The stock of Farmer Brothers Co. (NASDAQ:FARM) is a huge mover today! The stock decreased 1.77% or $0.64 during the last trading session, hitting $35.55. About 100,183 shares traded hands or 7.76% up from the average. Farmer Brothers Co. (NASDAQ:FARM) has risen 34.86% since February 29, 2016 and is uptrending. It has outperformed by 24.44% the S&P500.
The move comes after 7 months negative chart setup for the $593.63 million company. It was reported on Oct, 1 by Barchart.com. We have $32.35 PT which if reached, will make NASDAQ:FARM worth $53.43 million less.
According to Zacks Investment Research, “Farmer Bros. Co. is in the business of roasting, packaging and distributing coffee and allied products to restaurants, hotels, hospitals, convenience stores and fast food outlets. The company’s primary raw material is green coffee. Green coffee is purchased through domestic commodity brokers. Coffee is an agricultural commodity, and is subject to fluctuations of both price and supply.”
Insitutional Activity: The institutional sentiment increased to 1.56 in Q2 2016. Its up 0.60, from 0.96 in 2016Q1. The ratio improved, as 5 funds sold all Farmer Brothers Co. shares owned while 27 reduced positions. 13 funds bought stakes while 37 increased positions. They now own 7.63 million shares or 13.19% more from 6.74 million shares in 2016Q1.
Palisade Cap Ltd Liability Nj has 0.06% invested in the company for 49,200 shares. The Georgia-based Invesco Limited has invested 0% in Farmer Brothers Co. (NASDAQ:FARM). Moreover, Barclays Pcl has 0% invested in Farmer Brothers Co. (NASDAQ:FARM) for 12,700 shares. Nationwide Fund Advsrs last reported 5,009 shares in the company. The California-based Blackrock Institutional Na has invested 0% in Farmer Brothers Co. (NASDAQ:FARM). Menta Ltd Liability Co accumulated 16,071 shares or 0.07% of the stock. Thompson Siegel & Walmsley Limited Liability owns 800 shares or 0% of their US portfolio. Picton Mahoney Asset Mngmt owns 64,800 shares or 0.13% of their US portfolio. First Manhattan Company holds 45,420 shares or 0.01% of its portfolio. Mutual Of America Mngmt Ltd Liability owns 137,133 shares or 0.09% of their US portfolio. Cadence Cap Management Ltd last reported 13,025 shares in the company. Credit Suisse Ag accumulated 0% or 9,829 shares. Wedge Capital Management L Ltd Partnership Nc holds 0.01% or 41,302 shares in its portfolio. Blackrock Investment Management Limited Com owns 30,471 shares or 0% of their US portfolio. Cornerstone Cap Management Hldg Limited Liability Company has 0% invested in the company for 8,623 shares.
Insider Transactions: Since April 11, 2016, the stock had 2 insider purchases, and 4 insider sales for $15.69 million net activity. Farmer Richard F sold $160 worth of stock or 5 shares. 12,000 shares were sold by KEOWN MICHAEL H, worth $361,667. $28,810 worth of Farmer Brothers Co. (NASDAQ:FARM) shares were bought by MARCY CHARLES F. Another trade for 1,000 shares valued at $29,350 was bought by MOTTERN CHRISTOPHER P.
More notable recent Farmer Brothers Co. (NASDAQ:FARM) news were published by: Prnewswire.com which released: “Farmer Bros. Co. Comments on Carol Farmer Waite Stockholder Group” on September 29, 2016, also Prnewswire.com with their article: “Founding Family Members Form Save Farmer Bros. Group to Drive Meaningful Change” published on August 29, 2016, Dallasnews.com published: “Farmer Brothers relocation to D-FW still on track, despite founding family …” on September 13, 2016. More interesting news about Farmer Brothers Co. (NASDAQ:FARM) were released by: Star-Telegram.com and their article: “Shareholders defend Farmer Brothers in tussle with family” published on September 09, 2016 as well as Seekingalpha.com‘s news article titled: “Why I Am Voting With Farmer Brothers Management And Not The ‘Save Farmer Bros …” with publication date: September 05, 2016.
FARM Company Profile
Farmer Bros. Co., incorporated on February 17, 2004, is a national coffee roaster, wholesaler and distributor of coffee, tea and culinary products. The Firm offers private brand and consumer-branded coffee products to small independent restaurants and foodservice operators, and institutional buyers, such as restaurant and convenience store chains, hotels, casinos, hospitals, and gourmet coffee houses, as well as grocery chains. The Company’s 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.
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