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
Press releases
Farmer Bros. Co. to Report Fourth Quarter & Fiscal 2022 Financial Results
18 Aug 22
Farmer Bros. Co. Announces Amendment to ABL Credit Facility
9 Aug 22
Farmer Bros. Co. Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
3 Aug 22
Farmer Bros. Co. Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4)
15 Jul 22
Calendar
5 May 22
20 Aug 22
30 Jun 23
Financial summary
Quarter (USD) | Mar 22 | Dec 21 | Sep 21 | Jun 21 | |
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Diluted EPS |
Annual (USD) | Jun 21 | Jun 20 | Jun 19 | Jun 18 | |
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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) | 10.55M | 10.55M | 10.55M | 10.55M | 10.55M | 10.55M |
Cash burn (monthly) | (no burn) | (no burn) | 1.32M | 1.48M | 344K | 635.42K |
Cash used (since last report) | n/a | n/a | 6.13M | 6.89M | 1.6M | 2.96M |
Cash remaining | n/a | n/a | 4.43M | 3.66M | 8.95M | 7.6M |
Runway (months of cash) | n/a | n/a | 3.4 | 2.5 | 26.0 | 12.0 |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
18 Jul 22 | Scott Ray Drake | Common Stock | Payment of exercise | Dispose F | No | No | 5.01 | 2,322 | 11.63K | 152,046 |
3 May 22 | Matthew Coffman | Common Stock | Grant | Acquire A | No | No | 0 | 7,949 | 0 | 7,949 |
12 Apr 22 | Jared Vitemb | Common Stock | Grant | Acquire A | No | No | 0 | 31,034 | 0 | 31,034 |
Institutional ownership, Q2 2022
60.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 49 |
Opened positions | 3 |
Closed positions | 7 |
Increased positions | 23 |
Reduced positions | 15 |
13F shares | Current |
---|---|
Total value | 58.98M |
Total shares | 11.07M |
Total puts | 0 |
Total calls | 0 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
22NW | 1.42M | $6.65M |
Kennedy Capital Management | 971.64K | $4.56M |
Tocqueville Asset Management | 834.3K | $3.91M |
Azarias Capital Management | 809.86K | $3.8M |
JCP Investment Management | 762.76K | $3.58M |
GBL Gamco Investors | 758.59K | $3.56M |
Dimensional Fund Advisors | 601.34K | $2.82M |
Penn Capital Management | 594.95K | $2.79M |
Renaissance Technologies | 568.9K | $2.67M |
Vanguard | 539.19K | $2.53M |
Financial report summary
?Risks
- We face exposure to other commodity cost fluctuations, which could impact our margins and profitability.
- Our efforts to secure an adequate supply of quality coffees and other raw materials may be unsuccessful and impact our ability to supply our customers or expose us to commodity price risk.
- We rely on co-packers to provide our supply of tea, spice, culinary and other products. Any failure by co-packers to fulfill their obligations or any termination or renegotiation of our co-pack agreements could adversely affect our results of operations.
- Customer quality control problems or food safety issues may adversely affect our brands thereby negatively impacting our sales or leading to potential product recalls or product liability claims.
- Our ability to use our net operating loss carryforwards to offset future taxable net income may be subject to certain limitations.
- We could face significant withdrawal liability if we withdraw from participation in the multiemployer pension plans in which we participate.
- Litigation pending against us could expose us to significant liabilities and damage our reputation.
- We are self-insured and our reserves may not be sufficient to cover future claims.
- Our liquidity has been adversely affected as a result of our operating performance in recent periods and may be further materially adversely affected by constraints in the capital and credit markets and limitations under our financing arrangements.
- Our outstanding Series A Preferred Stock or future equity offerings could adversely affect the holders of our common stock in some circumstances.
- Anti-takeover provisions or stockholder dilution could make it more difficult for a third party to acquire us.
- Volatility in the equity markets or interest rate fluctuations could substantially increase our pension funding requirements and negatively impact our financial position.
- Failure to prevent the unauthorized access, use, theft or destruction of personal, financial and other confidential information relating to our customers, suppliers, employees or our Company, could damage our business reputation, negatively affect our results of operations, and expose us to potential liability.
Management Discussion
- We are a national coffee roaster, wholesaler and distributor of coffee, tea and culinary products manufactured under supply agreements, under our owned brands, as well as under private labels on behalf of certain customers. We were founded in 1912, incorporated in California in 1923, and reincorporated in Delaware in 2004. Our principal office is located in Northlake, Texas. We operate in one business segment.
- We serve a wide variety of customers, from small independent restaurants and foodservice operators to large institutional buyers like restaurants, department and convenience store chains, hotels, casinos, healthcare facilities, and gourmet coffee houses, as well as grocery chains with private brand and consumer-branded coffee and tea products, and foodservice distributors. We are a coffee company dedicated to deliver the coffee people want, the way they want it. We are focused on being a growing and profitable forward-thinking industry leader, championing coffee culture through understanding, leading, building and winning in the business of coffee. Through our sustainability, stewardship, environmental efforts, and leadership we are not only committed to serving the finest products available, considering the cost needs of the customer, but also insist on their sustainable cultivation, manufacture and distribution whenever possible.
