Farmer Brothers Co (FARM): Richard F Farmer , 10% owner of Farmer Brothers Co sold 5 shares on Apr 11, 2016. The Insider selling transaction was reported by the company on Apr 13, 2016 to the Securities and Exchange Commission. The shares were sold at $31.95 per share for a total value of $159.75 according the SEC Form 4 Filing.
Company has been under the radar of several Street Analysts.Farmer Brothers Co. is Initiated by Sidoti to Buy and the brokerage firm has set the Price Target at $54. The Rating was issued on Apr 8, 2016.
Currently the company Insiders own 38.1% of Farmer Brothers Co. shares according to the proxy statements.Institutional Investors own 40.41% of Farmer Brothers Co. shares.During last six month period, the net percent change held by insiders has seen a change of 6.91%.
Shares of Farmer Brothers Co. (FARM) ended Monday, Apr 11, 2016 session in red amid volatile trading. The shares closed down -0.37 points or -1.17% at $31.26 with 52,191 shares getting traded. Post opening the session at $31.76, the shares hit an intraday low of $31.02 and an intraday high of $31.95 and the price vacillated in this range throughout the day. The company has a market cap of $524 M and the number of outstanding shares has been calculated to be 1,67,58,792 shares. The 52-week high of Farmer Brothers Co. is $32.94 and the 52-week low is $20.9.
Farmer Bros. Co. is a manufacturer wholesaler and distributor of coffee tea and culinary products. The Company’s customers include restaurants hotels casinos offices quick service restaurants (QSRs) convenience stores healthcare facilities and other foodservice providers as well as private brand retailers in the QSR grocery drugstore restaurant convenience store and coffee house channels. The Company distributes its products through its nationwide direct-store-delivery (DSD) network of approximately 470 delivery routes 111 branch warehouses and around five distribution centers and through the distribution channels of its national account and institutional customers. The Company offers value-added services to its foodservice customers including beverage equipment installation and service; menu solutions wherein the Company recommends products how these products are prepared in the kitchen and presented on the menu and inventory and product procurement management.