Farmer Bros Stock (NASDAQ:FARM), Trade Ideas

Farmer Bros

Farmer Bros Co is engaged in manufacturing, wholesaling, and distributing coffee, tea, and culinary products to food-service establishments and retailers in the United States. The company's customers include restaurants, hotels, offices, casinos, convenience stores, healthcare facilities, and other food-service providers. The company's product categories consist of roast and ground coffee, frozen liquid coffee, flavoured and unflavored iced and hot teas, culinary products, spices, and other beverages including cappuccino, cocoa, granitas, and ready-to-drink iced coffee. The products are sold under the brands of Farmer Brothers, Artisan Collection by Farmer Brothers, Superior, Metropolitan, and China Mist.

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FARM

Farmer Brothers Company (NASDAQ: FARM) reported 

Coffee Foodservice Company Farmer Brothers Posts Mixed Q4 Earnings

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The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies.

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Treehouse Foods, Inc. (NYSE: THS) disclosed the acquisition completion of certain assets from Farmer Brothers Company (NASDAQ: FARM) 

Treehouse Foods Closes Buyout Of Farmer Brothers&#39; Certain Assets

Farmer Bros Co

Harvest Finance - United States Dollar

FARM CRED BK PFD B SER 2 by Farm Credit Bank

Farm Credit Bank of Texas

FARM LANDS OF AFRICA by Farm Lands of Africa, Inc.

Farm Lands of Africa Inc

FRMRS&MER BNCORP LODI CA by Farmers & Merchants Bancorp

Farmers & Merchants Bancorp

Farmers & Merchants Bancorp, Inc. - Common Stock

Farmers & Merchants Bancorp Inc

FRMRS&MER BK LONG BCH CAL by Farmers & Merchants Bank of Long Beach (CA)

Farmers & Merchants Bank of Long Beach

Farmers Bancorp

FRMRS BK APPOMATTO by Farmers Bank of Appomattox (VA)

Farmers Bank of Appomattox

Farmers Edge Inc Ordinary Shares

Farmers National Banc Corp. - Common Stock

Farmers National Banc Corp

FRMRS&MER BNCSHS IOWA by Farmers & Merchants Bancshares, Inc.

Farmers and Merchants Bancshares Inc

FARMERS & MER BANCSHARES by Farmers and Merchants Bancshares, Inc.

Farmers and Merchants Bancshares Inc (MD)

Farmhouse Inc

Farmland Partners Inc

Farmmi Inc

<h3>Gainers</h3>
<ul>
<li><strong>Farmer Bros</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARM#NASDAQ">FARM</a>) stock increased by 4.8% to $3.48 during Tuesday's after-market session. The company's market cap stands at $73.3 million. </li>
<li><strong>Pricesmart</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSMT#NASDAQ">PSMT</a>) stock moved upwards by 4.69% to $86.99. The market value of their outstanding shares is at $2.6 billion. As per the press release, Q2 earnings came out today. </li>
<li><strong>Hempacco</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HPCO#NASDAQ">HPCO</a>) shares rose 4.34% to $1.44. The market value of their outstanding shares is at $5.2 million. </li>
<li><strong>Elevai Labs</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ELAB#NASDAQ">ELAB</a>) stock rose 3.63% to $0.62. The company's market cap stands at $10.7 million. </li>
<li><strong>Mangoceuticals</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGRX#NASDAQ">MGRX</a>) shares moved upwards by 2.61% to $0.28. The company's market cap stands at $6.3 million. </li>
<li><strong>Bruush Oral Care</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BRSH#NASDAQ">BRSH</a>) shares increased by 2.51% to $0.05. The market value of their outstanding shares is at $5.3 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li><strong>WD-40</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WDFC#NASDAQ">WDFC</a>) shares decreased by 3.5% to $246.07 during Tuesday's after-market session. The company's market cap stands at $3.3 billion. The company's, Q2 earnings came out today. </li>
<li><strong>Smart for Life</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMFL#NASDAQ">SMFL</a>) shares decreased by 3.0% to $0.65. </li>
<li><strong>Honest Co</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HNST#NASDAQ">HNST</a>) shares declined by 2.96% to $3.61. The market value of their outstanding shares is at $346.1 million. </li>
<li><strong>Australian Oilseeds Hldgs</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COOT#NASDAQ">COOT</a>) stock fell 2.48% to $1.4. The market value of their outstanding shares is at $32.6 million. </li>
<li><strong>Reborn Coffee</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REBN#NASDAQ">REBN</a>) stock declined by 1.71% to $1.15. The company's market cap stands at $3.1 million. </li>
<li><strong>Veru</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VERU#NASDAQ">VERU</a>) stock fell 1.69% to $1.15. The company's market cap stands at $168.3 million.<br />
<strong>See Also:</strong> <a href="http://www.benzinga.com/money/best-consumer-defensive-stocks/" title="www.benzinga.com/money/best-consumer-defensive-stocks/">www.benzinga.com/money/best-consumer-defensive-stocks/</a></li>
</ul>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


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12 Consumer Staples Stocks Moving In Tuesday's After-Market Session

<p>Farmer Brothers (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARM#NASDAQ">FARM</a>) a leading roaster, wholesaler, and distributor of coffee, tea and allied products, announced today it has entered into a 54-month lease agreement on a new headquarters in Fort Worth, Texas.<br /><br />&nbsp;</p>
<p>The approximately 25,000-square-foot space, located at 14501 N. Freeway, Fort Worth, Texas 76177, will be home to the company's executive team and approximately 125 to 150 members of its support staff.</p>
<p>"As we continue to focus on direct store delivery (DSD) and right size our organization, we wanted to find a location that would more efficiently meet our current business needs, while still giving us the opportunity to grow. We feel fortunate to have found a location in close proximity to our previous headquarters which checked all the boxes," said President and Chief Executive Officer John Moore.</p>
<p>Farmer Brothers sold its previous 540,000-square-foot Northlake, Texas headquarters, roasting and distribution facility to TreeHouse Foods in <a href="https://www.globenewswire.com/Tracker?data=wyRYSzrxb6W20LLB3TPxpUk-bXCvJ755mrh1qA3D43R_2ExXTHkUpgRdx0J_4IwfLt_1gLzbmhSwV6wsp92zdZVU_P1dG5DCdEauKzbRTjKk__1Zv4V4stA-Z87wFhQXv7z921yOPZRi9IYvnX7Am6P8jgsxtP1mGCpoBAS7fVyAiyFY3fNGudIzrXne_tQNNMJlery6_HZgEVTHfH65Xu1isTyZz2s6MvXGbre6s8Q=">June 2023</a>. The company has since transitioned and centralized its roasting operations to its Portland, Oregon facility and anticipates moving into its new headquarters by the end of its fiscal 2024 year.</p>