- Our product categories consist of a robust line of roast and ground coffee, including organic, Direct Trade, Project D.I.R.E.C.T.® and other sustainably-produced offerings; frozen liquid coffee; flavored and unflavored iced and hot teas; including organic and Rainforest Alliance Certified™; culinary products including premium spices, pancake and biscuit mixes, gravy and sauce mixes, soup bases, dressings, syrups and sauces, and coffee-related products such as coffee filters, cups, sugar and creamers; and other beverages including cappuccino, cocoa, granitas, and other blender-based beverages and concentrated and ready-to-drink cold brew and iced coffee. We offer a comprehensive approach to our customers by providing not only a breadth of high-quality products, but also value added services such as market insight, beverage planning, and equipment placement and service.
Content analysis
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H.S. freshman Avg
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New words:
allied, called, larger, leading, left, overnight, published, slower, USD
Removed:
allocated, allocation, collateralized, continuation, covenant, decided, declined, formula, individually, modified, resulted, trustee
Financial reports
Current reports
8-K
Farmer Bros. Co. Announces Amendment to ABL Credit Facility
8 Aug 22
8-K
Farmer Bros. Co. Reports Fiscal Third Quarter 2022 Financial Results
4 May 22
8-K
Departure of Directors or Certain Officers
19 Apr 22
8-K
March 2022Conference Presentation
14 Mar 22
8-K
Farmer Bros. Co. Reports Fiscal Second Quarter 2022 Financial Results
3 Feb 22
8-K
Departure of Directors or Certain Officers
19 Jan 22
8-K
Changes in Registrant's Certifying Accountant
22 Dec 21
8-K
Departure of Directors or Certain Officers
16 Dec 21
8-K
Farmer Bros. Co. Reports Fiscal First Quarter 2022 Financial Results
4 Nov 21
8-K
Departure of Directors or Certain Officers
22 Oct 21
Registration and prospectus
S-8
Registration of securities for employees
28 Dec 21
S-8
Registration of securities for employees
9 Dec 20
S-8
Registration of securities for employees
9 Dec 20
S-3/A
Shelf registration (amended)
4 Dec 17
S-8
Registration of securities for employees
26 Jun 17
424B3
Prospectus supplement
28 Aug 16
S-3
Shelf registration
14 Aug 16
S-8
Registration of securities for employees
27 Sep 15
Proxies
PX14A6G
Letter to shareholders
15 Nov 21
DEFA14A
Additional proxy soliciting materials
12 Nov 21
DEFA14A
Additional proxy soliciting materials
27 Oct 21
PRE 14A
Preliminary proxy
15 Oct 21
DEFA14A
Additional proxy soliciting materials
28 Oct 20
DEF 14A
Definitive proxy
27 Oct 20
DFAN14A
Additional proxy materials by non-management
9 Dec 19
DFAN14A
Additional proxy materials by non-management
9 Dec 19
DEFA14A
Additional proxy soliciting materials
3 Dec 19
Other
EFFECT
Notice of effectiveness
9 Dec 21
CORRESP
Correspondence with SEC
5 Dec 21
UPLOAD
Letter from SEC
16 Nov 21
EFFECT
Notice of effectiveness
17 Dec 17
CORRESP
Correspondence with SEC
12 Dec 17
CORRESP
Correspondence with SEC
4 Dec 17
CORRESP
Correspondence with SEC
4 Dec 17
UPLOAD
Letter from SEC
20 Nov 17
UPLOAD
Letter from SEC
31 Oct 16
UPLOAD
Letter from SEC
26 Oct 16
Ownership
4/A
FARMER BROTHERS / CHRISTOPHER P MOTTERN ownership change
2 Aug 22
4
FARMER BROTHERS / II D Deverl Maserang ownership change
19 Jul 22
4
FARMER BROTHERS / Ruben E Inofuentes ownership change
19 Jul 22
4
FARMER BROTHERS / MAURICE S.J. MORAGNE ownership change
19 Jul 22
4
FARMER BROTHERS / Scott Ray Drake ownership change
19 Jul 22
4
FARMER BROTHERS / Scott Ray Drake ownership change
11 May 22
4
FARMER BROTHERS / MATTHEW COFFMAN ownership change
4 May 22
3
FARMER BROTHERS / MATTHEW COFFMAN ownership change
25 Apr 22
4
FARMER BROTHERS / Jared Vitemb ownership change
14 Apr 22
3
FARMER BROTHERS / Jared Vitemb ownership change
31 Mar 22
Transcripts
2022 Q3
Earnings call transcript
7 May 22
2022 Q2
Earnings call transcript
4 Feb 22
2022 Q1
Earnings call transcript
7 Nov 21
2021 Q4
Earnings call transcript
10 Sep 21
2021 Q3
Earnings call transcript
9 May 21
2021 Q2
Earnings call transcript
5 Feb 21
2021 Q1
Earnings call transcript
8 Nov 20
2020 Q4
Earnings call transcript
10 Sep 20
2020 Q3
Earnings call transcript
10 May 20
2020 Q2
Earnings call transcript
6 Feb 20
Reddit threads
Daily Discussion Thread - May 5th, 2022
5 May 22
Daily Discussion Thread - May 4th, 2022
4 May 22
This R****d Just Got a Bloomberg Terminal
22 Feb 22
Daily Discussion Thread - February 3rd, 2022
3 Feb 22
Daily Discussion Thread - February 2nd, 2022
2 Feb 22
Daily Discussion Thread - February 1st, 2022
1 Feb 22
Daily Discussion Thread - January 31st, 2022
31 Jan 22
Is coffee a good investment, and if so, what is the best way to invest into it?
30 Jan 22
Please read. This new token is a scam! META FARM DAO .. new to coin market cap today please DO NOT buy it like I did
19 Jan 22
Announcements x Daily Discussion for Thursday, January 13, 2022
13 Jan 22