Short Interest in Farmer Brothers Company (NASDAQ:FARM) Decreases By 36.6%

by · The Markets Daily

Farmer Brothers Company (NASDAQ:FARM – Get Free Report) was the target of a large decline in short interest during the month of December. As of December 31st, there was short interest totaling 73,014 shares, a decline of 36.6% from the December 15th total of 115,183 shares. Based on an average daily trading volume, of 96,315 shares, the days-to-cover ratio is currently 0.8 days. Currently, 0.4% of the shares of the stock are short sold. Currently, 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 96,315 shares, the days-to-cover ratio is currently 0.8 days.

Hedge Funds Weigh In On Farmer Brothers

Several institutional investors have recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in Farmer Brothers by 253.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 68,833 shares of the company’s stock valued at $153,000 after purchasing an additional 49,374 shares during the period. Jane Street Group LLC raised its stake in Farmer Brothers by 152.2% during the 1st quarter. Jane Street Group LLC now owns 41,129 shares of the company’s stock valued at $91,000 after acquiring an additional 24,820 shares in the last quarter. North Star Investment Management Corp. grew its stake in shares of Farmer Brothers by 44.9% in the second quarter. North Star Investment Management Corp. now owns 197,000 shares of the company’s stock worth $270,000 after purchasing an additional 61,000 shares in the last quarter. Builder Investment Group Inc. ADV acquired a new position in shares of Farmer Brothers during the second quarter valued at $685,000. Finally, Game Plan Financial Advisors LLC bought a new stake in shares of Farmer Brothers during the second quarter valued at about $34,000. Institutional investors own 64.48% of the company’s stock.

Wall Street Analyst Weigh In

FARM has been the subject of a number of research reports. Roth Capital cut their target price on shares of Farmer Brothers from $3.50 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Zacks Research downgraded shares of Farmer Brothers from a “hold” rating to a “strong sell” rating in a report on Thursday, November 6th. Finally, Weiss Ratings reissued a “sell (e+)” rating on shares of Farmer Brothers in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $2.75.

View Our Latest Research Report on Farmer Brothers

Farmer Brothers Stock Down 0.6%

FARM stock traded down $0.01 during midday trading on Friday, hitting $1.56. 20,919 shares of the company’s stock were exchanged, compared to its average volume of 66,746. The company has a current ratio of 1.24, a quick ratio of 0.46 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average price of $1.52 and a 200-day moving average price of $1.66. The stock has a market capitalization of $33.70 million, a price-to-earnings ratio of -2.48 and a beta of 1.24. Farmer Brothers has a 12-month low of $1.34 and a 12-month high of $3.29.

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

Farmer Brothers Company Profile

(Get Free Report)

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.

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