Is Farmer Brothers Co (NASDAQ:FARM) Now a Poor Investment? B. Riley FBR Downgrades Shares

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.

Vanguard Incorporated reported 617,486 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 997 shares. Aperio Grp Ltd Liability Com has invested 0% in Farmer Bros. Co. (NASDAQ:FARM). California State Teachers Retirement Sys invested in 0% or 16,659 shares. Ameritas Prns reported 0% in Farmer Bros. Co. (NASDAQ:FARM). Dimensional Fund Lp invested in 0.01% or 929,387 shares. Gamco Invsts Et Al owns 88,700 shares. New York State Common Retirement Fund reported 40,884 shares or 0% of all its holdings. Barclays Public Ltd Liability Company holds 291 shares or 0% of its portfolio. Kennedy holds 0.23% in Farmer Bros. Co. (NASDAQ:FARM) or 405,213 shares. Covington Capital accumulated 15,000 shares. Jpmorgan Chase & Company reported 3,118 shares or 0% of all its holdings. Invesco Ltd accumulated 16,035 shares. 190,000 are held by Gabelli Funds Limited Liability. Boothbay Fund Limited Company, a New York-based fund reported 9,324 shares.

Since April 16, 2019, it had 2 insider purchases, and 0 sales for $358,911 activity.

Farmer Brothers Co (NASDAQ:FARM) Receives a Downgrade

B. Riley FBR has lowered Farmer Brothers Co (NASDAQ:FARM) shares to a “Neutral” in analysts report sent to clients and investors this morning, while they’ve also set an estimated 12-month price target at $21. FARM’s previous rating was a solid “Buy”.

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: “LexaGene’s Technology Successfully Detects a Common Fungus That Damages Agricultural Crops – Nasdaq” on April 30, 2019, also Nasdaq.com with their article: “Consumer Sector Update for 04/16/2019: VFF,SGMS,WYNN,OMC,PKG – Nasdaq” published on April 16, 2019, Nasdaq.com published: “Will Non-Farm Payrolls Drive EURO to 1.10? – Nasdaq” on May 02, 2019. More interesting news about Farmer Bros. Co. (NASDAQ:FARM) were released by: Nasdaq.com and their article: “CROP Investment Holding World Farms Announces LOI to go Public on the CSE – Nasdaq” published on May 08, 2019 as well as Nasdaq.com‘s news article titled: “REPEAT – International Cannabis and Organic Flower Enter Into European Distribution and Collaboration Agreement – Nasdaq” with publication date: May 08, 2019.

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