Founded in 1912, Farmer Bros. Co. is a national coffee roaster, wholesaler, equipment servicer, and distributor of coffee, tea, and culinary products. The Company's product lines include organic, Direct Trade, and sustainably produced coffee. With a robust line of coffee, hot and iced teas, cappuccino mixes, spices, and baking/biscuit mixes, the Company delivers extensive beverage planning services and culinary products to its U.S.-based customers. The Company serves a wide variety of customers, from small independent restaurants and foodservice operators to large 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.
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/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
8-K
Amendments to Articles of Incorporation or Bylaws
12 Jan 23
DEFA14A
Additional proxy soliciting materials
9 Dec 22
DEFA14A
Additional proxy soliciting materials
2 Dec 22
Transcripts
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
FARM
Earnings call transcript
2020 Q4
10 Sep 20
Latest ownership filings
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
4
WAHEED ZAMAN
13 Feb 23
Financial summary
| Quarter (USD) | Dec 22 | Sep 22 | Jun 22 | Mar 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) | 19.94 mm | 19.94 mm | 19.94 mm | 19.94 mm | 19.94 mm | 19.94 mm |
| Cash burn (monthly) | (no burn) | (no burn) | 4.52 mm | 2.43 mm | (no burn) | (no burn) |
| Cash used (since last report) | n/a | n/a | 13.65 mm | 7.35 mm | n/a | n/a |
| Cash remaining | n/a | n/a | 6.29 mm | 12.59 mm | n/a | n/a |
| Runway (months of cash) | n/a | n/a | 1.4 | 5.2 | n/a | n/a |
Institutional ownership, Q4 2022
84.5% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 48 |
| Opened positions | 7 |
| Closed positions | 4 |
| Increased positions | 13 |
| Reduced positions | 14 |
| 13F shares | Current |
|---|---|
| Total value | 46.01 bn |
| Total shares | 16.87 mm |
| Total puts | 1.60 k |
| Total calls | 8.60 k |
| Total put/call ratio | 0.2 |
| 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 | $9.01 bn |
| JCP Investment Management | 992.83 k | $4.58 bn |
| Tocqueville Asset Management | 949.70 k | $4.38 bn |
| Gamco Investors | 819.80 k | $3.78 bn |
| Azarias Capital Management | 772.32 k | $3.56 bn |
| Penn Capital Management | 762.35 k | $3.51 bn |
| Vanguard | 757.52 k | $3.49 bn |
| Kennedy Capital Management | 653.00 k | $3.01 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| 10 Feb 23 | Loretz Congdon Stacy | Common Stock | Grant | Acquire A | No | No | 0 | 23,023 | 0.00 | 68,664 |
News
Press releases
Farmer Bros. Co. Reports Fiscal Second Quarter 2023 Financial Results and Publishes Inaugural Quarterly Shareholder Letter
8 Feb 23
Farmer Bros. Co. Names Vice President of Direct Store Delivery; Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
2 Feb 23
Farmer Bros. Co. to Report Fiscal Second Quarter 2023 Financial Results and Publish Inaugural Quarterly Shareholder Letter
1 Feb 23
Farmer Bros. Co. Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
4 Jan 23