Jeanne Farmer Grossman Sells 20,000 Shares of Farmer Bros Co (FARM) Stock
Farmer Bros Co (NASDAQ:FARM) Director Jeanne Farmer Grossman sold 20,000 shares of the company’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of $31.80, for a total value of $636,000.00. Following the completion of the sale, the director now owns 18,874 shares of the company’s stock, valued at approximately $600,193.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Farmer Bros Co (NASDAQ:FARM) opened at $32.10 on Friday. The firm has a market capitalization of $542.49, a price-to-earnings ratio of 59.44 and a beta of 0.52. Farmer Bros Co has a twelve month low of $28.75 and a twelve month high of $37.35.
Farmer Bros (NASDAQ:FARM) last announced its quarterly earnings data on Tuesday, February 6th. The company reported ($1.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($1.27). The firm had revenue of $167.37 million during the quarter, compared to analyst estimates of $161.62 million. Farmer Bros had a negative net margin of 2.98% and a positive return on equity of 4.43%. The company’s quarterly revenue was up 20.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.20 EPS. research analysts forecast that Farmer Bros Co will post -0.59 earnings per share for the current fiscal year.
FARM has been the subject of several research analyst reports. BidaskClub lowered Farmer Bros from a “hold” rating to a “sell” rating in a report on Friday, December 15th. Zacks Investment Research lowered Farmer Bros from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th. TheStreet lowered Farmer Bros from a “b-” rating to a “c” rating in a report on Tuesday, February 6th. Finally, Roth Capital restated a “buy” rating and issued a $41.00 price objective on shares of Farmer Bros in a report on Thursday. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Farmer Bros currently has an average rating of “Buy” and an average target price of $38.50.
COPYRIGHT VIOLATION WARNING: “Jeanne Farmer Grossman Sells 20,000 Shares of Farmer Bros Co (FARM) Stock” was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://www.thecerbatgem.com/2018/03/11/jeanne-farmer-grossman-sells-20000-shares-of-farmer-bros-co-farm-stock.html.
About Farmer Bros
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.
Receive News & Ratings for Farmer Bros Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmer Bros and related companies with MarketBeat.com's FREE daily email newsletter.