Farmer Brothers Signs Lease On New Fort Worth, Texas Headquarters

<p>Farmer Bros (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARM#NASDAQ">FARM</a>) reported quarterly earnings of $0.13 per share.  The company reported quarterly sales of $89.45 million which beat the analyst consensus estimate of $88.50 million by 1.08 percent.  This is a 32.59 percent decrease over sales of $132.69 million the same period last year.</p>


Earnings Beats

Farmer Bros Q2 2024 GAAP EPS $0.13, Sales $89.45M Beat $88.50M Estimate

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Earnings Scheduled For February 8, 2024

<p><strong>Farmer Bros</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARM#NASDAQ">FARM</a>) is set to give its latest quarterly earnings report on Thursday, 2024-02-08. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that Farmer Bros will report an <strong>earnings per share</strong> (EPS) of $-0.21. </p>
<p>Farmer Bros bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Historical Earnings Performance</h3>
<p>Last quarter the company beat EPS by $0.23, which was followed by a 8.76% drop in the share price the next day.</p>
<p>Here's a look at Farmer Bros's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q1 2024</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>-0.29</td>
<td>-0.61</td>
<td>-0.40</td>
<td>-0.56</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>-0.06</td>
<td>-0.84</td>
<td>-0.57</td>
<td>-0.73</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-8.76%</td>
<td>18.68%</td>
<td>-3.59%</td>
<td>-11.29%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2024/1707336069_0.png" alt="eps graph" /></p>
<p><a href="https://www.benzinga.com/quote/FARM/earnings"><strong>To track all earnings releases for Farmer Bros visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Earnings Outlook For Farmer Bros

<p>Farmer Brothers&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARM#NASDAQ">FARM</a>) a leading roaster, wholesaler, and distributor of coffee, tea and allied products, announced today it has appointed John Moore as president and chief executive officer (CEO). Mr. Moore has served as interim CEO since October 2023. His appointment follows a robust evaluation process conducted by the company's board and its advisors.<br /><br />&nbsp;</p>
<p>"John has more than 30 years of experience in the coffee industry and has worked directly in every stage of the coffee value chain at both a national and international level. His deep expertise and proven leadership will guide Farmer Brothers as we reposition the company and focus on leveraging our nationwide direct store delivery system to build a differentiated and sustainable platform for growth," said Farmer Brothers Chairman of the Board Dave Pace.</p>
<p>"This is an exciting time at Farmer Brothers and I am honored to be able to lead our talented team as we adapt to the ever-changing consumer landscape and continue to provide the high-quality coffee, tea and culinary products our customers have relied on for more than a century," said Mr. Moore. "I'm excited about our ability to capture the future potential of the company as we streamline our processes, improve our focus on service and increase our product offerings."</p>
<p>Before being named as the company's interim CEO, Mr. Moore served as Farmer Brother's head of coffee, where he was responsible for the company's green coffee procurement, research and development, coffee excellence, roasting and manufacturing, and coffee sustainability initiatives.</p>
<p>Prior to joining Farmer Brothers in May 2023, Mr. Moore served as the chief executive officer for Vassilaros Coffee from 2018 to 2023. Earlier in his career, Mr. Moore was the senior trader and general manager at Volcafe Specialty Coffee, the chief executive officer and managing partner of FAL Coffee Inc. and the vice president of sales and marketing at Octavio Inc., dba Dallis Coffee. He has also founded and led several businesses, including Jolly Roger Imports, ELIXIR Cocktail &amp; Espresso Bar and the German expansion of New York Gourmet GmbH &amp; Co. Mr. Moore is a Certified Q grader and Cup of Excellence head judge.</p>


Farmer Brothers Names John Moore As President And Chief Executive Officer After Serving As Interim CEO Since October 2023

<p>Farmer Bros (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARM#NASDAQ">FARM</a>) reported quarterly losses of $(0.06) per share which beat the analyst consensus estimate of $(0.29) by 79.31 percent. This is a 84.62 percent increase over losses of $(0.39) per share from the same period last year.  The company reported quarterly sales of $81.89 million which missed the analyst consensus estimate of $85.00 million by 3.66 percent.  This is a 32.54 percent decrease over sales of $121.38 million the same period last year.</p>


Farmer Bros Q1 EPS $(0.06) Beats $(0.29) Estimate, Sales $81.89M Miss $85.00M Estimate

<p><strong>Farmer Bros</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARM#NASDAQ">FARM</a>) reported its Q1 earnings results on Thursday, November 9, 2023 at 04:05 PM.</p>
<p>Here's what investors need to know about the announcement.</p>
<h3>Earnings</h3>
<p>Farmer Bros beat estimated earnings by 79.31%, reporting an EPS of $-0.06 versus an estimate of $-0.29.</p>
<p>Revenue was down $39.49 million from the same period last year.</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company missed on EPS by $0.23 which was followed by a 18.68% increase in the share price the next day.</p>
<p>Here's a look at Farmer Bros's past performance:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q4 2023</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>-0.61</td>
<td>-0.40</td>
<td>-0.56</td>
<td>-0.33</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>-0.84</td>
<td>-0.57</td>
<td>-0.73</td>
<td>-0.39</td>
</tr>
<tr>
<td><strong>Revenue Estimate</strong></td>
<td>85.20M</td>
<td>134.00M</td>
<td>130.80M</td>
<td>118.80M</td>
</tr>
<tr>
<td><strong>Revenue Actual</strong></td>
<td>85.50M</td>
<td>124.23M</td>
<td>132.69M</td>
<td>121.38M</td>
</tr>
</tbody>
</table>
</p>
<p>To track all earnings releases for Farmer Bros <a href="https://www.benzinga.com/quote/FARM/earnings">visit their earnings calendar here.</a> </p>
<p>This article was generated by Benzinga's automated content engine and reviewed by an editor.</p>


Recap: Farmer Bros Q1 Earnings

<p>-SEC Filing</p>
<p><a href="https://www.sec.gov/Archives/edgar/data/34563/000092189523002346/sc13da410680015_10162023.htm">https://www.sec.gov/Archives/edgar/data/34563/000092189523002346/sc13da410680015_10162023.htm</a></p>
<p>&nbsp;</p>


Farmer Brothers Announced In An SEC Filing That On Oct. 13, JCP Partnership Delivered A Letter To The Issuer Nominating Troy A. Ellis, Emily K. Keeton And David R. Tresko For Election To The Board At The Annual Meeting

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Farmer Bros shares are trading higher after the company reported mixed Q4 results.

