2 weeks Ago By Defense World Staff
Prudential Financial Inc. acquired a new position in shares of Farmer Bros. Co.
( NASDAQ:FARM – Free Report ) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 26,400 shares of the company’s stock, valued at approximately $48,000. Prudential Financial Inc.
owned about 0.12% of Farmer Bros. as of its most recent filing with the Securities & Exchange Commission.
Separately, Geode Capital Management LLC raised its stake in shares of Farmer Bros. by 5.8% during the 3rd quarter.
Geode Capital Management LLC now owns 209,288 shares of the company’s stock worth $414,000 after buying an additional 11,390 shares during the last quarter. 64.48% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades Separately, StockNews.com initiated coverage on shares of Farmer Bros. in a research note on Thursday, March 13th.
They issued a “hold” rating on the stock. Farmer Bros. Price Performance FARM stock opened at $1.
75 on Friday. The stock’s 50 day moving average price is $2.28 and its 200 day moving average price is $2.
03. The firm has a market cap of $37.37 million, a P/E ratio of -3.
65 and a beta of 1.65. The company has a debt-to-equity ratio of 0.
56, a quick ratio of 0.60 and a current ratio of 1.28.
Farmer Bros. Co. has a 1 year low of $1.
60 and a 1 year high of $3.46. Farmer Bros.
( NASDAQ:FARM – Get Free Report ) last issued its quarterly earnings data on Thursday, February 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.
12) by $0.18. Farmer Bros.
had a negative return on equity of 27.45% and a negative net margin of 2.92%.
On average, sell-side analysts expect that Farmer Bros. Co. will post -0.
37 earnings per share for the current fiscal year. About Farmer Bros. ( Free Report ) 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. Recommended Stories Five stocks we like better than Farmer Bros.
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Co. ( NASDAQ:FARM – Free Report ). Receive News & Ratings for Farmer Bros.
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