Farmer Brothers Co. (NASDAQ:FARM) Director Jeanne Farmer Grossman sold 1,358 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $34.21, for a total value of $46,457.18. Following the completion of the sale, the director now owns 16,973 shares in the company, valued at $580,646.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Monday, December 4th, Jeanne Farmer Grossman sold 5,122 shares of Farmer Brothers stock. The shares were sold at an average price of $34.44, for a total value of $176,401.68.
  • 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.
  • On Wednesday, November 29th, Jeanne Farmer Grossman sold 10,760 shares of Farmer Brothers stock. The stock was sold at an average price of $33.84, for a total value of $364,118.40.

Shares of Farmer Brothers Co. (NASDAQ FARM) traded up $0.15 on Thursday, hitting $34.70. 60,600 shares of the stock traded hands, compared to its average volume of 66,901. The firm has a market capitalization of $581.93, a PE ratio of 67.75 and a beta of 0.45. Farmer Brothers Co. has a 1-year low of $28.75 and a 1-year high of $37.35.

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

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

Several large investors have recently modified their holdings of FARM. Victory Capital Management Inc. grew its holdings in shares of Farmer Brothers by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,735 shares of the company’s stock worth $143,000 after purchasing an additional 711 shares during the period. Nationwide Fund Advisors lifted its position in Farmer Brothers by 6.9% during the 2nd quarter. Nationwide Fund Advisors now owns 5,825 shares of the company’s stock worth $176,000 after acquiring an additional 378 shares in the last quarter. Citigroup Inc. lifted its position in Farmer Brothers by 2,043.6% during the 2nd quarter. Citigroup Inc. now owns 6,238 shares of the company’s stock worth $189,000 after acquiring an additional 5,947 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in Farmer Brothers by 12.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,492 shares of the company’s stock worth $227,000 after acquiring an additional 829 shares in the last quarter. Finally, Alliancebernstein L.P. raised its position in shares of Farmer Brothers by 22.9% in the 2nd quarter. Alliancebernstein L.P. now owns 7,517 shares of the company’s stock valued at $227,000 after purchasing an additional 1,400 shares in the last quarter. Institutional investors and hedge funds own 55.90% 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.

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

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