<p><strong>Farmer Brothers Company&nbsp;</strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/farm#NASDAQ">FARM</a>) reported&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/09/g34504463/farmer-brothers-reports-fourth-quarter-and-fiscal-2023-financial-results-and-publishes-quarterly-s" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">fourth-quarter FY23 sales growth of 1%</a>&nbsp;year-on-year to $85.496 million, beating the analyst consensus of $85.20 million.</p>
<p>Revenue was virtually flat on a quarter-over-quarter basis, reflecting significant increases in realized price largely offset by lower pound volumes.</p>
<p>Gross profit for the quarter decreased 22.7% to $27.8 million with a margin of 32.5%.</p>
<p>General and administrative expenses fell 9.3% to $10.3 million. The operating loss for the quarter expanded to $(10.1) million from $(705,000) last year.</p>
<p>The adjusted EBITDA loss was $(7.2) million compared to an income of $7.1 million last year.</p>
<p>The company held $5.4 million in cash and equivalents as of June 30, 2023.</p>
<p>EPS of $(0.84)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/calendars/earnings" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">missed the consensus estimate of $(0.61).</a></p>
<p>The company said it is adequately capitalized to finance operations in fiscal 2024 as it progress toward the target of positive free cash flow by the fiscal year-end. The company also continues to evaluate strategic&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/calendars/guidance" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">opportunities to improve its liquidity position.</a></p>
<p>Recently, Farmer Brothers has commenced a transition of the chief executive officer role. The board of directors and Chief Executive Officer Deverl Maserang have mutually agreed his employment with Farmer Brothers will conclude on Sept. 30, and he will complete his current term as a member of the board, unless his permanent successor is identified before the end of his term. Farmer Brothers&#39; current Head of Coffee&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/09/g34294470/farmer-brothers-announces-transition-of-chief-executive-officer" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">John Moore will assume the role of interim CEO starting Oct. 1.</a></p>
<p>Farmer Brothers Chief Executive Officer Deverl Maserang said, &quot;While transitional impacts from the divestiture and our DSD reorganization will impact the first quarter of fiscal 2024 profitability, we are making steady progress toward an inflection to positive free cash flow in the coming quarters.&quot;</p>
<p><strong>Price Action</strong>: FARM shares closed lower by 6.67% at $1.82 on Tuesday.</p>


<p>Farmer Bros (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARM#NASDAQ">FARM</a>) reported quarterly losses of $(0.84) per share which missed the analyst consensus estimate of $(0.61) by 37.7 percent. This is a 300 percent decrease over losses of $(0.21) per share from the same period last year.  The company reported quarterly sales of $85.50 million which beat the analyst consensus estimate of $85.20 million by 0.35 percent.  This is a 30.48 percent decrease over sales of $122.99 million the same period last year.</p>


Farmer Bros Q4 EPS $(0.84) Misses $(0.61) Estimate, Sales $85.50M Beat $85.20M Estimate

<h3>Companies Reporting Before The Bell</h3>
<p>&bull; Root (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ROOT#NASDAQ">ROOT</a>) is projected to report quarterly loss at $0.10 per share on revenue of $48.95 million.</p>
<p>&bull; Altamira Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYTO#NASDAQ">CYTO</a>) is expected to report earnings for its first quarter.</p>
<p>&bull; Vince Holding (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VNCE#NYSE">VNCE</a>) is projected to report earnings for its second quarter.</p>
<p>&bull; Cognyte Software (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CGNT#NASDAQ">CGNT</a>) is likely to report quarterly loss at $0.22 per share on revenue of $76.22 million.</p>
<h3>Companies Reporting After The Bell</h3>
<p>&bull; Globus Maritime (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GLBS#NASDAQ">GLBS</a>) is estimated to report earnings for its second quarter.</p>
<p>&bull; Lesaka Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LSAK#NASDAQ">LSAK</a>) is estimated to report quarterly loss at $0.07 per share on revenue of $129.94 million.</p>
<p>&bull; Edgio (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EGIO#NASDAQ">EGIO</a>) is expected to report quarterly loss at $0.11 per share on revenue of $95.31 million.</p>
<p>&bull; Mama`s Creations (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAMA#NASDAQ">MAMA</a>) is expected to report quarterly earnings at $0.02 per share on revenue of $23.30 million.</p>
<p>&bull; InnovAge Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INNV#NASDAQ">INNV</a>) is likely to report quarterly loss at $0.03 per share on revenue of $175.71 million.</p>
<p>&bull; Evolution Petroleum (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EPM#AMEX">EPM</a>) is estimated to report quarterly earnings at $0.06 per share on revenue of $21.64 million.</p>
<p>&bull; Farmer Bros (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARM#NASDAQ">FARM</a>) is likely to report quarterly loss at $0.61 per share on revenue of $85.20 million.</p>
<p>This article was generated by Benzinga&#39;s automated content engine and reviewed by an editor.</p>


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Earnings Scheduled For September 12, 2023

<p><strong>Farmer Bros</strong> (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARM#NASDAQ">FARM</a>) is set to give its latest quarterly earnings report on Tuesday, 2023-09-12. Here's what investors need to know before the announcement.</p>
<p>Analysts estimate that Farmer Bros will report an <strong>earnings per share</strong> (EPS) of $-0.61. </p>
<p>Farmer Bros bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.</p>
<p>New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).</p>
<h3>Past Earnings Performance</h3>
<p>Last quarter the company missed EPS by $0.17, which was followed by a 3.59% drop in the share price the next day.</p>
<p>Here's a look at Farmer Bros's past performance and the resulting price change:</p>
<p>
<table>
<thead>
<tr>
<th><strong>Quarter</strong></th>
<th><strong>Q3 2023</strong></th>
<th><strong>Q2 2023</strong></th>
<th><strong>Q1 2023</strong></th>
<th><strong>Q4 2022</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td><strong>EPS Estimate</strong></td>
<td>-0.40</td>
<td>-0.56</td>
<td>-0.33</td>
<td>-0.33</td>
</tr>
<tr>
<td><strong>EPS Actual</strong></td>
<td>-0.57</td>
<td>-0.73</td>
<td>-0.39</td>
<td>-0.21</td>
</tr>
<tr>
<td><strong>Price Change %</strong></td>
<td>-3.59%</td>
<td>-11.29%</td>
<td>-21.04%</td>
<td>-4.27%</td>
</tr>
</tbody>
</table>
</p>
<p><img src="https://www.benzinga.com/files/images/story/2023/1694440840_0.png" alt="eps graph" /></p>
<h3>Stock Performance</h3>
<p>Shares of Farmer Bros were trading at $2.02 as of September 08. Over the last 52-week period, shares are down 62.66%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release. </p>
<p><a href="https://www.benzinga.com/quote/FARM/earnings"><strong>To track all earnings releases for Farmer Bros visit their earnings calendar on our site.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


