Farmer Bros. (NASDAQ:FARM) Downgraded by StockNews.com to “Hold”

Farmer Bros. (NASDAQ:FARM – Get Rating) was downgraded by StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

Separately, Zacks Investment Research raised shares of Farmer Bros. from a “sell” rating to a “hold” rating in a research note on Tuesday, April 5th.

Farmer Bros. stock opened at $5.32 on Thursday. The company’s fifty day moving average price is $6.58 and its 200 day moving average price is $6.72. Farmer Bros. has a 1 year low of $4.94 and a 1 year high of $13.08. The stock has a market capitalization of $98.14 million, a P/E ratio of -5.78 and a beta of 1.51. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.75 and a current ratio of 1.74.

A number of institutional investors and hedge funds have recently made changes to their positions in FARM. Morgan Stanley boosted its stake in Farmer Bros. by 4,759.4% during the 2nd quarter. Morgan Stanley now owns 87,956 shares of the company’s stock worth $1,116,000 after purchasing an additional 86,146 shares during the last quarter. Advisor Group Holdings Inc. boosted its stake in Farmer Bros. by 227.8% during the 3rd quarter. Advisor Group Holdings Inc. now owns 11,800 shares of the company’s stock worth $99,000 after purchasing an additional 8,200 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in Farmer Bros. by 599.4% during the 3rd quarter. Russell Investments Group Ltd. now owns 310,570 shares of the company’s stock worth $2,610,000 after purchasing an additional 266,162 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in Farmer Bros. during the 3rd quarter worth $85,000. Finally, Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Farmer Bros. during the 3rd quarter worth $98,000. 73.88% of the stock is currently owned by institutional investors.

Farmer Bros. Company Profile (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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