Farmer Bros. Co (NASDAQ:FARM)’s traded shares stood at 21.67 million during the latest session, with the company’s beta value hitting 1.91. At the last check today, the stock’s price was $2.11, to imply an increase of 16.94% or $0.31 in intraday trading. The FARM share’s 52-week high remains $3.86, putting it -82.94% down since that peak but still an impressive 24.17% since price per share fell to its 52-week low of $1.60. The company has a valuation of $44.94M, with an average of 77620.0 shares in intraday trading volume over the past 10 days and average of 84.37K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Farmer Bros. Co (FARM), translating to a mean rating of 1.00. Of 1 analyst(s) looking at the stock, 0 analyst(s) give FARM a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.11.
Farmer Bros. Co (NASDAQ:FARM) trade information
After registering a 16.94% upside in the latest session, Farmer Bros. Co (FARM) has traded red over the past five days. The 5-day price performance for the stock is 21.68%, and 15.66% over 30 days. With these gigs, the year-to-date price performance is 16.94%. Short interest in Farmer Bros. Co (NASDAQ:FARM) saw shorts transact 86322.0 shares and set a 1.19 days time to cover.
Farmer Bros. Co (FARM) estimates and forecasts
Looking at statistics comparing Farmer Bros. Co share performance against respective industry, we note that the company has underperformed competitors. Farmer Bros. Co (FARM) shares are -13.37% down over the last 6 months, with its year-to-date growth rate lower than industry average at -10.71% against 0.70%. The rating firms project that company’s revenue will grow 3.41% compared to the previous financial year.
Revenue forecast for the current quarter as set by 2 analysts is 89.71M. Meanwhile, for the current quarter, a total of 2 analyst(s) estimate revenue growth to 86.82M.Earnings reports from the last fiscal year show that sales brought in 85.36M and 84.4M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 5.10% before jumping 2.87% in the following quarter.
FARM Dividends
Farmer Bros. Co has its next earnings report out in March. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. The company’s average dividend yield trailing the past 5-year period is 2.36%.
Farmer Bros. Co (NASDAQ:FARM)’s Major holders
Farmer Bros. Co insiders hold 17.89% of total outstanding shares, with institutional holders owning 41.40% of the shares at 50.42% float percentage. In total, 41.40% institutions holds shares in the company, led by 22NW, LP. As of 2024-06-30, the company held over 1.96 million shares (or 9.2658% of shares), all amounting to roughly $5.24 million.
The next major institution holding the largest number of shares is JCP INVESTMENT MANAGEMENT, LLC with 0.99 million shares, or about 4.7043% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $2.66 million.
We also have EQ Advisors Trust-1290 VT Gamco Small Company Value Port and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Farmer Bros. Co (FARM) shares. Going by data provided on Sep 30, 2024 , EQ Advisors Trust-1290 VT Gamco Small Company Value Port holds roughly 587.0 shares. This is just over 2.75% of the total shares, with a market valuation of $1.27 million. Data from the same date shows that the other fund manager holds a little less at 511.92, or 2.40% of the shares, all valued at about 1.11 million.
