Farmer Bros Co (NASDAQ:FARM) has been given an average rating of “Hold” by the six ratings firms that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $34.67.

A number of equities research analysts have commented on the stock. Zacks Investment Research cut shares of Farmer Bros from a “hold” rating to a “strong sell” rating in a report on Thursday, February 14th. ValuEngine upgraded shares of Farmer Bros from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, BidaskClub upgraded shares of Farmer Bros from a “strong sell” rating to a “sell” rating in a report on Friday, December 21st.

Several hedge funds and other institutional investors have recently modified their holdings of FARM. North Star Investment Management Corp. lifted its position in shares of Farmer Bros by 20.7% during the fourth quarter. North Star Investment Management Corp. now owns 93,150 shares of the company’s stock valued at $2,173,000 after purchasing an additional 16,000 shares in the last quarter. Beacon Pointe Wealth Advisors LLC bought a new position in shares of Farmer Bros during the fourth quarter valued at about $239,000. MetLife Investment Advisors LLC lifted its position in shares of Farmer Bros by 63.1% during the third quarter. MetLife Investment Advisors LLC now owns 6,469 shares of the company’s stock valued at $171,000 after purchasing an additional 2,502 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Farmer Bros during the fourth quarter valued at about $465,000. Finally, Capital Research Global Investors bought a new position in shares of Farmer Bros during the third quarter valued at about $17,899,000. Hedge funds and other institutional investors own 60.08% of the company’s stock.

Shares of NASDAQ:FARM opened at $20.02 on Friday. The company has a market capitalization of $361.30 million, a P/E ratio of 154.01 and a beta of 0.15. The company has a quick ratio of 0.93, a current ratio of 2.00 and a debt-to-equity ratio of 0.60. Farmer Bros has a one year low of $19.17 and a one year high of $31.50.

Farmer Bros (NASDAQ:FARM) last released its quarterly earnings results on Monday, February 11th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.14). The business had revenue of $159.77 million for the quarter, compared to the consensus estimate of $162.79 million. Farmer Bros had a negative net margin of 2.74% and a negative return on equity of 2.67%. On average, research analysts forecast that Farmer Bros will post -0.11 earnings per share for the current fiscal year.

About Farmer Bros

Farmer Bros. Co engages in the manufacture, wholesale, and distribution of coffee, tea, and culinary products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavored and unflavored iced and hot teas; culinary products, including gelatins and puddings, soup bases, dressings, gravy and sauce mixes, pancake and biscuit mixes, jellies and preserves, and coffee-related products, such as coffee filters, sugar, and creamers; spices; and other beverages comprising cappuccino, cocoa, granitas, and ready-to-drink cold brew and iced coffee.

Featured Story: How do candlesticks reflect price movement?

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.