Farmer Brothers Co. (FARM) Director Jeanne Farmer Grossman Sells 1,358 Shares

Farmer Brothers Co. (NASDAQ:FARM) Director Jeanne Farmer Grossman sold 1,358 shares of the business’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $34.21, for a total transaction of $46,457.18. Following the completion of the transaction, the director now owns 16,973 shares of the company’s stock, valued at $580,646.33. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Jeanne Farmer Grossman also recently made the following trade(s):

  • On Monday, December 4th, Jeanne Farmer Grossman sold 5,122 shares of Farmer Brothers stock. The stock was sold at an average price of $34.44, for a total transaction of $176,401.68.
  • On Monday, November 27th, Jeanne Farmer Grossman sold 1,524 shares of Farmer Brothers stock. The stock was sold at an average price of $33.42, for a total transaction of $50,932.08.
  • On Wednesday, November 29th, Jeanne Farmer Grossman sold 10,760 shares of Farmer Brothers stock. The stock was sold at an average price of $33.84, for a total transaction of $364,118.40.

Shares of Farmer Brothers Co. (NASDAQ FARM) opened at $34.25 on Tuesday. The firm has a market cap of $579.41, a price-to-earnings ratio of 67.45 and a beta of 0.45. Farmer Brothers Co. has a 12 month low of $28.75 and a 12 month high of $37.35.

Farmer Brothers (NASDAQ:FARM) last announced its earnings results on Tuesday, November 7th. The company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.04. The business had revenue of $131.70 million during the quarter, compared to analyst estimates of $131.09 million. Farmer Brothers had a net margin of 4.02% and a return on equity of 4.13%. The company’s quarterly revenue was up .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.21 EPS. analysts expect that Farmer Brothers Co. will post 0.72 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Highbridge Capital Management LLC purchased a new stake in Farmer Brothers during the 3rd quarter valued at $303,000. Royce & Associates LP raised its stake in Farmer Brothers by 18.4% during the 3rd quarter. Royce & Associates LP now owns 288,877 shares of the company’s stock valued at $9,490,000 after buying an additional 44,800 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Farmer Brothers by 10.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 807,678 shares of the company’s stock valued at $26,531,000 after buying an additional 75,024 shares during the last quarter. Trigran Investments Inc. raised its stake in Farmer Brothers by 2.5% during the 3rd quarter. Trigran Investments Inc. now owns 999,231 shares of the company’s stock valued at $32,825,000 after buying an additional 24,652 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Farmer Brothers by 5.6% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 42,563 shares of the company’s stock valued at $1,399,000 after acquiring an additional 2,262 shares during the period. Institutional investors and hedge funds own 55.90% of the company’s stock.

A number of brokerages recently weighed in on FARM. B. Riley restated a “buy” rating and issued a $38.50 price objective on shares of Farmer Brothers in a report on Wednesday, October 4th. Zacks Investment Research lowered shares of Farmer Brothers from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. ValuEngine upgraded shares of Farmer Brothers from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. Finally, TheStreet upgraded shares of Farmer Brothers from a “c+” rating to a “b-” rating in a research note on Wednesday, November 1st.

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Farmer Brothers Company Profile

Farmer Bros. Co is a national coffee roaster, wholesaler and distributor of coffee, tea and culinary products. The Company offers private brand and consumer-branded coffee products to small independent restaurants and foodservice operators, and institutional buyers. Its product line includes organic, Direct Trade, Direct Trade Verified Sustainable (DTVS) coffees and other coffees, iced and hot teas, cappuccino, spices, and baking/biscuit mixes.

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