Institutional Investors Positive on Farmer Brothers Co (NASDAQ:FARM)

June 14, 2018 - By Bradley Stiles

Farmer Bros. Co. (NASDAQ:FARM) Logo

Sentiment for Farmer Brothers Co (NASDAQ:FARM)

Farmer Brothers Co (NASDAQ:FARM) institutional sentiment increased to 1.27 in 2018 Q1. Its up 0.22, from 1.05 in 2017Q4. The ratio is more positive, as 42 hedge funds increased or started new positions, while 33 reduced and sold stakes in Farmer Brothers Co. The hedge funds in our partner’s database reported: 9.73 million shares, up from 9.35 million shares in 2017Q4. Also, the number of hedge funds holding Farmer Brothers Co in their top 10 positions was flat from 1 to 1 for the same number . Sold All: 10 Reduced: 23 Increased: 31 New Position: 11.

Farmer Bros. Co. engages in the manufacture, wholesale, and distribution of coffee, tea, and culinary products in the United States. The company has market cap of $509.33 million. The firm 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 iced coffee. It currently has negative earnings. It sells its products under the Farmer Brothers, Artisan Collection by Farmer Brothers, Superior, Metropolitan, China Mist, Direct Trade, Fair Trade Certified, Rainforest Alliance Certified, Un Momento, Collaborative Coffee, Cain's, and McGarvey brand names, as well as under various private labels.

The stock decreased 0.65% or $0.2 during the last trading session, reaching $30.35. About 39,900 shares traded. Farmer Bros. Co. (NASDAQ:FARM) has declined 8.64% since June 14, 2017 and is downtrending. It has underperformed by 21.21% the S&P500.

Analysts await Farmer Bros. Co. (NASDAQ:FARM) to report earnings on September, 27. They expect $0.09 EPS, down 52.63 % or $0.10 from last year’s $0.19 per share. FARM’s profit will be $1.51M for 84.31 P/E if the $0.09 EPS becomes a reality. After $-0.20 actual EPS reported by Farmer Bros. Co. for the previous quarter, Wall Street now forecasts -145.00 % EPS growth.

Trigran Investments Inc. holds 7.53% of its portfolio in Farmer Bros. Co. for 1.18 million shares. Perritt Capital Management Inc owns 127,741 shares or 0.91% of their US portfolio. Moreover, Punch & Associates Investment Management Inc. has 0.91% invested in the company for 341,061 shares. The California-based Granite Investment Partners Llc has invested 0.88% in the stock. Portolan Capital Management Llc, a Massachusetts-based fund reported 246,165 shares.

Since January 1, 0001, it had 1 buying transaction, and 3 insider sales for $1.85 million activity.

More notable recent Farmer Bros. Co. (NASDAQ:FARM) news were published by: Globenewswire.com which released: “Investor Expectations to Drive Momentum within Jack Henry & Associates, The Providence Service, Farmer Brothers …” on May 24, 2018, also Bizjournals.com with their article: “Cott could ‘buy the FARM,’ analyst report says” published on May 17, 2018, Benzinga.com published: “32 Stocks Moving In Thursday’s Mid-Day Session” on May 17, 2018. More interesting news about Farmer Bros. Co. (NASDAQ:FARM) were released by: Nasdaq.com and their article: “Farmer Bros. Co. to Present at the 19th Annual B. Riley FBR Institutional Investor Conference” published on May 22, 2018 as well as Globenewswire.com‘s news article titled: “Farmer Brothers Releases 2017 Sustainability Report” with publication date: June 07, 2018.

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