Roth Capital Maintains Buy On Farmer Brothers Shares, $30 PT
In a research report issued today, Roth Capital analyst Anton Brenner maintained a Buy rating on Farmer Brothers (NASDAQ:FARM) with a price target of $30.00.
Brenner observed, “Restaurant chains, convenience stores and other foodservice businesses continue to upgrade their coffee platforms in avoid losing share in this profitable category . Farmer Bros. is a strong contender to capture any of these accounts. With its customer base increasing, significant potential to improve profit margins, we look for sustained strong EPS growth over the next several years.”
According to TipRanks.com, which measures analysts’ and bloggers’ success rate based on how their calls perform, analyst Anton Brenner has a total average return of 11.0% and a 60.0% success rate. Brenner has a 32.2% average return when recommending FARM, and is ranked #799 out of 3253 analysts.