Farmer Bros. Co. (NASDAQ:FARM) Stock Holdings Decreased by Formidable Asset Management LLC

Formidable Asset Management LLC lessened its position in Farmer Bros. Co. (NASDAQ:FARMFree Report) by 11.2% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 27,793 shares of the company’s stock after selling 3,500 shares during the quarter. Formidable Asset Management LLC owned approximately 0.13% of Farmer Bros. worth $85,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kestra Private Wealth Services LLC purchased a new stake in shares of Farmer Bros. in the third quarter valued at $31,000. Global Wealth Management Investment Advisory Inc. purchased a new stake in Farmer Bros. in the 3rd quarter worth about $31,000. Finally, Hodges Capital Management Inc. acquired a new stake in Farmer Bros. during the 3rd quarter worth about $148,000. Institutional investors and hedge funds own 64.48% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, lowered shares of Farmer Bros. from a “buy” rating to a “hold” rating in a research report on Saturday.

View Our Latest Stock Report on FARM

Farmer Bros. Stock Down 3.7 %

Shares of NASDAQ:FARM traded down $0.12 during trading on Monday, reaching $3.09. 68,451 shares of the company traded hands, compared to its average volume of 77,834. Farmer Bros. Co. has a 1-year low of $1.75 and a 1-year high of $4.04. The company has a quick ratio of 0.65, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The firm has a market cap of $65.12 million, a P/E ratio of -1.31 and a beta of 1.77. The firm has a fifty day simple moving average of $3.36 and a 200 day simple moving average of $3.22.

Farmer Bros. (NASDAQ:FARMGet Free Report) last issued its earnings results on Thursday, May 9th. The company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.01). The firm had revenue of $85.36 million during the quarter, compared to analysts’ expectations of $88.50 million. Farmer Bros. had a negative net margin of 13.46% and a negative return on equity of 58.82%. During the same quarter last year, the firm earned ($0.57) EPS. Analysts anticipate that Farmer Bros. Co. will post -0.74 earnings per share for the current fiscal year.

Farmer Bros. Profile

(Free Report)

Farmer Bros. Co engages in the roasting, wholesale, equipment servicing, and distribution of coffee, tea, and other allied products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavoured and unflavoured iced and hot teas; culinary products, including spices, pancake and biscuit mixes, gravy and sauce mixes, soup bases, dressings, and syrups and sauces, as well as coffee filters, cups, sugar, and creamers; and other beverages comprising cappuccino, cocoa, granitas, and other blender-based beverages and concentrated and ready-to-drink cold brew and iced coffee.

See Also

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

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