Christopher P. Mottern Acquires 2,000 Shares of Farmer Brothers Company (FARM) Stock

Farmer Brothers Company (NASDAQ:FARM) Director Christopher P. Mottern acquired 2,000 shares of Farmer Brothers stock in a transaction dated Friday, November 10th. The stock was purchased at an average price of $31.45 per share, with a total value of $62,900.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Farmer Brothers Company (FARM) traded up $0.30 during trading hours on Tuesday, hitting $32.00. The stock had a trading volume of 48,700 shares, compared to its average volume of 67,616. Farmer Brothers Company has a 1 year low of $28.75 and a 1 year high of $37.55. The stock has a market capitalization of $533.93, a PE ratio of 62.16 and a beta of 0.44.

Farmer Brothers (NASDAQ:FARM) last announced its quarterly earnings data on Tuesday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $131.70 million during the quarter, compared to analysts’ expectations of $131.09 million. During the same period last year, the business posted $0.21 earnings per share. The company’s revenue for the quarter was up .9% compared to the same quarter last year. equities analysts expect that Farmer Brothers Company will post 0.72 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: “Christopher P. Mottern Acquires 2,000 Shares of Farmer Brothers Company (FARM) Stock” was first published by Stock Observer and is the sole property of of Stock Observer. If you are viewing this article on another website, it was illegally copied and reposted in violation of US & international copyright and trademark law. The original version of this article can be accessed at https://www.thestockobserver.com/2017/11/14/christopher-p-mottern-acquires-2000-shares-of-farmer-brothers-company-farm-stock.html.

Several research analysts have recently issued reports on FARM shares. ValuEngine upgraded Farmer Brothers from a “sell” rating to a “hold” rating in a research note on Tuesday, August 22nd. B. Riley restated a “buy” rating and issued a $37.25 price objective 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 note on Wednesday, October 4th. Finally, TheStreet upgraded Farmer Brothers from a “c+” rating to a “b-” rating in a research note on Wednesday, November 1st.

Hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its position in 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 acquiring an additional 711 shares in the last quarter. American International Group Inc. raised its position in Farmer Brothers by 7.0% during the first quarter. American International Group Inc. now owns 4,977 shares of the company’s stock valued at $176,000 after acquiring an additional 326 shares in the last quarter. Nationwide Fund Advisors raised its position in 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 acquiring an additional 378 shares in the last quarter. Citigroup Inc. raised its position in 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 acquiring an additional 5,947 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its position in Farmer Brothers by 12.4% during the second quarter. The Manufacturers Life Insurance Company now owns 7,492 shares of the company’s stock valued at $227,000 after acquiring an additional 829 shares in the last quarter. Institutional investors own 53.29% of the company’s stock.

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.

Receive News & Ratings for Farmer Brothers Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmer Brothers Company and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply