Farmer Bros. Co. (NASDAQ:FARM – Get 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:FARM – Get 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.
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.
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.
- Get a free copy of the StockNews.com research report on Farmer Bros. (FARM)
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