Favorable News Coverage Somewhat Unlikely to Impact Farmer Brothers (FARM) Share Price
Media headlines about Farmer Brothers (NASDAQ:FARM) have trended positive on Tuesday, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Farmer Brothers earned a news sentiment score of 0.27 on Accern’s scale. Accern also gave headlines about the company an impact score of 46.3855700749764 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- At $32.7, Is It Time To Buy Farmer Bros Co (FARM)? (finance.yahoo.com)
- B. Riley Reiterates “Buy” Rating for Farmer Brothers Company (FARM) (americanbankingnews.com)
- The definitive guide to Los Angeles doughnut shops (latimes.com)
- ‘So far, so good’ on Oregon organic farm’s weed control plan (capitalpress.com)
- Bellbrook family farm to create fall festival (bizjournals.com)
Farmer Brothers (NASDAQ FARM) traded up 0.539% on Tuesday, hitting $32.625. The stock had a trading volume of 21,564 shares. The company has a 50-day moving average price of $31.44 and a 200-day moving average price of $32.30. The stock has a market capitalization of $541.74 million, a price-to-earnings ratio of 5.072 and a beta of 0.43. Farmer Brothers has a 1-year low of $28.90 and a 1-year high of $37.55.
FARM has been the subject of several recent research reports. ValuEngine raised Farmer Brothers from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. TheStreet downgraded Farmer Brothers from a “b” rating to a “c+” rating in a research note on Tuesday, May 30th. Finally, B. Riley reaffirmed a “buy” rating and issued a $37.25 price objective on shares of Farmer Brothers in a research note on Monday.
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In other Farmer Brothers news, major shareholder Carol Farmer Waite sold 350,000 shares of Farmer Brothers stock in a transaction that occurred on Friday, August 11th. The stock was sold at an average price of $29.60, for a total value of $10,360,000.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 9.20% of the stock is owned by insiders.
Farmer Brothers Company Profile
Farmer Bros. Co is a national coffee roaster, wholesaler and distributor of coffee, tea and culinary products. The Company offers private brand and consumer-branded coffee products to small independent restaurants and foodservice operators, and institutional buyers. Its product line includes organic, Direct Trade, Direct Trade Verified Sustainable (DTVS) coffees and other coffees, iced and hot teas, cappuccino, spices, and baking/biscuit mixes.
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