<p>Farmer Brothers&#39; current Head of Coffee John Moore will assume the role of interim CEO starting Oct. 1.&nbsp;</p>


Farmer Brothers Announces Transition Of CEO; Deverl Maserang Mutually Agreed His Employment Will Conclude On Sept. 30

<p>The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies.</p>
<p>The RSI is a momentum indicator, which compares a stock&#39;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#39;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered oversold when the <a href="https://www.benzinga.com/topic/rsi"> RSI is below 30.</a></p>
<p>Here&rsquo;s the latest list of major oversold players in this sector, having an RSI near or below 30.</p>
<h3><strong>Eastside Distilling, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/east#NASDAQ">EAST</a>)</h3>
<ul>
<li>Eastside Distilling posted second-quarter net sales of $2.661 million. The company&rsquo;s stock has a <a href="https://www.benzinga.com/quote/EAST"><em>52-week low of $1.65 </em></a>.</li>
<li><strong>RSI Value:</strong> 26.43</li>
<li><strong>EAST Price Action: </strong> Shares of Eastside Distilling gained 4.7% to close at $1.79 on Wednesday.</li>
</ul>
<h3><strong>Farmer Bros. Co. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/farm#NASDAQ">FARM</a>)</h3>
<ul>
<li>Farmer Brothers announced transition of Chief Financial Officer. It <a href="https://www.benzinga.com/quote/FARM"><em> has a 52-week low </em></a> of $1.75.</li>
<li><strong>RSI Value:</strong> 25.78</li>
<li><strong>FARM Price Action: </strong> Shares of Farmer Bros. rose 3.8% to close at $2.18 on Wednesday.</li>
</ul>
<h3><strong>Coffee Holding Co., Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/jva#NASDAQ">JVA</a>)</h3>
<ul>
<li>Coffee Holding entered into a definitive merger and share exchange agreement with a Bulk &amp; Energy logistics holding company, Delta Corp Holdings Limited. The company&rsquo;s stock has a 52-week <a href="https://www.benzinga.com/quote/JVA"><em> low of $1.19.</em></a></li>
<li><strong>RSI Value:</strong> 29.69</li>
<li><strong>JVA Price Action: </strong> Shares of Coffee Holding gained 3.3% to close at $1.24 on Wednesday.</li>
</ul>
<h3><strong>Rite Aid Corporation </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rad#NYSE">RAD</a>)</h3>
<ul>
<li>According to the Wall Street Journal, Rite Aid Corporation is reportedly preparing a bankruptcy filing amid a slew of lawsuits realted to the opiod crisis. The company&rsquo;s 52-week low is $0.6600.</li>
<li><strong>RSI Value:</strong> 29.55</li>
<li><strong>RAD Price Action: </strong> Shares of Rite Aid rose 2.5% to close at $0.82 on Wednesday.</li>
</ul>
<h3><strong>Dollar Tree, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/dltr#NASDAQ">DLTR</a>)</h3>
<ul>
<li>Dollar Tree reported second-quarter financial results and issued third-quarter EPS guidance below estimates. The company <a href="https://www.benzinga.com/quote/DLTR"><em> has a 52-week low </em></a> of $121.80.</li>
<li><strong>RSI Value:</strong> 20.81</li>
<li><strong>DLTR Price Action: </strong> Shares of Dollar Tree rose 1.1% to close at $124.49 on Wednesday.</li>
</ul>
<p>&nbsp;</p>
<p>Read More: <a href="https://www.benzinga.com/news/23/08/34139753/salesforce-to-rally-around-25-here-are-10-other-analyst-forecasts-for-thursday"><em> Salesforce To Rally Around 25%? Here Are 10 Other Analyst Forecasts For Thursday </em></a></p>


<p>&nbsp;<a href="https://www.globenewswire.com/Tracker?data=0l3SyaSncrj_NNLDqPz3le-nvO0_x70vwoC9FV86HhDmd8Pi8qZK-fjGn9bainDHqA1eiMwZ19QNZ4U7Z74kwe_sEFYD5LHWK3FqG1GBzhY=" target="_blank">Farmer Brothers Company</a>&nbsp;(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FARM#NASDAQ">FARM</a>), a leading roaster, wholesaler, equipment servicer and distributor of coffee, tea and other allied products, announced today it has commenced a transition of its chief financial officer role.<br />
&nbsp;</p>
<p>Under the transition plan, the board of directors and Chief Financial Officer Scott Drake have mutually agreed his employment with Farmer Brothers will conclude on Oct. 1, 2023. Mr. Drake will assist with the transition, including finalizing and approving the company&#39;s fiscal year 2023 year-end reporting and filings, fiscal year 2024 budget planning and related transitional services associated with the company&#39;s recently&nbsp;<a href="https://www.globenewswire.com/Tracker?data=jww5corNyzr_4QQctdbKGkMZWPiKQUBiQCN03bX81UUAbobC3xSBoNJjv3vLX2Hp0-yH7yT5ZHkrqLABo-IxuLJStEeAxfkc04mNfEh4-BspXoE_4Mgo-LWdPjp__CE4EDNdwf06PFArsd67XjB3DPNapGPPzhzxnWYjYV8DsSuxKUAPQfvAXjXO1kW05McZXLyDuPKBMO4WVCzxyP_isc9j77RE-qsT63vUXzx08IrqkO_SxMWaPDVpYQjLo0Dt_bR3rXBXdcGawLFhRQPBEDm8FAxY-1sLrExZElOeo9A=" target="_blank">closed sale of its direct ship business to TreeHouse Foods</a>. The planned transition is not connected to any concerns related to the company&#39;s fiscal 2023 financial results, which will be reported on schedule in September.</p>
<p>Farmer Brothers Vice President of Finance Brad Bollner will serve as the interim chief financial officer as the company conducts a search for a new chief financial officer. Mr. Bollner joined Farmer Brothers in 2022. During his more than 25-year finance career, he has served in senior roles at Dave and Busters, Vail Resorts, Inc. and Game Stop Corp. He holds a Bachelor of Science degree in finance and economics from Trinity University and a certification with distinction from Harvard Business Analytics Program.</p>
<p>&quot;As we move forward with our focus on our direct store delivery business the time was right to transition our chief financial officer role. Scott has played an integral part in Farmer Brothers&#39; strategic transformation during his tenure with the company, including helping lead the recent sale of our direct ship business and Northlake, Texas facility,&quot; said Chief Executive Officer Deverl Maserang. &quot;We greatly appreciate his service, including through this transition period. We wish Scott the very best.&quot;</p>


