Farmer Brothers Company (NASDAQ:FARM) Sees Significant Increase in Short Interest

Farmer Brothers Company (NASDAQ:FARM) saw a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 77,691 shares, a growth of 165.1% from the February 26th total of 29,304 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 645,221 shares, the short-interest ratio is presently 0.1 days. Based on an average daily volume of 645,221 shares, the short-interest ratio is presently 0.1 days. Approximately 0.4% of the company’s shares are short sold.

Farmer Brothers Price Performance

FARM stock opened at $1.24 on Wednesday. The business’s 50-day moving average is $1.47 and its two-hundred day moving average is $1.59. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.27 and a quick ratio of 0.52. The firm has a market capitalization of $26.95 million, a P/E ratio of -1.44 and a beta of 1.22. Farmer Brothers has a 1 year low of $1.21 and a 1 year high of $2.50.

Farmer Brothers (NASDAQ:FARM) last announced its quarterly earnings data on Friday, February 13th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.14) by ($0.08). Farmer Brothers had a negative return on equity of 30.38% and a negative net margin of 5.51%.The company had revenue of $88.92 million for the quarter, compared to analyst estimates of $90.47 million. Analysts anticipate that Farmer Brothers will post -0.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on FARM shares. Roth Mkm lowered their price objective on shares of Farmer Brothers from $3.50 to $3.00 and set a “buy” rating for the company in a research note on Wednesday, November 26th. Zacks Research upgraded shares of Farmer Brothers from a “strong sell” rating to a “hold” rating in a report on Friday, January 30th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Farmer Brothers in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Farmer Brothers has a consensus rating of “Hold” and a consensus price target of $2.75.

Institutional Investors Weigh In On Farmer Brothers

A number of large investors have recently modified their holdings of FARM. Goldman Sachs Group Inc. increased its holdings in Farmer Brothers by 253.7% in the first 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 during the last quarter. Jane Street Group LLC lifted its holdings in Farmer Brothers by 152.2% during the 1st quarter. Jane Street Group LLC now owns 41,129 shares of the company’s stock worth $91,000 after buying an additional 24,820 shares during the last quarter. XTX Topco Ltd boosted its position in shares of Farmer Brothers by 210.2% during the 2nd quarter. XTX Topco Ltd now owns 42,297 shares of the company’s stock worth $58,000 after acquiring an additional 28,661 shares in the last quarter. Panagora Asset Management Inc. acquired a new position in shares of Farmer Brothers during the 2nd quarter worth about $26,000. Finally, Gabelli Funds LLC increased its holdings in shares of Farmer Brothers by 2.3% in the 2nd quarter. Gabelli Funds LLC now owns 272,500 shares of the company’s stock valued at $373,000 after acquiring an additional 6,000 shares during the last quarter. 64.48% of the stock is owned by hedge funds and other institutional investors.

Farmer Brothers Company Profile

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.