BidaskClub downgraded shares of Farmer Brothers (NASDAQ:FARM) from a sell rating to a strong sell rating in a report released on Thursday morning.

A number of other analysts also recently issued reports on FARM. B. Riley reiterated a buy rating and issued a $38.50 price target on shares of Farmer Brothers in a report on Wednesday, October 4th. Zacks Investment Research upgraded shares of Farmer Brothers from a sell rating to a hold rating and set a $35.00 price target on the stock in a report on Monday, November 6th. Finally, TheStreet upgraded shares of Farmer Brothers from a c+ rating to a b- rating in a report on Wednesday, November 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. Farmer Brothers presently has a consensus rating of Hold and a consensus target price of $36.75.

Shares of Farmer Brothers (NASDAQ:FARM) traded up $0.25 during mid-day trading on Thursday, hitting $31.40. 27,505 shares of the stock traded hands, compared to its average volume of 40,906. The company has a market cap of $528.87, a P/E ratio of 61.57 and a beta of 0.48. Farmer Brothers has a 12-month low of $28.75 and a 12-month high of $37.35.

Farmer Brothers (NASDAQ:FARM) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The company had revenue of $131.70 million for the quarter, compared to the consensus estimate of $131.09 million. Farmer Brothers had a net margin of 4.02% and a return on equity of 4.13%. Farmer Brothers’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.21 EPS. analysts predict that Farmer Brothers will post 0.72 earnings per share for the current year.

In related news, Director Charles F. Marcy purchased 1,000 shares of Farmer Brothers stock in a transaction on Tuesday, November 21st. The shares were bought at an average cost of $33.69 per share, for a total transaction of $33,690.00. Following the acquisition, the director now owns 4,577 shares in the company, valued at approximately $154,199.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeanne Farmer Grossman sold 5,122 shares of Farmer Brothers stock in a transaction on Monday, December 4th. The shares were sold at an average price of $34.44, for a total transaction of $176,401.68. Following the completion of the sale, the director now owns 16,973 shares in the company, valued at $584,550.12. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 6,000 shares of company stock worth $192,590 and sold 40,764 shares worth $1,319,029. Insiders own 9.20% of the company’s stock.

Large investors have recently modified their holdings of the business. Northern Trust Corp grew its stake in shares of Farmer Brothers by 2.1% in the 2nd quarter. Northern Trust Corp now owns 153,118 shares of the company’s stock worth $4,631,000 after buying an additional 3,210 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Farmer Brothers by 11.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 732,654 shares of the company’s stock worth $22,163,000 after buying an additional 74,796 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Farmer Brothers by 4.3% in the 2nd quarter. Vanguard Group Inc. now owns 534,948 shares of the company’s stock worth $16,182,000 after buying an additional 21,825 shares in the last quarter. Trigran Investments Inc. grew its stake in shares of Farmer Brothers by 2.5% in the 3rd quarter. Trigran Investments Inc. now owns 999,231 shares of the company’s stock worth $32,825,000 after buying an additional 24,652 shares in the last quarter. Finally, Hodges Capital Management Inc. grew its stake in shares of Farmer Brothers by 25.0% in the 3rd quarter. Hodges Capital Management Inc. now owns 112,500 shares of the company’s stock worth $3,696,000 after buying an additional 22,500 shares in the last quarter. 56.00% of the stock is owned by institutional investors and hedge funds.

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About Farmer Brothers

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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