Shares of Farmer Brothers Co. (NASDAQ:FARM) have received an average broker rating score of 1.00 (Strong Buy) from the one analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.

Analysts have set a twelve-month consensus price objective of $38.50 for the company and are predicting that the company will post $0.18 earnings per share for the current quarter, according to Zacks. Zacks has also given Farmer Brothers an industry rank of 107 out of 265 based on the ratings given to its competitors.

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Several equities research analysts have recently weighed in on the company. B. Riley reissued a “buy” rating and issued a $37.25 price objective on shares of Farmer Brothers in a report on Monday, September 11th. BidaskClub downgraded Farmer Brothers from a “sell” rating to a “strong sell” rating in a report on Friday, December 29th. Zacks Investment Research downgraded Farmer Brothers from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Finally, TheStreet raised Farmer Brothers from a “c+” rating to a “b-” rating in a report on Wednesday, November 1st.

In related news, Director Charles F. Marcy purchased 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 21st. The stock was purchased at an average cost of $33.69 per share, with a total value of $33,690.00. Following the completion of the acquisition, the director now directly owns 4,577 shares in the company, valued at $154,199.13. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jeanne Farmer Grossman sold 1,358 shares of the stock in a transaction on Friday, December 1st. The stock was sold at an average price of $34.21, for a total value of $46,457.18. Following the completion of the transaction, the director now owns 16,973 shares of the company’s stock, valued at approximately $580,646.33. The disclosure for this sale can be found here. Over the last ninety days, insiders have purchased 6,000 shares of company stock valued at $192,590 and have sold 40,764 shares valued at $1,319,029. 9.20% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in FARM. Schwab Charles Investment Management Inc. raised its position in Farmer Brothers by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 40,301 shares of the company’s stock worth $1,220,000 after acquiring an additional 247 shares in the last quarter. Rhumbline Advisers raised its position in Farmer Brothers by 16.7% in the second quarter. Rhumbline Advisers now owns 11,046 shares of the company’s stock worth $334,000 after acquiring an additional 1,580 shares in the last quarter. Bank of New York Mellon Corp raised its position in Farmer Brothers by 11.5% in the second quarter. Bank of New York Mellon Corp now owns 106,630 shares of the company’s stock worth $3,226,000 after acquiring an additional 10,980 shares in the last quarter. Victory Capital Management Inc. raised its position in Farmer Brothers by 17.7% in the second quarter. Victory Capital Management Inc. now owns 4,735 shares of the company’s stock worth $143,000 after acquiring an additional 711 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Farmer Brothers by 21.7% in the second quarter. Swiss National Bank now owns 16,800 shares of the company’s stock valued at $508,000 after buying an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 55.90% of the company’s stock.

Shares of Farmer Brothers (FARM) traded up $0.40 on Thursday, reaching $32.10. The company had a trading volume of 28,344 shares, compared to its average volume of 45,832. The firm has a market capitalization of $540.66, a P/E ratio of 24.50 and a beta of 0.48. Farmer Brothers has a 52-week low of $28.75 and a 52-week high of $37.35.

Farmer Brothers (NASDAQ:FARM) last announced its quarterly earnings results on Tuesday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.04. The firm had revenue of $131.70 million during the quarter, compared to the consensus estimate of $131.09 million. Farmer Brothers had a return on equity of 4.13% and a net margin of 4.02%. The firm’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.21 earnings per share. equities analysts forecast that Farmer Brothers will post 0.72 EPS for the current fiscal year.

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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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