In a report released today, Kara Anderson from B.Riley FBR maintained a Buy rating on Farmer Brothers Company (NASDAQ: FARM), with a price target of $32. The company’s shares opened today at $26.65.
According to TipRanks.com, Anderson is a 4-star analyst with an average return of 9.0% and a 50.0% success rate. Anderson covers the Services sector, focusing on stocks such as Weight Watchers International, Spark Networks Plc, and Nutrisystem Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Farmer Brothers Company with a $32 average price target.
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Based on Farmer Brothers Company’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $133K. In comparison, last year the company had a net profit of $1.11 million.
Based on the recent corporate insider activity of 33 insiders, corporate insider sentiment is negative on the stock.
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Farmer Brothers Co. engages in the manufacture, wholesale, and distribution of coffee, tea, and culinary products under its own brands to restaurants, hotels, casinos, hospitals, and other food service providers. The company’s products include roasted coffee, liquid coffee, coffee related products, such as coffee filters, sugar and creamers, assorted teas, cappuccino, cocoa, spices, gelatins and puddings, soup, gravy and sauce mixes, pancake and biscuit mixes, and jellies and preserves. Its services include beverage equipment services and menu solutions. The company was founded by Roy E. Farmer in 1912 and is headquartered in Northlake, TX.
