Professional
Added to YB: 2024-06-17
Pitch date: 2024-06-17
FARM [bullish]
Farmer Bros. Co.
-49.66%
current return
Author Info
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Company Info
Farmer Bros. Co. engages in roasting, wholesaling, equipment servicing, and distributing coffee, tea, and other allied products in the United States.
Market Cap
$31.3M
Pitch Price
$2.98
Price Target
6.00 (+300%)
Dividend
N/A
EV/EBITDA
2.66
P/E
-2.30
EV/Sales
0.24
Sector
Food Products
Category
turnaround
Show full summary:
Craig-Hallum initiates coverage on Farmer Bros
FARM: Farmer Bros exited unprofitable B2C biz, strengthened balance sheet. New mgmt refocusing on core DSD coffee biz via AI pricing, tech upgrades, facility rationalization. Expect positive FCF in 1H FY25, significant EBITDA growth after. $6 PT on 12.4x FY26 EBITDA of $12.5M.
Read full article (2 min)