Farmer Brothers Company (NASDAQ:FARM) Short Interest Down 24.3% in December

Farmer Brothers Company (NASDAQ:FARM) was the recipient of a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 115,183 shares, a drop of 24.3% from the November 30th total of 152,249 shares. Currently, 0.6% of the company’s stock are sold short. Based on an average daily trading volume, of 57,667 shares, the short-interest ratio is currently 2.0 days. Based on an average daily trading volume, of 57,667 shares, the short-interest ratio is currently 2.0 days. Currently, 0.6% of the company’s stock are sold short.

Wall Street Analysts Forecast Growth

FARM has been the topic of several research analyst reports. Roth Capital dropped their price objective on shares of Farmer Brothers from $3.50 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Farmer Brothers in a report on Monday, December 15th. Zacks Research downgraded shares of Farmer Brothers from a “hold” rating to a “strong sell” rating in a research report on Thursday, November 6th. Finally, Craig Hallum lowered Farmer Brothers from a “buy” rating to a “hold” rating and set a $2.50 target price for the company. in a research report on Friday, September 12th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, Farmer Brothers currently has an average rating of “Reduce” and an average price target of $2.75.

Institutional Trading of Farmer Brothers

Several hedge funds have recently made changes to their positions in the company. Panagora Asset Management Inc. bought a new position in Farmer Brothers during the second quarter worth $26,000. Game Plan Financial Advisors LLC bought a new stake in shares of Farmer Brothers during the 2nd quarter worth about $34,000. XTX Topco Ltd grew its holdings in Farmer Brothers by 210.2% in the 2nd quarter. XTX Topco Ltd now owns 42,297 shares of the company’s stock valued at $58,000 after buying an additional 28,661 shares during the last quarter. Jane Street Group LLC increased its position in shares of Farmer Brothers by 152.2% during the first quarter. Jane Street Group LLC now owns 41,129 shares of the company’s stock valued at $91,000 after purchasing an additional 24,820 shares during the period. Finally, Goldman Sachs Group Inc. boosted its stake in Farmer Brothers by 253.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 68,833 shares of the company’s stock valued at $153,000 after buying an additional 49,374 shares in the last quarter. Hedge funds and other institutional investors own 64.48% of the company’s stock.

Farmer Brothers Stock Down 3.7%

FARM stock traded down $0.06 during trading on Tuesday, hitting $1.42. 84,913 shares of the stock traded hands, compared to its average volume of 285,086. The firm’s 50 day moving average is $1.57 and its two-hundred day moving average is $1.65. Farmer Brothers has a 1 year low of $1.34 and a 1 year high of $3.29. The stock has a market cap of $30.67 million, a price-to-earnings ratio of -2.25 and a beta of 1.24. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 0.46.

Farmer Brothers (NASDAQ:FARM) last announced its quarterly earnings data on Thursday, November 6th. The company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.10). The business had revenue of $81.60 million during the quarter, compared to analysts’ expectations of $86.26 million. Farmer Brothers had a negative net margin of 4.00% and a negative return on equity of 13.80%. On average, sell-side analysts anticipate that Farmer Brothers will post -0.37 EPS for the current year.

About Farmer Brothers

Farmer Brothers Company (NASDAQ: FARM) is a specialty coffee roaster and distributor that serves the foodservice, hospitality and office coffee markets across the United States. The company produces and delivers coffee, tea, single-serve products and beverage equipment, supporting its customers with supply chain solutions, equipment maintenance and barista training services. Its operations are organized to serve commercial accounts ranging from national restaurant chains and convenience stores to independent coffee shops and corporate offices.

Founded in 1912 in Texas, Farmer Brothers has grown from a regional roaster into a national supplier with a network of manufacturing and distribution facilities.