Farmer Brothers Announces Transition Of Chief Financial Officer; Scott Drake Have Mutually Agreed His Employment With Farmer Brothers Will Conclude On Oct. 1, 2023; Brad Bollner Will Serve As Interim CFO

<p><strong>Treehouse Foods, Inc.</strong>&nbsp;(NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ths#NYSE">THS</a>) disclosed the acquisition completion of certain assets from&nbsp;<strong>Farmer Brothers Company&nbsp;</strong>(NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/farm#NASDAQ">FARM</a>)&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/pressreleases/23/06/n33085141/treehouse-foods-completes-acquisition-of-farmer-brothers-northlake-texas-coffee-facility" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">for $100 million.</a></p>
<p>In particular, THS bought FARM&#39;s Northlake, Texas, coffee facility and non-Direct Store Delivery coffee business.&nbsp;</p>
<p>The acquisition will boost THS&#39; single-serve pod and ready-to-drink coffee businesses and enhance its end-to-end&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/06/32755253/why-farmer-brothers-shares-are-jumping-today" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">private-label coffee offerings</a>.</p>
<p>THS financed the acquisition through its revolving credit facility and acquired around $30 million of inventory.&nbsp;</p>
<p>With the acquisition closure, THS plans to retain around 180 FARM employees at the facility.</p>
<p>Steve Oakland, Chairman, CEO, and President, said, &quot;Acquiring the Northlake, Texas facility enables us to drive greater category depth through green coffee purchasing, roasting, grinding, flavoring and assortment &ndash; and represents an exciting step forward as we strengthen our strategic capabilities as a focused, private label snacking and beverages leader. By becoming more vertically integrated in coffee, we are better positioned to drive mutually profitable growth for our customers and deliver greater value to our shareholders.&quot;</p>
<p>As of March 31, 2023, THS held $14.63 million in&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/news/earnings/23/05/32264729/treehouse-foods-q1-earnings-highlights-16-sales-growth-exceeds-analyst-expectations-reaffirms-fy23-" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">cash and equivalents</a>.</p>
<p>Last month, THS reiterated its Q2 outlook and&nbsp;<a class="editor-rtfLink" href="https://www.benzinga.com/markets/equities/23/06/32832324/why-treehouse-foods-shares-are-surging-today" style="background-image:initial; background-position:initial; background-size:initial; background-repeat:initial; background-attachment:initial; background-origin:initial; background-clip:initial; margin-top:0pt; margin-bottom:0pt; color:#4a6ee0" target="_blank">provided an update on 2023 guidance</a>.&nbsp;</p>
<p><strong>Price Action</strong>: THS shares closed lower by 1.24% at $50.38 on Friday.</p>


