D. E. Shaw & Co. Inc. bought a new position in Farmer Bros Co (NASDAQ:FARM) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 12,764 shares of the company’s stock, valued at approximately $298,000. D. E. Shaw & Co. Inc. owned 0.08% of Farmer Bros as of its most recent filing with the SEC.

Other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE boosted its stake in shares of Farmer Bros by 39.3% in the fourth quarter. Bank of America Corp DE now owns 7,573 shares of the company’s stock worth $177,000 after buying an additional 2,137 shares during the last quarter. Two Sigma Advisers LP boosted its stake in shares of Farmer Bros by 166.7% in the fourth quarter. Two Sigma Advisers LP now owns 41,600 shares of the company’s stock worth $971,000 after buying an additional 26,000 shares during the last quarter. Two Sigma Investments LP boosted its stake in shares of Farmer Bros by 97.7% in the fourth quarter. Two Sigma Investments LP now owns 64,848 shares of the company’s stock worth $1,513,000 after buying an additional 32,051 shares during the last quarter. Portolan Capital Management LLC boosted its stake in shares of Farmer Bros by 0.3% in the fourth quarter. Portolan Capital Management LLC now owns 268,589 shares of the company’s stock worth $6,266,000 after buying an additional 887 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Farmer Bros by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 130,095 shares of the company’s stock worth $3,035,000 after buying an additional 8,701 shares during the last quarter. Hedge funds and other institutional investors own 60.08% of the company’s stock.

A number of analysts have recently commented on FARM shares. BidaskClub downgraded Farmer Bros from a “sell” rating to a “strong sell” rating in a research note on Tuesday, March 5th. ValuEngine downgraded Farmer Bros from a “buy” rating to a “hold” rating in a research note on Tuesday, January 15th. Finally, Zacks Investment Research downgraded Farmer Bros from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 14th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Farmer Bros presently has a consensus rating of “Hold” and a consensus target price of $33.75.

Shares of FARM stock opened at $19.84 on Tuesday. The company has a market cap of $361.30 million, a price-to-earnings ratio of 152.62 and a beta of 0.15. The company has a current ratio of 2.00, a quick ratio of 0.93 and a debt-to-equity ratio of 0.60. Farmer Bros Co has a 12-month low of $19.17 and a 12-month high of $31.50.

Farmer Bros (NASDAQ:FARM) last issued its quarterly earnings results on Monday, February 11th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.14). The business had revenue of $159.77 million for the quarter, compared to analysts’ expectations of $162.79 million. Farmer Bros had a negative return on equity of 2.67% and a negative net margin of 2.74%. On average, research analysts predict that Farmer Bros Co will post -0.11 EPS for the current year.

ILLEGAL ACTIVITY WARNING: “D. E. Shaw & Co. Inc. Takes Position in Farmer Bros Co (FARM)” was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2019/04/16/d-e-shaw-co-inc-takes-position-in-farmer-bros-co-farm.html.

About Farmer Bros

Farmer Bros. Co engages in the manufacture, wholesale, and distribution of coffee, tea, and culinary products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavored and unflavored iced and hot teas; culinary products, including gelatins and puddings, soup bases, dressings, gravy and sauce mixes, pancake and biscuit mixes, jellies and preserves, and coffee-related products, such as coffee filters, sugar, and creamers; spices; and other beverages comprising cappuccino, cocoa, granitas, and ready-to-drink cold brew and iced coffee.

Read More: Liquidity

Institutional Ownership by Quarter for Farmer Bros (NASDAQ:FARM)

Receive News & Ratings for Farmer Bros Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmer Bros and related companies with MarketBeat.com's FREE daily email newsletter.