Farmer Brothers Company $FARM Shares Purchased by Goldman Sachs Group Inc.

Goldman Sachs Group Inc. lifted its stake in Farmer Brothers Company (NASDAQ:FARM) by 253.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 68,833 shares of the company’s stock after purchasing an additional 49,374 shares during the period. Goldman Sachs Group Inc. owned approximately 0.32% of Farmer Brothers worth $153,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in shares of Farmer Brothers in the fourth quarter valued at about $29,000. Virtu Financial LLC lifted its stake in shares of Farmer Brothers by 143.2% in the first quarter. Virtu Financial LLC now owns 31,756 shares of the company’s stock valued at $70,000 after purchasing an additional 18,699 shares during the period. Millennium Management LLC acquired a new stake in shares of Farmer Brothers in the fourth quarter valued at about $69,000. Squarepoint Ops LLC increased its holdings in Farmer Brothers by 67.1% during the 4th quarter. Squarepoint Ops LLC now owns 69,270 shares of the company’s stock valued at $125,000 after acquiring an additional 27,805 shares in the last quarter. Finally, North Star Investment Management Corp. purchased a new position in Farmer Brothers during the 1st quarter valued at about $302,000. Institutional investors and hedge funds own 64.48% of the company’s stock.

Analysts Set New Price Targets

Separately, Craig Hallum downgraded shares of Farmer Brothers from a “buy” rating to a “hold” rating and set a $2.50 target price for the company. in a report on Friday, September 12th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $2.50.

Farmer Brothers Stock Performance

Shares of NASDAQ FARM opened at $1.73 on Tuesday. The company has a market cap of $37.35 million, a PE ratio of -2.54 and a beta of 1.53. Farmer Brothers Company has a 12 month low of $1.34 and a 12 month high of $3.29. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.20 and a quick ratio of 0.50. The company has a 50-day simple moving average of $1.82 and a 200-day simple moving average of $1.73.

Farmer Brothers (NASDAQ:FARM) last issued its quarterly earnings results on Thursday, September 11th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.17. The business had revenue of $85.14 million during the quarter, compared to the consensus estimate of $81.66 million. Farmer Brothers had a negative net margin of 4.24% and a negative return on equity of 16.12%. On average, equities analysts anticipate that Farmer Brothers Company will post -0.37 earnings per share for the current year.

About Farmer Brothers

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.