Treehouse Foods Closes Buyout Of Farmer Brothers' Certain Assets

<p>U.S. stocks traded mixed toward the end of trading, with Dow Jones gaining around 100 points on Wednesday.</p>
<p>The Dow traded up 0.30% to 33,672.74 while the NASDAQ fell 1.11% to 13,129.19. The S&amp;P 500, also fell, dropping, 0.33% to 4,269.84.</p>
<p>Check This Out: <a href="https://www.benzinga.com/news/23/06/32757195/nvidia-coinbase-and-2-other-stocks-insiders-are-selling"><em> Nvidia, Coinbase And 2 Other Stocks Insiders Are Selling</em></a></p>
<p>&nbsp;</p>
<h3><strong>Leading and Lagging Sectors</strong></h3>
<ul>
<li>Energy shares jumped by 2.7% on Wednesday. Meanwhile, top gainers in the <a href="https://www.benzinga.com/money/best-sectors-to-invest-in-right-now/">sector</a> included <strong> Nine Energy Service, Inc. </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nine#NYSE">NINE</a>), up 8%, and <strong> Nabors Industries Ltd. </strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nbr#NYSE">NBR</a>), up 8%.</li>
<li>In trading on Wednesday, communication services shares fell by 1.6%.</li>
</ul>
<p>&nbsp;</p>
<p>&nbsp;</p>
<h3><strong>Top Headline</strong></h3>
<p>&nbsp;</p>
<p><strong>United Natural Foods, Inc.</strong> (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/unfi#NYSE">UNFI</a>) posted downbeat results for its third quarter.</p>
<p>United Natural Foods reported third-quarter FY23 sales growth of 3.7% year-over-year to $7.501 billion, missing the consensus of $7.51 billion. Adjusted EPS of $0.54 (-50.9% Y/Y) missed the consensus of $0.68.</p>
<p>The company lowered its FY23 profitability outlook. It now expects FY23 adjusted EPS of $1.80 - $2.30 (prior view $3.05 - $3.90) versus the consensus of $3.32. The company sees Adjusted EBITDA of $610 million - $650 million (prior view $715 million - $785 million).</p>
<p>&nbsp;</p>
<h3><strong>Equities Trading UP</strong></h3>
<ul>
<li><strong>Yext, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/yext#NASDAQ">YEXT</a>) shares shot up 40% to $13.48 after the company reported better-than-expected first-quarter results and issued strong FY24 forecast.</li>
<li>Shares of <strong> Farmer Bros. Co. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/farm#NASDAQ">FARM</a>) got a boost, shooting 65% to $3.1909. Treehouse Foods inked a deal with Farmer Brothers to acquire certain assets for around $100 million, subject to customary purchase price adjustments.</li>
<li><strong>Stitch Fix, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/sfix#NASDAQ">SFIX</a>) shares were also up, gaining 29% to $4.7450 as the company reported better-than-expected results for its third quarter.</li>
</ul>
<p>&nbsp;</p>
<p>&nbsp;</p>
<h3><strong>Equities Trading DOWN</strong></h3>
<ul>
<li><strong>Vaxart, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/vxrt#NASDAQ">VXRT</a>) shares dropped 28% to $0.8952 after the company reported pricing of $15 million public offering of common stock.</li>
<li>Shares of <strong> PolarityTE, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/pte#NASDAQ">PTE</a>) were down 38% to $0.2689. On June 6, 2023, PolarityTE Filed Voluntary Petitions For Relief Under Chapter 11 Of The United States Bankruptcy Code</li>
<li><strong>Couchbase, Inc. </strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/base#NASDAQ">BASE</a>) was down, falling 26% to $16.52 after the company posted first-quarter earnings and issued weak second-quarter sales forecast.</li>
</ul>
<p>&nbsp;</p>
<p>Also Check This Out: <a href="https://www.benzinga.com/markets/cryptocurrency/23/06/32758191/bitcoin-ethereum-gain-following-economic-data-stacks-emerges-as-top-gainer"><em> Bitcoin, Ethereum Gain Following Economic Data; Stacks Emerges As Top Gainer</em></a></p>
<p>&nbsp;</p>
<h3><strong>Commodities</strong></h3>
<p>&nbsp;</p>
<p>In commodity news, oil traded up 1.2% to $72.61 while gold traded down 1% at $1,961.50.</p>
<p>Silver traded down 0.4% to $23.585 on Wednesday while copper fell 0.4% to $3.7525.</p>
<p>&nbsp;</p>
<h3><strong>Euro zone</strong></h3>
<p>&nbsp;</p>
<p>European shares were mixed today. The eurozone&rsquo;s STOXX 600 fell 0.19%, London&rsquo;s FTSE 100 fell 0.05% while Spain&rsquo;s IBEX 35 Index rose 0.53% The German DAX dropped 0.2% French CAC 40 fell 0.09% and Italy&rsquo;s FTSE MIB Index rose 0.07%.</p>
<p>Retail sales in Italy rose 0.2% from the prior month in April. France reported a current account gap of EUR 0.1 billion in April 2023, versus a revised EUR 0.3 billion surplus in the prior month. French trade deficit increased to EUR 9.7 billion in April versus a revised EUR 8.4 billion gap in the prior month. Industrial production in Germany rose 0.3% month-over-month in April. The Halifax house price index in the UK declined 1% year-over-year in May.</p>
<p>&nbsp;</p>
<h3><strong>Asia Pacific Markets</strong></h3>
<p>&nbsp;</p>
<p>Asian markets closed mostly higher on Wednesday, with Japan&rsquo;s Nikkei 225 dropping 1.82%, Hong Kong&rsquo;s Hang Seng Index gaining 0.80% and China&rsquo;s Shanghai Composite Index gaining 0.08%. India&rsquo;s S&amp;P BSE Sensex rose 0.56%.</p>
<p>Foreign exchange reserves in Hong Kong fell to a seven-month low of $421 billion in May, while Chinese foreign exchange reserves declined to $3.177 trillion in May. Chinese trade surplus narrowed to $65.81 billion in May from $78.40 billion in the year-ago period.</p>
<p>The index of leading economic indicators in Japan rose to 97.6 in April from a final reading of 96.9 in the prior month, while index of coincident economic indicators climbed to 99.4 in April versus a 99.2 in the previous month.</p>
<p>&nbsp;</p>
<h3><strong>Economics</strong></h3>
<ul>
<li>Mortgage applications in the U.S. dropped 1.4% in the week ended June 2, 2023.</li>
<li>The trade deficit in the U.S. increased to a six-month high level of $74.6 billion in April, versus a $60.6 billion gap in the prior month. Exports from the U.S. fell by $9.2 billion from a month ago to $249 billion in April, while imports rose by $4.8 billion to $323.6 billion.</li>
<li>U.S. crude oil inventories dropped by 0.451 million barrels in the week ending June 2, versus market estimates of a 1.022 million gain.</li>
</ul>
<p>&nbsp;</p>
<p>Now Read This: <a href="https://www.benzinga.com/news/23/06/32757461/check-out-3-financial-stocks-with-over-7-dividend-yields-from-wall-streets-most-accurate-analysts"><em> Check Out 3 Financial Stocks With Over 7% Dividend Yields From Wall Street&#39;s Most Accurate Analysts</em></a></p>
<p>&nbsp;</p>
<h3><strong>COVID-19 Update</strong></h3>
<p>&nbsp;</p>
<p>The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 107,147,350 cases with around 1,166,160 deaths. India confirmed a total of at least 44,992,090 cases and 531,880 deaths, while France reported over 40,102,440 COVID-19 cases with 167,420 deaths. In total, there were at least 690,000,260 cases of COVID-19 worldwide with more than 6,888,820 deaths.</p>


Eurozone

Commodities

Small Cap

Global

Intraday Update

BASE

NINE

SFIX

UNFI

VXRT

YEXT

Crude Oil Rises Over 1%; United Natural Foods Posts Downbeat Results

Farmer Brothers shares are trading higher after the company announced an agreement to sell its Northlake, TX Coffee facility to TreeHouse for $100 million.

Farmer Brothers Company (FARM) has provided an update. Farmer Bros. Co. has appointed Terence "Terry" O'Brien, an executive with over 30 years of l...

Farmer Brothers Company Welcomes New Director Terry O'Brien

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>I recently authored a few penny stock articles for <em>InvestorPlace</em> after discovering numerous overlooked investment opportunities. However, my past research was deep value-oriented, leading me to author another piece on growth <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a>.</p>



<p>This article focuses on growth-orientated penny stocks, with a particular emphasis on disruptive companies. I ensured my picks possess portfolio diversification benefits by searching for stocks with idiosyncratic risk tilts. Sure, isolated risk should be considered before engaging with penny stocks, but as mentioned before, adding penny stocks to an already diversified portfolio can reduce risk while enhancing your returns!</p>



<p>Here are three disruptive penny stocks to consider if you&rsquo;re a penny stock proponent such as myself.</p>



<h2>Velo3D, Inc. (VLD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/penny-stocks-300x169.png" alt="Stacks of pennies representing penny stocks. Nano-Cap Penny Stocks"><div>Source: John Brueske / Shutterstock.com</div></div><p><strong>Velo3D</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/vld-stock-quote/"><strong>VLD</strong></a></span>) taps into the 3D printing arena, which is set to grow at a compound annual growth rate <a href="http://printing">(CAGR) of&nbsp;23.5%</a>&nbsp;until 2030. However, Velo3D has a unique value proposition, which adds to that industry-based growth rate. The company offers a metal 3D printing solution to develop parts used for space exploration. Velo3D&rsquo;s early-to-market approach is capital-intensive, but it is undoubtedly promising.</p>



<p>I must mention that Velo3D recently faced a few headwinds. A soft corporate research and development spending environment resulted in the company conceding that it might slide to a net loss of&nbsp;<a href="https://seekingalpha.com/news/4037526-velo3d-drops-15-on-revising-q3-revenue-lower-eps-drops-to-009" target="_blank">$17.4 million</a>&nbsp;in its third quarter. In addition, questions have been raised regarding Velo3D&rsquo;s ability to meet its debt covenants, consequently devaluing the company&rsquo;s common stock.</p>



