Teton Advisors Inc. Lowers Holdings in Farmer Bros. Co. (NASDAQ:FARM)

Teton Advisors Inc. lowered its position in Farmer Bros. Co. (NASDAQ:FARM) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 475,809 shares of the company’s stock after selling 33,191 shares during the period. Teton Advisors Inc. owned about 2.26% of Farmer Bros. worth $1,456,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. Kestra Private Wealth Services LLC grew its stake in shares of Farmer Bros. by 169.0% in the 4th quarter. Kestra Private Wealth Services LLC now owns 31,815 shares of the company’s stock valued at $97,000 after buying an additional 19,990 shares during the period. Hodges Capital Management Inc. purchased a new position in shares of Farmer Bros. during the 3rd quarter worth approximately $148,000. Global Wealth Management Investment Advisory Inc. purchased a new position in shares of Farmer Bros. during the 3rd quarter worth approximately $31,000. Finally, AE Wealth Management LLC purchased a new position in shares of Farmer Bros. during the 3rd quarter worth approximately $31,000. Institutional investors and hedge funds own 64.48% of the company’s stock.

Farmer Bros. Stock Down 1.0 %

Farmer Bros. stock traded down $0.03 during mid-day trading on Tuesday, reaching $3.10. 29,719 shares of the company’s stock were exchanged, compared to its average volume of 81,292. The company has a market cap of $65.32 million, a P/E ratio of -1.10 and a beta of 1.75. Farmer Bros. Co. has a twelve month low of $1.75 and a twelve month high of $4.04. The company has a quick ratio of 0.67, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The company has a fifty day moving average of $3.42 and a 200-day moving average of $3.19.

Farmer Bros. (NASDAQ:FARM) last announced its quarterly earnings data on Thursday, February 8th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.11. Farmer Bros. had a negative net margin of 14.91% and a negative return on equity of 65.75%. The business had revenue of $89.45 million for the quarter, compared to analyst estimates of $88.50 million. Sell-side analysts expect that Farmer Bros. Co. will post -0.74 EPS for the current year.

Farmer Bros. Profile

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.