On June 7, 2023, TreeHouse Foods revealed its plan to acquire Farmer Brothers’ Northlake, Texas coffee facility for a whopping $100 million. The acquisition is a strategic move that will give TreeHouse Foods the power to offer its customers a more comprehensive private label coffee experience from start to finish. This purchase is part of TreeHouse Foods’ larger plan to expand its private label coffee business.
Meanwhile, Farmer Brothers is a well-known national roaster and coffee distributor based in Dallas, Texas. The company provides top-quality coffee programs for foodservice industries and beyond. In 2017, Farmer Brothers made headlines when it acquired Boyd’s Coffee for nearly $60 million. And just recently, in 2021, Farmer Brothers announced the opening of a West Coast distribution center.
On the other hand, TreeHouse Foods made its own big announcement in August of 2022. The company revealed that it had reached a definitive agreement to sell a significant portion of its meal preparation business to Investindustrial for a whopping $950 million.
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FARM Stock Analysis: Earnings Growth, Revenue Growth, and Market Cap in 2023
On June 7, 2023, FARM stock opened at 1.88, slightly higher than its previous close of 1.86, with a day’s range of 1.84 to 1.94 and a volume of 66,361. The market cap of FARM was $36.6M. FARM had an earnings growth of +62.70% in the last year, but a decline of -157.30% in earnings growth this year. The company is expected to have an earnings growth of +8.00% in the next five years. The revenue growth of FARM was +17.93% in the last year. FARM is in the food: specialty/candy industry, with a net profit margin of -3.34%. FARM’s next reporting date is on September 12, 2023, and the EPS forecast for this quarter is -$0.60. FARM had an annual revenue of $469.2M and an annual profit of -$15.7M in the last year. FARM does not have any executives to display, and its corporate headquarters is located in Northlake, Texas.
Analysts Predict 212.50% Increase in Farmer Bros Co (FARM) Stock Price: Buy Rating Suggests Strong Potential for Growth
On June 7, 2023, Farmer Bros Co (FARM) had a median target price of $6.00, according to one analyst offering a 12-month price forecast. This represents a significant increase of 212.50% from the last price of $1.92. The high and low estimates for the stock were also $6.00, indicating a consensus among analysts that FARM has strong potential for growth. The current consensus among one polled investment analyst is to buy stock in Farmer Bros Co, which has held steady since August. This buy rating suggests that the company is expected to perform well in the future, and investors are advised to consider purchasing shares. Looking at FARM’s current quarter earnings, the company reported a loss per share of $0.60 and sales of $121.2M. As always, investors should carefully consider their own financial circumstances and risk tolerance before making any investment decisions.