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
Analyst ratings and price targets
Latest filings (excl ownership)
8-K
Entry into a Material Definitive Agreement
7 Jun 23
10-Q
2023 Q3
Quarterly report
10 May 23
8-K
Farmer Brothers reports fiscal third quarter 2023 financial results and publishes quarterly shareholder letter
10 May 23
8-K/A
Departure of Directors or Certain Officers
28 Mar 23
15-12G
Securities registration termination
27 Mar 23
S-8 POS
Registration of securities for employees (post-effective amendment)
27 Mar 23
8-K
Departure of Directors or Certain Officers
15 Feb 23
10-Q
2023 Q2
Quarterly report
8 Feb 23
8-K
Farmer Bros. Co. Reports Fiscal Second Quarter 2023 Financial Results and Publishes Inaugural Quarterly Shareholder Letter
8 Feb 23
8-K
Amendments to Articles of Incorporation or Bylaws
2 Feb 23
Transcripts
FARM
Earnings call transcript
2023 Q3
10 May 23
FARM
Earnings call transcript
2023 Q2
8 Feb 23
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
FARM
Earnings call transcript
2021 Q4
10 Sep 21
FARM
Earnings call transcript
2021 Q3
9 May 21
FARM
Earnings call transcript
2021 Q2
5 Feb 21
FARM
Earnings call transcript
2021 Q1
8 Nov 20
Latest ownership filings
4
Scott Ray Drake
11 May 23
SC 13G/A
KENNEDY CAPITAL MANAGEMENT LLC
14 Feb 23
4/A
WAHEED ZAMAN
13 Feb 23
4/A
ALFRED POE
13 Feb 23
4/A
Congdon Stacy Loretz
13 Feb 23
4/A
ALLISON M BOERSMA
13 Feb 23
4/A
John D Robinson
13 Feb 23
4
CHRISTOPHER P MOTTERN
13 Feb 23
4
Bradley Louis Radoff
13 Feb 23
4
Congdon Stacy Loretz
13 Feb 23
Financial summary
| Quarter (USD) | Mar 23 | Dec 22 | Sep 22 | Jun 22 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Jun 22 | Jun 21 | Jun 20 | Jun 19 | |
|---|---|---|---|---|---|
| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| 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) | 7.43 mm | 7.43 mm | 7.43 mm | 7.43 mm | 7.43 mm | 7.43 mm |
| Cash burn (monthly) | 4.17 mm | 260.17 k | 3.80 mm | 3.05 mm | 3.28 mm | 675.83 k |
| Cash used (since last report) | 9.67 mm | 603.40 k | 8.81 mm | 7.08 mm | 7.61 mm | 1.57 mm |
| Cash remaining | -2.24 mm | 6.83 mm | -1.38 mm | 347.87 k | -180.93 k | 5.86 mm |
| Runway (months of cash) | -0.5 | 26.2 | -0.4 | 0.1 | -0.1 | 8.7 |
Institutional ownership, Q1 2023
83.9% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 49 |
| Opened positions | 5 |
| Closed positions | 4 |
| Increased positions | 12 |
| Reduced positions | 12 |
| 13F shares | Current |
|---|---|
| Total value | 43.34 bn |
| Total shares | 16.86 mm |
| Total puts | 47.30 k |
| Total calls | 23.00 k |
| Total put/call ratio | 2.1 |
| Largest owners | Shares | Value |
|---|---|---|
| Farmer Bros. Co. 401 | 2.13 mm | $0.00 |
| 22NW Fund | 1.96 mm | $9.68 mm |
| 22NW | 1.96 mm | $7.55 bn |
| JCP Investment Management | 992.83 k | $3.83 bn |
| Tocqueville Asset Management | 954.55 k | $3.68 bn |
| Gamco Investors | 847.00 k | $3.27 bn |
| Azarias Capital Management | 812.24 k | $3.14 bn |
| Penn Capital Management | 786.71 k | $3.04 bn |
| Vanguard | 781.61 k | $3.02 bn |
| Dimensional Fund Advisors | 646.12 k | $2.49 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 9 May 23 | Scott Ray Drake | Common Stock | Payment of exercise | Dispose F | No | No | 2.65 | 8,893 | 23.57 k | 174,979 |
| 10 Feb 23 | Boersma Allison M | Common Stock | Grant | Acquire A | No | No | 0 | 23,023 | 0.00 | 68,936 |
| 10 Feb 23 | Pace David | Common Stock | Grant | Acquire A | No | No | 0 | 21,252 | 0.00 | 21,252 |
| 10 Feb 23 | Poe Alfred | Common Stock | Grant | Acquire A | No | No | 0 | 23,023 | 0.00 | 56,787 |
| 10 Feb 23 | John D Robinson | Common Stock | Grant | Acquire A | No | No | 0 | 23,023 | 0.00 | 37,706 |
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7 Jun 23
Why Farmer Brothers Shares Are Jumping Today
7 Jun 23
High-Impact Movers for June 7th
7 Jun 23
Press releases
Farmer Brothers announces agreement to sell direct ship business and Northlake, Texas facility to TreeHouse Foods
7 Jun 23
TreeHouse Foods to Acquire Farmer Brothers' Northlake, Texas Coffee Facility
7 Jun 23
Farmer Brothers reports fiscal third quarter 2023 financial results and publishes quarterly shareholder letter
10 May 23
Farmer Brothers announces date and time change for third quarter 2023 fiscal year conference call
4 May 23
Farmer Brothers schedules third quarter 2023 fiscal year earnings release and conference call
2 May 23