Michael H. Keown Sells 22,000 Shares of Farmer Brothers Company (FARM) Stock

Farmer Brothers Company (NASDAQ:FARM) CEO Michael H. Keown sold 22,000 shares of the stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $30.96, for a total value of $681,120.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Farmer Brothers Company (NASDAQ FARM) traded up $0.30 during trading on Tuesday, hitting $32.00. The company’s stock had a trading volume of 48,700 shares, compared to its average volume of 67,616. The company has a market cap of $533.93, a price-to-earnings ratio of 62.16 and a beta of 0.44. Farmer Brothers Company has a twelve month low of $28.75 and a twelve month high of $37.55.

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

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A number of research analysts recently weighed in on FARM shares. B. Riley reaffirmed a “buy” rating and set a $37.25 price objective on shares of Farmer Brothers in a research report on Monday, August 28th. Zacks Investment Research lowered Farmer Brothers from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. TheStreet raised Farmer Brothers from a “c+” rating to a “b-” rating in a research report on Wednesday, November 1st. Finally, ValuEngine raised Farmer Brothers from a “sell” rating to a “hold” rating in a research report on Tuesday, August 22nd.

Hedge funds have recently added to or reduced their stakes in the company. Heartland Advisors Inc. boosted its stake in shares of Farmer Brothers by 94.7% in the 2nd quarter. Heartland Advisors Inc. now owns 267,304 shares of the company’s stock worth $8,086,000 after buying an additional 130,017 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Farmer Brothers by 5.9% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 40,054 shares of the company’s stock worth $1,416,000 after buying an additional 2,223 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of Farmer Brothers in the 2nd quarter worth $1,919,000. Gamco Investors INC. ET AL boosted its stake in shares of Farmer Brothers by 6.3% in the 2nd quarter. Gamco Investors INC. ET AL now owns 89,300 shares of the company’s stock worth $2,701,000 after buying an additional 5,300 shares during the last quarter. Finally, Kennedy Capital Management Inc. boosted its stake in shares of Farmer Brothers by 176.3% in the 2nd quarter. Kennedy Capital Management Inc. now owns 202,009 shares of the company’s stock worth $6,111,000 after buying an additional 128,903 shares during the last quarter. Hedge funds and other institutional investors own 53.29% of the company’s stock.

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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