Farmer Brothers traded at $1.28 this Monday May 4th, decreasing $0.01 or 0.78 percent since the previous trading session. Looking back, over the last four weeks, Farmer Brothers lost 1.59 percent. Over the last 12 months, its price fell by 26.86 percent. Looking ahead, we forecast Farmer Brothers to be priced at 1.25 by the end of this quarter and at 1.18 in one year, according to Trading Economics global macro models projections and analysts expectations.
Farmer Bros. Co. is a national coffee roaster, wholesaler and distributor of coffee, tea and culinary products. The Company’s product lines include organic, Direct Trade and sustainably produced coffee. The Company with a line of coffee, hot and iced teas, cappuccino mixes, spices, and baking/biscuit mixes delivers beverage planning services and culinary products to its United States-based customers. The Company serves a range of customers from small independent restaurants and foodservice operators to institutional buyers like restaurant, department and convenience store chains, hotels, casinos, healthcare facilities and gourmet coffee houses, as well as grocery chains with private brand coffee and consumer branded coffee and tea products, and foodservice distributors. Its product categories consist of roast and ground coffee, frozen liquid coffee; flavored and unflavored iced and hot teas; culinary products; spices, and other beverages including cappuccino, cocoa and granitas.