Insider Selling: Farmer Brothers Co. (FARM) Director Sells $176,401.68 in Stock

Farmer Brothers Co. (NASDAQ:FARM) Director Jeanne Farmer Grossman sold 5,122 shares of the stock in a transaction on Monday, December 4th. The stock was sold at an average price of $34.44, for a total value of $176,401.68. Following the completion of the sale, the director now directly owns 16,973 shares in the company, valued at $584,550.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

  • On Friday, December 1st, Jeanne Farmer Grossman sold 1,358 shares of Farmer Brothers stock. The stock was sold at an average price of $34.21, for a total value of $46,457.18.
  • 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 value 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 value of $364,118.40.

Farmer Brothers Co. (FARM) traded up $0.15 during trading on Thursday, hitting $34.70. The company had a trading volume of 60,600 shares, compared to its average volume of 66,901. Farmer Brothers Co. has a 12 month low of $28.75 and a 12 month high of $37.35. The stock has a market capitalization of $581.93, a PE ratio of 67.75 and a beta of 0.45.

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

FARM has been the topic of a number of recent research reports. ValuEngine raised Farmer Brothers from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. B. Riley reissued a “buy” rating and issued a $37.25 target price on shares of Farmer Brothers in a research note on Wednesday, August 23rd. Zacks Investment Research cut Farmer Brothers from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, TheStreet raised Farmer Brothers from a “c+” rating to a “b-” rating in a research report on Wednesday, November 1st.

Institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its position in shares of Farmer Brothers by 17.7% during the second quarter. Victory Capital Management Inc. now owns 4,735 shares of the company’s stock valued at $143,000 after buying an additional 711 shares during the last quarter. Nationwide Fund Advisors boosted its position in shares of Farmer Brothers by 6.9% during the second quarter. Nationwide Fund Advisors now owns 5,825 shares of the company’s stock valued at $176,000 after buying an additional 378 shares during the last quarter. Citigroup Inc. boosted its position in shares of Farmer Brothers by 2,043.6% during the second quarter. Citigroup Inc. now owns 6,238 shares of the company’s stock valued at $189,000 after buying an additional 5,947 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in Farmer Brothers by 12.4% in the second quarter. The Manufacturers Life Insurance Company now owns 7,492 shares of the company’s stock worth $227,000 after purchasing an additional 829 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in Farmer Brothers by 22.9% in the second quarter. Alliancebernstein L.P. now owns 7,517 shares of the company’s stock worth $227,000 after purchasing an additional 1,400 shares during the last quarter. 55.90% of the stock is currently owned by institutional investors.

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About Farmer Brothers

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.

Insider Buying and Selling by Quarter for Farmer Brothers (NASDAQ:FARM)

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