Insider Selling: Farmer Brothers Co. (NASDAQ:FARM) Director Sells 5,122 Shares of Stock

Farmer Brothers Co. (NASDAQ:FARM) Director Jeanne Farmer Grossman sold 5,122 shares of Farmer Brothers stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $34.44, for a total transaction of $176,401.68. Following the completion of the sale, the director now owns 16,973 shares of the company’s stock, valued at $584,550.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jeanne Farmer Grossman also recently made the following trade(s):

  • On Friday, December 1st, Jeanne Farmer Grossman sold 1,358 shares of Farmer Brothers stock. The stock was sold at an average price of $34.21, for a total transaction of $46,457.18.
  • On Monday, November 27th, Jeanne Farmer Grossman sold 1,524 shares of Farmer Brothers stock. The stock was sold at an average price of $33.42, for a total transaction of $50,932.08.
  • On Wednesday, November 29th, Jeanne Farmer Grossman sold 10,760 shares of Farmer Brothers stock. The stock was sold at an average price of $33.84, for a total transaction of $364,118.40.

Shares of Farmer Brothers Co. (NASDAQ FARM) remained flat at $$32.15 during midday trading on Friday. 46,189 shares of the company were exchanged, compared to its average volume of 50,525. The company has a market capitalization of $541.51, a P/E ratio of 24.54 and a beta of 0.45. Farmer Brothers Co. has a twelve month low of $28.75 and a twelve month high of $37.35.

Farmer Brothers (NASDAQ:FARM) last announced its earnings results on Tuesday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. Farmer Brothers had a net margin of 4.02% and a return on equity of 4.13%. The company had revenue of $131.70 million during the quarter, compared to analyst estimates of $131.09 million. During the same period in the previous year, the business posted $0.21 earnings per share. The firm’s quarterly revenue was up .9% compared to the same quarter last year. sell-side analysts expect that Farmer Brothers Co. will post 0.72 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of FARM. Victory Capital Management Inc. lifted its holdings 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 purchasing an additional 711 shares in the last quarter. Nationwide Fund Advisors lifted its holdings 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 purchasing an additional 378 shares in the last quarter. Citigroup Inc. lifted its holdings 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 purchasing an additional 5,947 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings 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 purchasing an additional 829 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its holdings in Farmer Brothers by 22.9% during the second quarter. Alliancebernstein L.P. now owns 7,517 shares of the company’s stock valued at $227,000 after purchasing an additional 1,400 shares in the last quarter. 55.90% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently issued reports on FARM shares. B. Riley restated a “buy” rating and set a $37.25 target price on shares of Farmer Brothers in a research report on Saturday, September 16th. BidaskClub lowered shares of Farmer Brothers from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. Zacks Investment Research lowered shares of Farmer Brothers from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, TheStreet upgraded shares of Farmer Brothers from a “c+” rating to a “b-” rating in a research report on Wednesday, November 1st. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $36.75.

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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.

Insider Buying and Selling by Quarter for Farmer Brothers (NASDAQ:FARM)

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