Farmer Bros. Co. (NASDAQ:FARM) Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC grew its stake in shares of Farmer Bros. Co. (NASDAQ:FARM) by 67.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 69,270 shares of the company’s stock after acquiring an additional 27,805 shares during the period. Squarepoint Ops LLC owned about 0.32% of Farmer Bros. worth $125,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of FARM. Renaissance Technologies LLC grew its stake in Farmer Bros. by 7.2% in the 4th quarter. Renaissance Technologies LLC now owns 594,800 shares of the company’s stock worth $1,071,000 after acquiring an additional 40,200 shares during the period. Penn Capital Management Company LLC lifted its holdings in Farmer Bros. by 28.6% in the 4th quarter. Penn Capital Management Company LLC now owns 1,327,831 shares of the company’s stock worth $2,390,000 after buying an additional 295,280 shares in the last quarter. Prudential Financial Inc. acquired a new position in Farmer Bros. in the 4th quarter worth $48,000. XTX Topco Ltd acquired a new stake in shares of Farmer Bros. in the 4th quarter valued at about $36,000. Finally, Jane Street Group LLC acquired a new stake in shares of Farmer Bros. in the 4th quarter valued at about $29,000. 64.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Wall Street Zen started coverage on shares of Farmer Bros. in a research report on Thursday, March 13th. They issued a “hold” rating for the company.

Farmer Bros. Stock Performance

NASDAQ:FARM opened at $1.50 on Tuesday. The firm’s 50-day moving average is $1.68 and its 200-day moving average is $1.95. Farmer Bros. Co. has a 52-week low of $1.43 and a 52-week high of $3.29. The company has a debt-to-equity ratio of 0.56, a quick ratio of 0.60 and a current ratio of 1.28. The company has a market cap of $32.33 million, a price-to-earnings ratio of -3.13 and a beta of 1.50.

Farmer Bros. (NASDAQ:FARM) last released its quarterly earnings results on Thursday, May 8th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.06). The firm had revenue of $82.05 million during the quarter, compared to analyst estimates of $88.99 million. Farmer Bros. had a negative net margin of 2.92% and a negative return on equity of 27.45%. Equities research analysts anticipate that Farmer Bros. Co. will post -0.37 earnings per share for the current year.

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.