<p>Velo3D&rsquo;s recent headwinds are transient. In fact, I&rsquo;d go as far as saying they&rsquo;re merely part of an innovative start-up&rsquo;s journey. Continuous product quality enhancements and a planned&nbsp;<a href="https://ir.velo3d.com/news-events/press-releases/detail/138/velo3d-announces-key-strategic-priorities-for-growth-in-2024">40%&nbsp;reduction</a> in operating expenses assist the firm&rsquo;s long-term prospects. On top of that, I think Velo3D will soon be a takeover target due to its unique offering and abundance of in-house intellectual capital.</p>



<p>VLD stock has shed <a href="https://investorplace.com/stock-quotes/vld-stock-quote/">more than 25%</a> of its market value since the turn of the year, leaving it with a <a href="https://seekingalpha.com/symbol/VLD/valuation/metrics">price-to-sales ratio of merely 0.47x</a>. In addition, the company&rsquo;s revenue surged by <a href="https://seekingalpha.com/symbol/VLD/growth">71.92% in the past year</a>, illustrating its growth potential.</p>



<p>Don&rsquo;t miss out here!</p>



<h2>Farmer Brothers Co. (FARM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-fingers-300x169.jpg" alt="Image of a penny held between two fingers with a white indoor background. Dividend-Paying Penny Stocks"><div>Source: Shutterstock</div></div><p><strong>Farmer Brothers Company</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/farm-stock-quote/"><strong>FARM</strong></a></span>), aka Farmer Bros., is a coffee and coffee supplies distributor with representation in adjacent businesses. The company&rsquo;s strength lies in its nimble implementation. However, another component of Farmer Bros.&rsquo;s growth story is the industry break-up within the coffee space, which has provided rise to a broader array of brands. Farmer Bros. possesses the necessary latitude and zeal to build on its&nbsp;<a href="https://seekingalpha.com/symbol/FARM/growth">33.04%&nbsp;year-over-year</a> growth, concurrently providing investors with scintillating returns.</p>



<p>A significant turning point occurred last month after Farmer Brothers swung to a second-quarter profit of <a href="https://seekingalpha.com/news/4065135-farmer-bros-swings-profit-driving-shares-higher">13 cents per share</a>. In addition, Farmer Brothers experienced stronger demand, lifting its revenue by $600,000 to $89.5 million, while the company&rsquo;s gross profits enhanced by 550 basis points to 40.4% amid lower commodity prices. </p>



<p>Due to its highly addressable end market, Farmer Brothers is set to benefit from sustainable long-term growth. In addition, further easing of input costs will widen Farmer Bros.&rsquo;s profit margins, leading to better shareholder value.</p>



<p>Lastly, FARM stock is well situated from a market-based perspective. The stock has a <a href="https://seekingalpha.com/symbol/FARM/valuation/metrics">price-to-sales ratio of only 0.21x</a>, inciting absolute value. Additionally, FARM stock trades above its 50-, 100-, and 200-day <a href="https://seekingalpha.com/symbol/FARM/momentum/performance">moving averages</a>, meaning a momentum trend has been shaped.</p>



<h2>E3 Lithium Limited (EEMMF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-finding-magnify-300x169.jpg" alt="A hand holding a magnifying glass over pennies. under-$1 stocks to buy"><div>Source: Shutterstock</div></div><p>You&rsquo;ve come to the right place if you&rsquo;re looking for an overlooked lithium exploration company. </p>



<p><strong>E3 Lithium</strong>&lsquo;<strong>s </strong>(OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/eemmf-stock-quote/"><strong>EEMMF</strong></a></span>) objective is to become a leading integrated lithium company by mining its <a href="https://www.e3lithium.ca/our-assets/resources/">16.0 million</a> tonnes of measured and indicated lithium carbonate equivalent resources. Results from the firm&rsquo;s geophysical report communicate its potential to ornament itself as Canada&rsquo;s largest lithium producer. Therefore, best-in-class shareholder value isn&rsquo;t out of the question.</p>



<p>The company has yet to deliver revenue as it is in its pre-production phase. However, E3 Lithium&rsquo;s projects have promising case studies. For example, E3 Lithium&rsquo;s flagship project, Clearwater, is set to deliver 20,000 tonnes per year to achieve a pre-tax internal <a href="https://www.e3lithium.ca/our-assets/resources/">rate of return of 32%</a>. </p>



<p>E3 Lithium doesn&rsquo;t have any realized valuation or growth metrics to speak of. However, Clearwater has an estimated earnings before interest tax depreciation and amortization (EBITDA) figure of $208.6 million. Therefore, by considering E3 Lithium&rsquo;s enterprise value of <a href="https://seekingalpha.com/symbol/EEMMF">$66.94 million</a>, a back-on-napkin calculation delivers an alluring EV/EBITDA ratio of 0.32x.</p>



<p><em>On the date of publication, Steve Booyens did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a></em>.</p>
<div><p>Steve Booyens co-founded Pearl Gray Equity and Research in 2020 and has been responsible for institutional equity research and PR ever since. Before founding the firm, Steve spent time working in various finance roles in London and South Africa. He holds an MSc in Investment Banking from Queen Mary &ndash; University of London. Furthermore, Steve has passed CFA Levels 1 &amp; 2 and is working toward his Ph.D. in Finance. His articles are published on various reputable web pages such as Seeking Alpha, TipRanks, Yahoo Finance, and Benzinga. Steve&rsquo;s articles on InvestorPlace form an interesting juxtaposition between mainstream opinion and objective theory. Readers can expect coverage on frequently traded stocks, REITs, fixed-income funds, CEFs, and ETFs.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/03/the-penny-phenomenon-3-stocks-set-to-disrupt-the-market/">The Penny Phenomenon: 3 Stocks Set to Disrupt the Market</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

The Penny Phenomenon: 3 Stocks Set to Disrupt the Market

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>I recently authored a few penny stock articles for <em>InvestorPlace</em> after discovering numerous overlooked investment opportunities. However, my past research was deep value-oriented, leading me to author another piece on growth <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a>.</p>



<p>This article focuses on growth-orientated penny stocks, with a particular emphasis on disruptive companies. I ensured my picks possess portfolio diversification benefits by searching for stocks with idiosyncratic risk tilts. Sure, isolated risk should be considered before engaging with penny stocks, but as mentioned before, adding penny stocks to an already diversified portfolio can reduce risk while enhancing your returns!</p>



<p>Here are three disruptive penny stocks to consider if you&rsquo;re a penny stock proponent such as myself.</p>



