Media headlines about Farmer Brothers (NASDAQ:FARM) have trended somewhat positive on Saturday, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Farmer Brothers earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.0835867698536 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Teen cattle farmer is winning international plaudits for his Aberdeen Angus herd (edp24.co.uk)
- Robertson brothers excel in stock judging (www2.nzherald.co.nz)
- Haugesund: New Europe Film Sales Drives Further into Nordic Films (variety.com)
- Farmer Brothers Co. breached its 50 day moving average in a Bullish Manner : FARM-US : August 15, 2017 (finance.yahoo.com)
- PFOP: Ag leader Walter Meers, from tenant to wealthy farmer, landowner (pantagraph.com)
Farmer Brothers (NASDAQ:FARM) traded up 0.50% on Friday, reaching $30.20. 30,680 shares of the company’s stock traded hands. Farmer Brothers has a 52 week low of $28.90 and a 52 week high of $37.55. The stock has a 50-day moving average of $30.51 and a 200 day moving average of $32.45. The firm has a market capitalization of $501.47 million, a P/E ratio of 4.70 and a beta of 0.48.
A number of research analysts recently weighed in on the stock. B. Riley restated a “buy” rating and issued a $37.25 price objective on shares of Farmer Brothers in a report on Monday, July 10th. ValuEngine upgraded shares of Farmer Brothers from a “sell” rating to a “hold” rating in a report on Friday, June 2nd. TheStreet cut shares of Farmer Brothers from a “b” rating to a “c+” rating in a report on Tuesday, May 30th. Finally, Zacks Investment Research cut shares of Farmer Brothers from a “hold” rating to a “sell” rating in a report on Thursday, May 11th.
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In other news, major shareholder Carol Farmer Waite sold 350,000 shares of Farmer Brothers stock in a transaction that occurred on Friday, August 11th. The shares were sold at an average price of $29.60, for a total transaction of $10,360,000.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 9.20% of the company’s stock.
About Farmer Brothers
Farmer Bros. Co is a national coffee roaster, wholesaler and distributor of coffee, tea and culinary products. The Company offers private brand and consumer-branded coffee products to small independent restaurants and foodservice operators, and institutional buyers. Its 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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