Farmer Brothers Co (NASDAQ:FARM) Has Just Been Downgraded by B. Riley FBR to a Neutral Rating

Farmer Bros. Co. (NASDAQ:FARM) Logo

Investors sentiment increased to 1.65 in 2018 Q4. Its up 0.55, from 1.1 in 2018Q3. It is positive, as 4 investors sold Farmer Bros. Co. shares while 19 reduced holdings. 11 funds opened positions while 27 raised stakes. 9.39 million shares or 3.17% less from 9.70 million shares in 2018Q3 were reported.

Moreover, Perritt Capital Management has 1.15% invested in Farmer Bros. Co. (NASDAQ:FARM) for 128,941 shares. Connors Investor Ser owns 67,828 shares or 0.25% of their US portfolio. Northern Tru accumulated 0% or 197,008 shares. Price T Rowe Inc Md stated it has 17,153 shares. Punch & Inv invested in 0.79% or 354,792 shares. Trigran reported 1.73M shares. New York State Common Retirement Fund reported 0% in Farmer Bros. Co. (NASDAQ:FARM). Tower Rech Capital Limited Liability Corporation (Trc) accumulated 293 shares. Dimensional Fund Advsr L P holds 0.01% or 929,387 shares in its portfolio. Gamco Investors Et Al holds 0.02% of its portfolio in Farmer Bros. Co. (NASDAQ:FARM) for 88,700 shares. Ubs Asset Management Americas Incorporated holds 0% or 203 shares. Pacific Global Invest Management holds 9,393 shares. Us State Bank De holds 0% or 42,900 shares in its portfolio. Wells Fargo And Communication Mn owns 18,101 shares. Strs Ohio holds 3,300 shares or 0% of its portfolio.

Since April 16, 2019, it had 2 insider buys, and 0 selling transactions for $358,911 activity.

Farmer Brothers Co (NASDAQ:FARM) Receives a Downgrade

B. Riley FBR has just given shares of Farmer Brothers Co (NASDAQ:FARM)an updated Neutral rating in an analyst report shared with investors on Wednesday morning. This is a downgrade from the last Buy rating that they had set. The company currently has a $21 target price on company, which suggests the potential for a 21.60 % upside.

The stock decreased 13.15% or $2.62 during the last trading session, reaching $17.27. About 851,139 shares traded or 822.37% up from the average. Farmer Bros. Co. (NASDAQ:FARM) has declined 22.88% since May 8, 2018 and is downtrending. It has underperformed by 27.25% the S&P500.

Farmer Bros. Co. engages in the manufacture, wholesale, and distribution of coffee, tea, and culinary products in the United States. The company has market cap of $293.71 million. The firm offers roast and ground coffee; frozen liquid coffee; flavored and unflavored iced and hot teas; culinary products, including gelatins and puddings, soup bases, dressings, gravy and sauce mixes, pancake and biscuit mixes, jellies and preserves, and coffee-related products, such as coffee filters, sugar, and creamers; spices; and other beverages comprising cappuccino, cocoa, granitas, and ready-to-drink iced coffee. It currently has negative earnings. It sells its products under the Farmer Brothers, Artisan Collection by Farmer Brothers, Superior, Metropolitan, China Mist, Direct Trade, Fair Trade Certified, Rainforest Alliance Certified, Un Momento, Collaborative Coffee, Cain's, and McGarvey brand names, as well as under various private labels.

More notable recent Farmer Bros. Co. (NASDAQ:FARM) news were published by: Nasdaq.com which released: “Veritas Farms, Inc. Appoints Michael D. Pelletier as Chief Financial Officer – Nasdaq” on April 23, 2019, also Nasdaq.com with their article: “Seeking to avert higher tariffs, China dispatches top negotiator to U.S. – Nasdaq” published on May 07, 2019, Nasdaq.com published: “Agco (AGCO) Tops Q1 Earnings and Revenue Estimates – Nasdaq” on May 02, 2019. More interesting news about Farmer Bros. Co. (NASDAQ:FARM) were released by: Nasdaq.com and their article: “Seeds of discontent: Argentina’s farmers turn cool on their man Macri – Nasdaq” published on April 22, 2019 as well as Nasdaq.com‘s news article titled: “Weekly Market Summary: Markets Bounce Around Record Highs – Nasdaq” with publication date: May 06, 2019.

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