Professional
Added to YB: 2024-01-19
Pitch date: 2024-01-19
FARM [bullish]
Farmer Bros. Co.
-61.82%
current return
Author Info
Lake Cornelia Research Management provides managed accounts and bespoke advisory services to family offices & investment funds. Follow on Twitter/X.
Company Info
Farmer Bros. Co. engages in the roasting, wholesale, equipment servicing, and distribution of coffee, tea, and other allied products in the United States.
Market Cap
$62.9M
Pitch Price
$3.30
Price Target
12.00 (+852%)
Dividend
N/A
EV/EBITDA
25.51
P/E
-3.72
EV/Sales
0.33
Sector
Food Products
Category
turnaround
Lake Cornelia Research is long Farmer Brothers Co ($FARM)
$FARM - Coffee & foodservice co. trading at 0.35x EV/Sales & <1x GP. Price hikes, SKU cuts could drive $400M+ rev, $150-160M GM, $20M EBITDA near-term. Upside to $500M+ rev, big EBITDA long-term. Cheap entry with pricing tailwinds & easing costs. Low liq, small cap.
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