Farmer Bros. Co. (NASDAQ:FARM) Insider Maurice S.J. Moragne Sells 13,250 Shares

Farmer Bros. Co. (NASDAQ:FARMGet Rating) insider Maurice S.J. Moragne sold 13,250 shares of the business’s stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $5.67, for a total value of $75,127.50. Following the completion of the sale, the insider now directly owns 63,621 shares of the company’s stock, valued at $360,731.07. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Farmer Bros. Stock Performance

Shares of FARM opened at $5.20 on Tuesday. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.75 and a current ratio of 2.01. The stock has a 50 day moving average price of $5.21 and a two-hundred day moving average price of $5.17. The firm has a market capitalization of $101.63 million, a P/E ratio of -4.56 and a beta of 1.47. Farmer Bros. Co. has a 52 week low of $4.33 and a 52 week high of $8.49.

Farmer Bros. (NASDAQ:FARMGet Rating) last issued its quarterly earnings data on Thursday, September 1st. The company reported ($0.21) EPS for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.12. The firm had revenue of $122.99 million during the quarter, compared to analyst estimates of $110.90 million. Farmer Bros. had a negative return on equity of 20.20% and a negative net margin of 4.27%. During the same period in the previous year, the company posted ($0.53) EPS. Equities analysts forecast that Farmer Bros. Co. will post -1.73 earnings per share for the current fiscal year.

Institutional Trading of Farmer Bros.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Gamco Investors INC. ET AL increased its holdings in Farmer Bros. by 4.9% during the 3rd quarter. Gamco Investors INC. ET AL now owns 796,090 shares of the company’s stock worth $3,734,000 after purchasing an additional 37,500 shares in the last quarter. Penn Capital Management Company LLC increased its holdings in Farmer Bros. by 29.6% during the 2nd quarter. Penn Capital Management Company LLC now owns 594,945 shares of the company’s stock worth $2,790,000 after purchasing an additional 135,835 shares in the last quarter. State Street Corp boosted its stake in shares of Farmer Bros. by 7.4% in the 2nd quarter. State Street Corp now owns 53,481 shares of the company’s stock worth $251,000 after buying an additional 3,700 shares during the last quarter. Teton Advisors Inc. boosted its stake in shares of Farmer Bros. by 2.8% in the 2nd quarter. Teton Advisors Inc. now owns 472,000 shares of the company’s stock worth $2,214,000 after buying an additional 13,000 shares during the last quarter. Finally, LPL Financial LLC boosted its stake in shares of Farmer Bros. by 125.2% in the 2nd quarter. LPL Financial LLC now owns 47,300 shares of the company’s stock worth $222,000 after buying an additional 26,300 shares during the last quarter. 70.06% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Farmer Bros. in a research report on Wednesday, October 12th. They issued a “hold” rating for the company.

About Farmer Bros.

(Get Rating)

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.

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