Shares of Farmer Brothers Co. (NASDAQ:FARM) have been assigned a consensus broker rating score of 1.00 (Strong Buy) from the three brokers that cover the company, Zacks Investment Research reports. Three analysts have rated the stock with a strong buy rating.
Brokers have set a twelve-month consensus price objective of $36.25 for the company and are predicting that the company will post $0.33 earnings per share for the current quarter, according to Zacks. Zacks has also given Farmer Brothers an industry rank of 209 out of 265 based on the ratings given to its competitors.
In other Farmer Brothers news, major shareholder Richard F. Farmer sold 20,000 shares of Farmer Brothers stock in a transaction dated Wednesday, December 9th. The shares were sold at an average price of $31.97, for a total transaction of $639,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Richard F. Farmer sold 8,180 shares of Farmer Brothers stock in a transaction dated Thursday, December 24th. The stock was sold at an average price of $32.06, for a total transaction of $262,250.80. The disclosure for this sale can be found here.
Farmer Brothers (NASDAQ:FARM) opened at 31.51 on Monday. Farmer Brothers has a 52-week low of $20.90 and a 52-week high of $32.94. The company’s 50 day moving average is $30.60 and its 200 day moving average is $26.65. The firm’s market cap is $512.64 million.
A number of research analysts have commented on the stock. Zacks Investment Research upgraded shares of Farmer Brothers from a “sell” rating to a “hold” rating in a research note on Thursday, September 10th. B. Riley restated a “buy” rating and issued a $33.75 price objective on shares of Farmer Brothers in a research note on Monday, November 23rd.
Farmer Bros. Co. is a manufacturer, wholesaler and distributor of coffee, tea and culinary products. The Company distributes coffee to restaurants, hotels, casinos, offices, quick service restaurants (NASDAQ:FARM), convenience stores, healthcare facilities and other foodservice providers, as well as private brand retailers in the QSR, grocery, drugstore, restaurant, convenience store and independent coffee house channels. The Company has approximately 3,000 products including roasted coffee, liquid coffee, coffee related products such as coffee filters, sugar and creamers, assorted teas, cappuccino, cocoa, spices, gelatins and puddings, soup, salad dressings, pancake and biscuit mixes, and jellies and preserves. The Company operates Direct-Store-Delivery network of approximately 500 delivery routes, 111 branch warehouses and six distribution centers.
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