StockNews.com Upgrades Farmer Bros. (NASDAQ:FARM) to Hold

Farmer Bros. (NASDAQ:FARM) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a report issued on Thursday.

Farmer Bros. Price Performance

Shares of NASDAQ FARM opened at $2.65 on Thursday. The stock has a market cap of $53.95 million, a price-to-earnings ratio of -0.66 and a beta of 1.72. Farmer Bros. has a 52 week low of $1.75 and a 52 week high of $6.83. The company’s 50-day moving average price is $2.60 and its 200 day moving average price is $2.91. The company has a current ratio of 1.32, a quick ratio of 0.75 and a debt-to-equity ratio of 0.60.

Institutional Investors Weigh In On Farmer Bros.

A number of large investors have recently added to or reduced their stakes in the business. Gamco Investors INC. ET AL boosted its stake in shares of Farmer Bros. by 3.0% during the 4th quarter. Gamco Investors INC. ET AL now owns 819,800 shares of the company’s stock worth $3,779,000 after purchasing an additional 23,710 shares during the last quarter. Penn Capital Management Company LLC boosted its stake in shares of Farmer Bros. by 8.9% during the 4th quarter. Penn Capital Management Company LLC now owns 762,354 shares of the company’s stock worth $3,514,000 after purchasing an additional 62,144 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its stake in shares of Farmer Bros. by 1.3% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 428,707 shares of the company’s stock worth $1,976,000 after purchasing an additional 5,350 shares during the last quarter. Goldman Sachs Group Inc. acquired a new stake in shares of Farmer Bros. during the 1st quarter worth about $83,000. Finally, MML Investors Services LLC acquired a new stake in shares of Farmer Bros. during the 1st quarter worth about $40,000. 63.25% of the stock is owned by institutional investors and hedge funds.

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.