Farmer Bros. Co. (NASDAQ:FARM) Director Purchases $26,200.00 in Stock

Farmer Bros. Co. (NASDAQ:FARM) Director David Pace bought 10,000 shares of the stock in a transaction on Friday, November 17th. The stock was purchased at an average cost of $2.62 per share, with a total value of $26,200.00. Following the purchase, the director now directly owns 41,252 shares of the company’s stock, valued at approximately $108,080.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Farmer Bros. Trading Down 4.6 %

NASDAQ:FARM traded down $0.12 during trading hours on Monday, hitting $2.50. The stock had a trading volume of 127,857 shares, compared to its average volume of 634,196. Farmer Bros. Co. has a one year low of $1.75 and a one year high of $5.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.66 and a current ratio of 1.37. The company has a market cap of $51.88 million, a price-to-earnings ratio of -0.71 and a beta of 1.63. The business’s 50 day moving average is $2.52 and its 200-day moving average is $2.55.

Farmer Bros. (NASDAQ:FARM) last issued its quarterly earnings data on Thursday, November 9th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.23. Farmer Bros. had a negative net margin of 17.23% and a negative return on equity of 74.24%. The company had revenue of $81.89 million during the quarter, compared to the consensus estimate of $85.00 million. During the same quarter in the prior year, the firm earned ($0.39) earnings per share. Sell-side analysts anticipate that Farmer Bros. Co. will post -0.84 EPS for the current fiscal year.

Institutional Investors Weigh In On Farmer Bros.

Large investors have recently made changes to their positions in the stock. Teton Advisors Inc. increased its position in shares of Farmer Bros. by 65.2% during the second quarter. Teton Advisors Inc. now owns 684,000 shares of the company’s stock worth $1,895,000 after acquiring an additional 270,000 shares in the last quarter. Tocqueville Asset Management L.P. increased its position in shares of Farmer Bros. by 0.5% during the first quarter. Tocqueville Asset Management L.P. now owns 954,550 shares of the company’s stock worth $3,685,000 after acquiring an additional 4,850 shares in the last quarter. Easterly Investment Partners LLC bought a new stake in shares of Farmer Bros. during the first quarter worth $46,000. Price T Rowe Associates Inc. MD increased its position in shares of Farmer Bros. by 65.2% during the third quarter. Price T Rowe Associates Inc. MD now owns 30,400 shares of the company’s stock worth $143,000 after acquiring an additional 12,000 shares in the last quarter. Finally, RBF Capital LLC acquired a new position in Farmer Bros. during the second quarter worth $115,000. Institutional investors own 63.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Farmer Bros. in a research note on Thursday, October 5th. They issued a “hold” rating for the company.

Farmer Bros. Company Profile

Farmer Bros. Co engages in the roasting, wholesale, equipment servicing, and distribution of coffee, tea, and other allied products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavoured and unflavoured iced and hot teas; culinary products, including spices, pancake and biscuit mixes, gravy and sauce mixes, soup bases, dressings, and syrups and sauces, as well as coffee filters, cups, sugar, and creamers; and other beverages comprising cappuccino, cocoa, granitas, and other blender-based beverages and concentrated and ready-to-drink cold brew and iced coffee.