500,000 Shares in Farmer Brothers Company $FARM Purchased by Builder Investment Group Inc. ADV

Builder Investment Group Inc. ADV purchased a new position in shares of Farmer Brothers Company (NASDAQ:FARM) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 500,000 shares of the company’s stock, valued at approximately $685,000. Builder Investment Group Inc. ADV owned approximately 2.32% of Farmer Brothers as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Squarepoint Ops LLC lifted its position in Farmer Brothers by 67.1% during the 4th quarter. Squarepoint Ops LLC now owns 69,270 shares of the company’s stock worth $125,000 after buying an additional 27,805 shares in the last quarter. Millennium Management LLC acquired a new position in Farmer Brothers during the 4th quarter worth about $69,000. Jane Street Group LLC acquired a new position in Farmer Brothers during the 4th quarter worth about $29,000. North Star Investment Management Corp. lifted its position in Farmer Brothers by 44.9% during the 2nd quarter. North Star Investment Management Corp. now owns 197,000 shares of the company’s stock worth $270,000 after buying an additional 61,000 shares in the last quarter. Finally, Virtu Financial LLC lifted its position in Farmer Brothers by 143.2% during the 1st quarter. Virtu Financial LLC now owns 31,756 shares of the company’s stock worth $70,000 after buying an additional 18,699 shares in the last quarter. Institutional investors and hedge funds own 64.48% of the company’s stock.

Farmer Brothers Stock Performance

Farmer Brothers stock opened at $1.78 on Friday. The company has a current ratio of 1.20, a quick ratio of 0.50 and a debt-to-equity ratio of 0.33. Farmer Brothers Company has a 1 year low of $1.34 and a 1 year high of $3.29. The company has a market cap of $38.43 million, a PE ratio of -2.62 and a beta of 1.53. The company’s 50-day moving average is $1.81 and its two-hundred day moving average is $1.74.

Farmer Brothers (NASDAQ:FARM) last announced its quarterly earnings results on Thursday, September 11th. The company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.19) by $0.17. The company had revenue of $85.14 million during the quarter, compared to analysts’ expectations of $81.66 million. Farmer Brothers had a negative return on equity of 16.12% and a negative net margin of 4.24%. Equities analysts anticipate that Farmer Brothers Company will post -0.37 earnings per share for the current year.

Analysts Set New Price Targets

Separately, Craig Hallum downgraded shares of Farmer Brothers from a “buy” rating to a “hold” rating and set a $2.50 target price on the stock. in a research report on Friday, September 12th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, Farmer Brothers has a consensus rating of “Hold” and an average target price of $2.50.

About Farmer Brothers

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.