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

Farmer Bros. Co. (NASDAQ:FARM) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 74,700 shares, a growth of 36.8% from the December 31st total of 54,600 shares. Based on an average daily trading volume, of 85,300 shares, the short-interest ratio is presently 0.9 days. Approximately 0.4% of the company’s stock are sold short.

Farmer Bros. Stock Down 2.8 %

Farmer Bros. stock opened at $1.73 on Friday. The company has a quick ratio of 0.58, a current ratio of 1.32 and a debt-to-equity ratio of 0.57. The stock has a 50 day moving average of $1.87 and a two-hundred day moving average of $2.16. Farmer Bros. has a twelve month low of $1.60 and a twelve month high of $3.86.

Farmer Bros. (NASDAQ:FARM) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.24) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.01). The firm had revenue of $85.07 million for the quarter, compared to analysts’ expectations of $84.80 million. Farmer Bros. had a negative return on equity of 35.41% and a negative net margin of 2.20%. During the same period in the prior year, the company earned ($0.06) earnings per share. As a group, research analysts expect that Farmer Bros. will post -0.62 EPS for the current fiscal year.

Institutional Investors Weigh In On Farmer Bros.

A number of hedge funds and other institutional investors have recently modified their holdings of FARM. PFG Investments LLC acquired a new stake in Farmer Bros. during the 3rd quarter valued at $33,000. Global Wealth Management Investment Advisory Inc. increased its position 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 worth $38,000 after purchasing an additional 7,000 shares in the last quarter. Sanders Morris Harris LLC raised its stake in Farmer Bros. by 53.8% in the 3rd quarter. Sanders Morris Harris LLC now owns 154,283 shares of the company’s stock valued at $305,000 after purchasing an additional 54,000 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Farmer Bros. by 5.8% in the 3rd quarter. Geode Capital Management LLC now owns 209,288 shares of the company’s stock valued at $414,000 after purchasing an additional 11,390 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Farmer Bros. by 4.9% during the second quarter. Dimensional Fund Advisors LP now owns 367,919 shares of the company’s stock worth $986,000 after buying an additional 17,327 shares in the last quarter. 64.48% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of Farmer Bros. in a research report on Saturday. They set a “hold” rating for the company.

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.