additional 711 shares during the period. Nationwide Fund Advisors grew its stake in Farmer Brothers by 6.9% during the second quarter. Nationwide Fund Advisors now owns 5,825 shares of the company’s stock worth $176,000 after buying an additional 378 shares during the last quarter. Citigroup Inc. grew its stake in Farmer Brothers by 2,043.6% during the second quarter. Citigroup Inc. now owns 6,238 shares of the company’s stock worth $189,000 after buying an additional 5,947 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Farmer Brothers by 12.4% during the second quarter. The Manufacturers Life Insurance Company now owns 7,492 shares of the company’s stock worth $227,000 after purchasing an additional 829 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in shares of Farmer Brothers by 22.9% during the second quarter. Alliancebernstein L.P. now owns 7,517 shares of the company’s stock worth $227,000 after purchasing an additional 1,400 shares in the last quarter. 55.90% of the stock is owned by hedge funds and other institutional investors.

Shares of Farmer Brothers (FARM) traded down $0.30 during trading on Friday, hitting $34.20. The company’s stock had a trading volume of 55,530 shares, compared to its average volume of 66,830. Farmer Brothers has a one year low of $28.75 and a one year high of $37.35. The stock has a market cap of $584.46, a price-to-earnings ratio of 68.04 and a beta of 0.45.

Farmer Brothers (NASDAQ:FARM) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. Farmer Brothers had a return on equity of 4.13% and a net margin of 4.02%. The firm had revenue of $131.70 million during the quarter, compared to the consensus estimate of $131.09 million. During the same period in the prior year, the firm earned $0.21 EPS. The firm’s quarterly revenue was up .9% compared to the same quarter last year. equities research analysts expect that Farmer Brothers will post 0.72 earnings per share for the current fiscal year.

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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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