Farmer Brothers Co (FARM): Michael H Keown , President, CEO of Farmer Brothers Co sold 12,000 shares on Jun 10, 2016. The Insider selling transaction was reported by the company on Jun 14, 2016 to the Securities and Exchange Commission. The shares were sold at $30.14 per share for a total value of $361,666.81 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 20, 2016, Richard F Farmer (10% owner) sold 600,000 shares at $25.00 per share price.On May 17, 2016, Charles F Marcy (director) purchased 1,000 shares at $28.81 per share price.Also, On May 13, 2016, Christopher P Mottern (director) purchased 1,000 shares at $29.35 per share price.On Dec 2, 2015, Mark Joseph Nelson (other) sold 1,318 shares at $29.67 per share price.
Farmer Brothers Co. (FARM) witnessed a volatile trading activity on Friday Jun 10, 2016 and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $29.89 and reached the intraday high at $30.25. The bulls started the profit booking and pushed the shares to intraday low of $29.87. The trading session was marked by a volume range of 44,853 shares exchanging hands. The 52-week high of the shares is $32.94 and the 52-week low is $20.9. The market cap of the company stands at $507 M and there are 1,67,69,028 shares in public circulation.
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.
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.