farmer brothers is a leading national coffee roaster, wholesaler and distributor of coffee, tea and culinary products. our product lines incorporate organic, fair trade and sustainably produced coffee beans. the company’s portfolio features a wide range of coffees including artisan collection™, metropolitan™, superior®, cain’s™ and mcgarvey®. with a full line of hot and iced teas, spices, mixes and coffee/tea brewing equipment, farmer brothers delivers comprehensive beverage planning services to its 65,000+ customers across the us. our company is a direct distributor to restaurants, hotels, casinos, offices, quick service restaurants (“qsr's”), convenience stores, healthcare facilities and other foodservice providers, as well as private brand retailers. to meet our customers' needs we carry hundreds of items including roasted coffee, liquid coffee, coffee related products such as coffee filters, sugar and creamers, assorted teas, cappuccino, cocoa, spices, gelatins and puddings, soup,
Company profile
Ticker
FARM
Exchange
Website
CEO
Deverl Maserang
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
Subsidiaries
FBC Finance Company • Coffee Bean Holding Co., Inc. • Coffee Bean International, Inc. • China Mist Brands, Inc. • Boyd Assets Co. ...
IRS number
950725980
FARM stock data
Latest filings (excl ownership)
8-K
Investor Presentation March 2024
15 Mar 24
8-K
Entry into a Material Definitive Agreement
7 Mar 24
10-Q
2024 Q2
Quarterly report
8 Feb 24
8-K
Farmer Brothers reports second quarter fiscal 2024 financial results and publishes quarterly shareholder letter
8 Feb 24
8-K
Farmer Brothers Names John Moore Chief Executive Officer
6 Feb 24
8-K
Submission of Matters to a Vote of Security Holders
26 Jan 24
DEF 14A
Definitive proxy
12 Dec 23
8-K
Entry into a Material Definitive Agreement
7 Dec 23
8-K
Farmer Brothers reports first quarter fiscal 2024 financial results and publishes quarterly shareholder letter
9 Nov 23
10-Q
2024 Q1
Quarterly report
9 Nov 23
Transcripts
FARM
Earnings call transcript
2024 Q2
8 Feb 24
FARM
Earnings call transcript
2024 Q1
9 Nov 23
FARM
Earnings call transcript
2023 Q4
12 Sep 23
FARM
Earnings call transcript
2023 Q3
10 May 23
FARM
Earnings call transcript
2023 Q2
8 Feb 23
FARM
Earnings call transcript
2023 Q1
3 Nov 22
FARM
Earnings call transcript
2022 Q4
2 Sep 22
FARM
Earnings call transcript
2022 Q3
7 May 22
FARM
Earnings call transcript
2022 Q2
4 Feb 22
FARM
Earnings call transcript
2022 Q1
7 Nov 21
Latest ownership filings
4
TERENCE C OBRIEN
1 Apr 24
4/A
Change in insider ownership (amended)
15 Mar 24
4/A
Change in insider ownership (amended)
15 Mar 24
3
TERENCE C OBRIEN
13 Mar 24
SC 13D/A
22NW Fund, LP
7 Mar 24
SC 13D/A
JCP Investment Management, LLC
7 Mar 24
4
Bradley Louis Radoff
13 Feb 24
4
JOHN E. MOORE III
13 Feb 24
4
Change in insider ownership
13 Feb 24
4
WAHEED ZAMAN
13 Feb 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Diluted EPS |
Annual (USD) | Jun 23 | Jun 22 | Jun 21 | Jun 20 | |
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Revenue | |||||
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Operating income | |||||
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Net income | |||||
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 4.21 mm | 4.21 mm | 4.21 mm | 4.21 mm | 4.21 mm | 4.21 mm |
Cash burn (monthly) | 402.00 k | 293.75 k | 696.00 k | 2.43 mm | 2.38 mm | 49.83 k |
Cash used (since last report) | 2.76 mm | 2.01 mm | 4.77 mm | 16.64 mm | 16.31 mm | 341.65 k |
Cash remaining | 1.46 mm | 2.20 mm | -558.64 k | -12.42 mm | -12.10 mm | 3.87 mm |
Runway (months of cash) | 3.6 | 7.5 | -0.8 | -5.1 | -5.1 | 77.7 |
Institutional ownership, Q2 2023
70.3% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 47 |
Opened positions | 10 |
Closed positions | 12 |
Increased positions | 10 |
Reduced positions | 11 |
13F shares | Current |
---|---|
Total value | 26.32 bn |
Total shares | 14.81 mm |
Total puts | 28.10 k |
Total calls | 38.40 k |
Total put/call ratio | 0.7 |
Largest owners | Shares | Value |
---|---|---|
Farmer Bros. Co. 401 | 2.13 mm | $0.00 |
22NW Fund | 1.96 mm | $5.40 mm |
22NW | 1.96 mm | $5.42 bn |
JCP Investment Management | 992.83 k | $2.75 bn |
Gamco Investors | 822.80 k | $2.28 bn |
Vanguard | 781.61 k | $2.17 bn |
Penn Capital Management | 763.33 k | $2.11 bn |
TETAA Teton Advisors | 684.00 k | $1.89 bn |
Azarias Capital Management | 595.95 k | $1.65 bn |
Renaissance Technologies | 512.30 k | $1.42 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Apr 24 | Terence C Obrien | Common Stock | Grant | Acquire A | No | No | 0 | 24,189 | 0.00 | 24,189 |
12 Feb 24 | Farmer Brothers | Common Stock | Grant | Acquire A | No | No | 0 | 25,885 | 0.00 | 330,679 |
12 Feb 24 | Radoff Bradley Louis | Common Stock | Grant | Acquire A | No | No | 0 | 25,885 | 0.00 | 330,679 |
News
12 Consumer Staples Stocks Moving In Tuesday's After-Market Session
9 Apr 24
Farmer Brothers Signs Lease On New Fort Worth, Texas Headquarters
26 Mar 24
Farmer Bros Q2 2024 GAAP EPS $0.13, Sales $89.45M Beat $88.50M Estimate
8 Feb 24
Earnings Scheduled For February 8, 2024
8 Feb 24
Earnings Outlook For Farmer Bros
7 Feb 24
Press releases
Farmer Brothers Signs Lease on New Fort Worth, Texas Headquarters
26 Mar 24
Farmer Brothers Names Matthew Swenson Vice President of Coffee Operations
1 Mar 24
Farmer Brothers to Participate in 36th Annual ROTH Conference and Upcoming Industry Tradeshows
12 Feb 24
Farmer Brothers reports second quarter fiscal 2024 financial results and publishes quarterly shareholder letter
8 Feb 24
Farmer Brothers to report fiscal second quarter 2024 financial results
30 Jan 24