Farmer Bros. upgraded to Buy from Neutral at Roth Capital 08:45 FARM
Earng Sept 9 Van... Check insider these guys are coffee!
Farmer Brothers Company (NASDAQ:FARM) ranks 8th on the list of 10 best coffee stocks to invest in. The Texas-based food service company was founded in 1912 and specializes in the production of coffee and tea. Farmer Brothers Company (NASDAQ: FARM) has over 110 local branches.
In April, Farmer Brothers Company (NASDAQ:FARM) completed a new $127.5 million, four-year financing deal that includes an $80.0 million revolving credit facility and a $47.5 million term loan due April 2025. The deal increased the borrowing capacity of the company. Shares of Farmer Brothers Company (NASDAQ:FARM) rose 109% year to date.
In March, B. Riley Securities analyst Kara Anderson upgraded Farmer Brothers Company (NASDAQ:FARM) to a Buy rating from a Neutral rating and with a $12.50 per share price target. The analyst commented that the re-opening of important states is in favor of the company's recovery.
And now in Sept.... High of $12.... Now $7.... Bottom Sniffer in Da House!
Earng Sept 9 Van... Check insider these guys are coffee!
Farmer Brothers Company (NASDAQ:FARM) ranks 8th on the list of 10 best coffee stocks to invest in. The Texas-based food service company was founded in 1912 and specializes in the production of coffee and tea. Farmer Brothers Company (NASDAQ: FARM) has over 110 local branches.
In April, Farmer Brothers Company (NASDAQ:FARM) completed a new $127.5 million, four-year financing deal that includes an $80.0 million revolving credit facility and a $47.5 million term loan due April 2025. The deal increased the borrowing capacity of the company. Shares of Farmer Brothers Company (NASDAQ:FARM) rose 109% year to date.
In March, B. Riley Securities analyst Kara Anderson upgraded Farmer Brothers Company (NASDAQ:FARM) to a Buy rating from a Neutral rating and with a $12.50 per share price target. The analyst commented that the re-opening of important states is in favor of the company's recovery.
And now in Sept.... High of $12.... Now $7.... Bottom Sniffer in Da House!