Short Interest in Farmer Bros. Co. (NASDAQ:FARM) Decreases By 17.3%

Farmer Bros. Co. (NASDAQ:FARMGet Rating) was the recipient of a significant decline in short interest in April. As of April 15th, there was short interest totalling 226,200 shares, a decline of 17.3% from the March 31st total of 273,600 shares. Based on an average daily volume of 115,400 shares, the short-interest ratio is presently 2.0 days. Currently, 1.8% of the shares of the stock are sold short.

Several equities research analysts recently commented on the company. StockNews.com raised Farmer Bros. from a “hold” rating to a “buy” rating in a report on Wednesday, April 27th. Zacks Investment Research raised Farmer Bros. from a “sell” rating to a “hold” rating in a report on Tuesday, April 5th.

NASDAQ FARM opened at $6.10 on Wednesday. Farmer Bros. has a 1 year low of $5.30 and a 1 year high of $13.08. The business’s fifty day moving average is $6.64 and its two-hundred day moving average is $6.83. The company has a quick ratio of 0.75, a current ratio of 1.74 and a debt-to-equity ratio of 0.82.

Farmer Bros. (NASDAQ:FARMGet Rating) last announced its earnings results on Thursday, February 3rd. The company reported ($0.31) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.04). Farmer Bros. had a negative return on equity of 30.50% and a negative net margin of 6.03%. The company had revenue of $118.45 million for the quarter, compared to analyst estimates of $115.80 million. During the same period last year, the firm earned ($0.19) earnings per share. On average, equities analysts anticipate that Farmer Bros. will post -1.02 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Easterly Investment Partners LLC acquired a new stake in shares of Farmer Bros. during the third quarter valued at approximately $1,061,000. Advisor Group Holdings Inc. raised its holdings in shares of Farmer Bros. by 227.8% during the third quarter. Advisor Group Holdings Inc. now owns 11,800 shares of the company’s stock valued at $99,000 after acquiring an additional 8,200 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Farmer Bros. during the third quarter valued at approximately $524,000. Teton Advisors Inc. raised its holdings in shares of Farmer Bros. by 19.5% during the third quarter. Teton Advisors Inc. now owns 380,000 shares of the company’s stock valued at $3,196,000 after acquiring an additional 62,000 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Farmer Bros. during the third quarter valued at approximately $98,000. Institutional investors own 73.88% of the company’s stock.

About Farmer Bros. (Get Rating)

Farmer Bros. Co engages in the roasting, wholesale, equipment servicing, and distribution of coffee, tea, and culinary 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.

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