Farmer Bros. Co. (NASDAQ:FARM) Short Interest Update

Farmer Bros. Co. (NASDAQ:FARM) was the recipient of a significant increase in short interest in the month of February. As of February 15th, there was short interest totalling 612,400 shares, an increase of 650.5% from the January 31st total of 81,600 shares. Based on an average trading volume of 660,300 shares, the short-interest ratio is presently 0.9 days. Approximately 3.6% of the company’s shares are short sold.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on Farmer Bros. in a report on Tuesday. They issued a “hold” rating on the stock.

Farmer Bros. Trading Up 1.2 %

FARM traded up $0.04 during trading on Friday, hitting $3.04. 151,925 shares of the company’s stock were exchanged, compared to its average volume of 1,051,116. Farmer Bros. has a 1 year low of $1.60 and a 1 year high of $3.86. The stock has a 50 day moving average price of $1.96 and a 200 day moving average price of $2.10. The firm has a market cap of $64.81 million, a P/E ratio of -6.32 and a beta of 1.78. The company has a current ratio of 1.28, a quick ratio of 0.60 and a debt-to-equity ratio of 0.56.

Farmer Bros. (NASDAQ:FARM) last posted its earnings results on Thursday, February 6th. The company reported $0.06 earnings per share for the quarter, beating the consensus estimate of ($0.12) by $0.18. Farmer Bros. had a negative net margin of 2.92% and a negative return on equity of 27.45%. As a group, analysts expect that Farmer Bros. will post -0.37 EPS for the current fiscal year.

Institutional Investors Weigh In On Farmer Bros.

Large investors have recently modified their holdings of the stock. Jane Street Group LLC acquired a new position in Farmer Bros. during the 4th quarter worth approximately $29,000. PFG Investments LLC acquired a new position in shares of Farmer Bros. during the third quarter worth $33,000. XTX Topco Ltd purchased a new position in shares of Farmer Bros. in the fourth quarter valued at $36,000. Global Wealth Management Investment Advisory Inc. grew its holdings in Farmer Bros. by 58.3% during the 3rd quarter. Global Wealth Management Investment Advisory Inc. now owns 19,000 shares of the company’s stock valued at $38,000 after purchasing an additional 7,000 shares in the last quarter. Finally, Prudential Financial Inc. purchased a new stake in Farmer Bros. during the 4th quarter worth $48,000. Institutional investors and hedge funds own 64.48% of the company’s stock.

About Farmer Bros.

Farmer Bros. Co engages in the roasting, wholesale, equipment servicing, and distribution of coffee, tea, and other allied products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavoured and unflavoured iced and hot teas; culinary products, including spices, pancake and biscuit mixes, gravy and sauce mixes, soup bases, dressings, and syrups and sauces, as well as coffee filters, cups, sugar, and creamers; and other beverages comprising cappuccino, cocoa, granitas, and other blender-based beverages and concentrated and ready-to-drink cold brew and iced coffee.