The President & CEO of Farmer Brothers Company (NASDAQ: FARM) is Buying Shares

By Carrie Williams

Today, the President & CEO of Farmer Brothers Company (NASDAQ: FARM), Michael Keown, bought shares of FARM for $275.6K.

This recent transaction increases Michael Keown’s holding in the company by 49.1% to a total of $1.46 million.

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Based on Farmer Brothers Company’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $158 million and GAAP net loss of $3.91 million. In comparison, last year the company earned revenue of $138 million and had a net profit of $1.59 million. Currently, Farmer Brothers Company has an average volume of 47.73K.

Starting in October 2013, FARM received 26 Buy ratings in a row.

The insider sentiment on Farmer Brothers Company has been neutral according to 29 insider trades in the past three months. This sentiment is higher than the average sentiment of company insiders in this sector.

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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.