Farmer Brothers Co. was a big mover last session, as the company saw its shares rise a little over 11% on the day. Shares moved up after coverage was initiated on the company by Sidoti. This led to solid volume too with far more shares changing hands than in a normal session This continues the recent uptrend of the company as the stock is now up 20.2% in the past one-month time frame.
None of the estimates for this food industry stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Friday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Farmer Brothers has a Zacks Rank #3 (Hold), while its is 0.00%.
However, a better-ranked stock in the same space is SpartanNash Company , sporting a Zacks Rank #1 (Strong Buy).
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