Farmer Brothers (NASDAQ:FARM) was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Friday.

FARM has been the subject of a number of other reports. Zacks Investment Research downgraded Farmer Brothers from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. TheStreet raised Farmer Brothers from a “c+” rating to a “b-” rating in a report on Wednesday, November 1st. B. Riley reissued a “buy” rating and issued a $38.50 price target on shares of Farmer Brothers in a report on Wednesday, November 8th. Finally, ValuEngine raised Farmer Brothers from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $36.75.

Shares of Farmer Brothers (NASDAQ:FARM) traded up $1.05 during trading hours on Friday, hitting $34.30. The company had a trading volume of 104,906 shares, compared to its average volume of 58,736. The company has a market cap of $595.97, a P/E ratio of 65.20 and a beta of 0.45. Farmer Brothers has a 52 week low of $28.75 and a 52 week high of $37.35.

Farmer Brothers (NASDAQ:FARM) last announced its quarterly earnings data 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. The company had revenue of $131.70 million during the quarter, compared to the consensus estimate of $131.09 million. Farmer Brothers had a return on equity of 4.13% and a net margin of 4.02%. The firm’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the company posted $0.21 EPS. sell-side analysts expect that Farmer Brothers will post 0.72 EPS for the current fiscal year.

In other news, Director Charles F. Marcy acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, November 21st. The shares were acquired at an average cost of $33.69 per share, with a total value of $33,690.00. Following the acquisition, the director now directly owns 4,577 shares of the company’s stock, valued at $154,199.13. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Jeanne Farmer Grossman sold 5,122 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $34.44, for a total value of $176,401.68. Following the sale, the director now directly owns 16,973 shares in the company, valued at $584,550.12. The disclosure for this sale can be found here. Over the last three months, insiders purchased 6,000 shares of company stock worth $192,590 and sold 40,764 shares worth $1,319,029. 9.20% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. raised its holdings in shares of Farmer Brothers by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,735 shares of the company’s stock worth $143,000 after acquiring an additional 711 shares in the last quarter. Nationwide Fund Advisors raised its holdings in shares of Farmer Brothers by 6.9% during the 2nd quarter. Nationwide Fund Advisors now owns 5,825 shares of the company’s stock worth $176,000 after acquiring an additional 378 shares in the last quarter. Citigroup Inc. raised its holdings in shares of Farmer Brothers by 2,043.6% during the 2nd quarter. Citigroup Inc. now owns 6,238 shares of the company’s stock worth $189,000 after acquiring an additional 5,947 shares in the last quarter. Alliancebernstein L.P. raised its holdings in shares of Farmer Brothers by 22.9% during the 2nd quarter. Alliancebernstein L.P. now owns 7,517 shares of the company’s stock worth $227,000 after acquiring an additional 1,400 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Farmer Brothers by 12.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,492 shares of the company’s stock worth $227,000 after acquiring an additional 829 shares in the last quarter. 55.90% of the stock is currently owned by institutional investors and hedge funds.

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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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