Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Farmer Brothers (FARM) Share Price
News stories about Farmer Brothers (NASDAQ:FARM) have trended somewhat positive recently, Accern reports. Accern scores the sentiment of press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Farmer Brothers earned a coverage optimism score of 0.24 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 44.9120624086293 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Several analysts have commented on FARM shares. Zacks Investment Research cut shares of Farmer Brothers from a “hold” rating to a “sell” rating in a research note on Thursday, May 11th. ValuEngine raised shares of Farmer Brothers from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. TheStreet cut shares of Farmer Brothers from a “b” rating to a “c+” rating in a research note on Tuesday, May 30th. Finally, B. Riley reaffirmed a “buy” rating and issued a $37.25 target price on shares of Farmer Brothers in a research note on Saturday, June 24th.
Farmer Brothers (NASDAQ:FARM) traded up 3.249% during mid-day trading on Thursday, reaching $32.575. 18,696 shares of the company’s stock traded hands. The company has a market capitalization of $540.91 million, a price-to-earnings ratio of 5.065 and a beta of 0.48. The company has a 50-day moving average of $30.79 and a 200-day moving average of $32.36. Farmer Brothers has a 52-week low of $28.90 and a 52-week high of $37.55.
In other Farmer Brothers news, major shareholder Carol Farmer Waite sold 350,000 shares of Farmer Brothers stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $29.60, for a total value of $10,360,000.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 9.20% of the company’s stock.
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Farmer Brothers Company Profile
Farmer Bros. Co is a national coffee roaster, wholesaler and distributor of coffee, tea and culinary products. The Company offers private brand and consumer-branded coffee products to small independent restaurants and foodservice operators, and institutional buyers. Its product line includes organic, Direct Trade, Direct Trade Verified Sustainable (DTVS) coffees and other coffees, iced and hot teas, cappuccino, spices, and baking/biscuit mixes.
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