Farmer Brothers Co. (NASDAQ:FARM) Director Jeanne Farmer Grossman sold 10,760 shares of Farmer Brothers stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $33.84, for a total value of $364,118.40. Following the sale, the director now directly owns 16,973 shares in the company, valued at approximately $574,366.32. The sale was disclosed in a document filed with the SEC, which is available at this link.

Jeanne Farmer Grossman also recently made the following trade(s):

  • On Monday, November 27th, Jeanne Farmer Grossman sold 1,524 shares of Farmer Brothers stock. The shares were sold at an average price of $33.42, for a total value of $50,932.08.

Shares of Farmer Brothers Co. (FARM) traded up $0.20 during mid-day trading on Friday, reaching $34.40. The company had a trading volume of 28,007 shares, compared to its average volume of 55,902. The firm has a market cap of $576.04, a price-to-earnings ratio of 67.06 and a beta of 0.45. Farmer Brothers Co. has a twelve month low of $28.75 and a twelve month high of $37.35.

Farmer Brothers (NASDAQ:FARM) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.01) by $0.04. The business had revenue of $131.70 million for the quarter, compared to analyst estimates of $131.09 million. Farmer Brothers had a return on equity of 4.13% and a net margin of 4.02%. Farmer Brothers’s quarterly revenue was up .9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.21 EPS. sell-side analysts anticipate that Farmer Brothers Co. will post 0.72 EPS for the current fiscal year.

Several brokerages recently commented on FARM. ValuEngine raised Farmer Brothers from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Zacks Investment Research raised Farmer Brothers from a “sell” rating to a “hold” rating and set a $35.00 price target on the stock in a research note on Monday, November 6th. B. Riley reaffirmed a “buy” rating and issued a $38.50 price target on shares of Farmer Brothers in a research note on Wednesday, November 8th. Finally, TheStreet raised Farmer Brothers from a “c+” rating to a “b-” rating in a research note on Wednesday, November 1st.

A number of hedge funds have recently made changes to their positions in FARM. Heartland Advisors Inc. boosted its stake in Farmer Brothers by 94.7% in the second quarter. Heartland Advisors Inc. now owns 267,304 shares of the company’s stock worth $8,086,000 after purchasing an additional 130,017 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in Farmer Brothers by 5.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 40,054 shares of the company’s stock worth $1,416,000 after purchasing an additional 2,223 shares in the last quarter. Marshall Wace North America L.P. acquired a new position in Farmer Brothers in the second quarter worth $1,919,000. Dimensional Fund Advisors LP boosted its stake in Farmer Brothers by 11.4% in the second quarter. Dimensional Fund Advisors LP now owns 732,654 shares of the company’s stock worth $22,163,000 after purchasing an additional 74,796 shares in the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in Farmer Brothers by 6.3% in the second quarter. Gamco Investors INC. ET AL now owns 89,300 shares of the company’s stock worth $2,701,000 after purchasing an additional 5,300 shares in the last quarter. 55.94% of the stock is currently owned by institutional investors and hedge funds.

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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.

Insider Buying and Selling by Quarter for Farmer Brothers (NASDAQ:FARM)

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