<h2>Velo3D, Inc. (VLD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2022/03/penny-stocks-300x169.png" alt="Stacks of pennies representing penny stocks. Nano-Cap Penny Stocks"><div>Source: John Brueske / Shutterstock.com</div></div><p><strong>Velo3D</strong> (NYSE:<span><a href="https://investorplace.com/stock-quotes/vld-stock-quote/"><strong>VLD</strong></a></span>) taps into the 3D printing arena, which is set to grow at a compound annual growth rate <a href="http://printing">(CAGR) of&nbsp;23.5%</a>&nbsp;until 2030. However, Velo3D has a unique value proposition, which adds to that industry-based growth rate. The company offers a metal 3D printing solution to develop parts used for space exploration. Velo3D&rsquo;s early-to-market approach is capital-intensive, but it is undoubtedly promising.</p>



<p>I must mention that Velo3D recently faced a few headwinds. A soft corporate research and development spending environment resulted in the company conceding that it might slide to a net loss of&nbsp;<a href="https://seekingalpha.com/news/4037526-velo3d-drops-15-on-revising-q3-revenue-lower-eps-drops-to-009" target="_blank">$17.4 million</a>&nbsp;in its third quarter. In addition, questions have been raised regarding Velo3D&rsquo;s ability to meet its debt covenants, consequently devaluing the company&rsquo;s common stock.</p>



<p>Velo3D&rsquo;s recent headwinds are transient. In fact, I&rsquo;d go as far as saying they&rsquo;re merely part of an innovative start-up&rsquo;s journey. Continuous product quality enhancements and a planned&nbsp;<a href="https://ir.velo3d.com/news-events/press-releases/detail/138/velo3d-announces-key-strategic-priorities-for-growth-in-2024">40%&nbsp;reduction</a> in operating expenses assist the firm&rsquo;s long-term prospects. On top of that, I think Velo3D will soon be a takeover target due to its unique offering and abundance of in-house intellectual capital.</p>



<p>VLD stock has shed <a href="https://investorplace.com/stock-quotes/vld-stock-quote/">more than 25%</a> of its market value since the turn of the year, leaving it with a <a href="https://seekingalpha.com/symbol/VLD/valuation/metrics">price-to-sales ratio of merely 0.47x</a>. In addition, the company&rsquo;s revenue surged by <a href="https://seekingalpha.com/symbol/VLD/growth">71.92% in the past year</a>, illustrating its growth potential.</p>



<p>Don&rsquo;t miss out here!</p>



<h2>Farmer Brothers Co. (FARM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-fingers-300x169.jpg" alt="Image of a penny held between two fingers with a white indoor background. Dividend-Paying Penny Stocks"><div>Source: Shutterstock</div></div><p><strong>Farmer Brothers Company</strong> (NASDAQ:<span><a href="https://investorplace.com/stock-quotes/farm-stock-quote/"><strong>FARM</strong></a></span>), aka Farmer Bros., is a coffee and coffee supplies distributor with representation in adjacent businesses. The company&rsquo;s strength lies in its nimble implementation. However, another component of Farmer Bros.&rsquo;s growth story is the industry break-up within the coffee space, which has provided rise to a broader array of brands. Farmer Bros. possesses the necessary latitude and zeal to build on its&nbsp;<a href="https://seekingalpha.com/symbol/FARM/growth">33.04%&nbsp;year-over-year</a> growth, concurrently providing investors with scintillating returns.</p>



<p>A significant turning point occurred last month after Farmer Brothers swung to a second-quarter profit of <a href="https://seekingalpha.com/news/4065135-farmer-bros-swings-profit-driving-shares-higher">13 cents per share</a>. In addition, Farmer Brothers experienced stronger demand, lifting its revenue by $600,000 to $89.5 million, while the company&rsquo;s gross profits enhanced by 550 basis points to 40.4% amid lower commodity prices. </p>



<p>Due to its highly addressable end market, Farmer Brothers is set to benefit from sustainable long-term growth. In addition, further easing of input costs will widen Farmer Bros.&rsquo;s profit margins, leading to better shareholder value.</p>



<p>Lastly, FARM stock is well situated from a market-based perspective. The stock has a <a href="https://seekingalpha.com/symbol/FARM/valuation/metrics">price-to-sales ratio of only 0.21x</a>, inciting absolute value. Additionally, FARM stock trades above its 50-, 100-, and 200-day <a href="https://seekingalpha.com/symbol/FARM/momentum/performance">moving averages</a>, meaning a momentum trend has been shaped.</p>



<h2>E3 Lithium Limited (EEMMF)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-finding-magnify-300x169.jpg" alt="A hand holding a magnifying glass over pennies. under-$1 stocks to buy"><div>Source: Shutterstock</div></div><p>You&rsquo;ve come to the right place if you&rsquo;re looking for an overlooked lithium exploration company. </p>



<p><strong>E3 Lithium</strong>&lsquo;<strong>s </strong>(OTCMKTS:<span><a href="https://investorplace.com/stock-quotes/eemmf-stock-quote/"><strong>EEMMF</strong></a></span>) objective is to become a leading integrated lithium company by mining its <a href="https://www.e3lithium.ca/our-assets/resources/">16.0 million</a> tonnes of measured and indicated lithium carbonate equivalent resources. Results from the firm&rsquo;s geophysical report communicate its potential to ornament itself as Canada&rsquo;s largest lithium producer. Therefore, best-in-class shareholder value isn&rsquo;t out of the question.</p>



<p>The company has yet to deliver revenue as it is in its pre-production phase. However, E3 Lithium&rsquo;s projects have promising case studies. For example, E3 Lithium&rsquo;s flagship project, Clearwater, is set to deliver 20,000 tonnes per year to achieve a pre-tax internal <a href="https://www.e3lithium.ca/our-assets/resources/">rate of return of 32%</a>. </p>



<p>E3 Lithium doesn&rsquo;t have any realized valuation or growth metrics to speak of. However, Clearwater has an estimated earnings before interest tax depreciation and amortization (EBITDA) figure of $208.6 million. Therefore, by considering E3 Lithium&rsquo;s enterprise value of <a href="https://seekingalpha.com/symbol/EEMMF">$66.94 million</a>, a back-on-napkin calculation delivers an alluring EV/EBITDA ratio of 0.32x.</p>



<p><em>On the date of publication, Steve Booyens did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/">Publishing Guidelines</a></em>.</p>
<div><p>Steve Booyens co-founded Pearl Gray Equity and Research in 2020 and has been responsible for institutional equity research and PR ever since. Before founding the firm, Steve spent time working in various finance roles in London and South Africa. He holds an MSc in Investment Banking from Queen Mary &ndash; University of London. Furthermore, Steve has passed CFA Levels 1 &amp; 2 and is working toward his Ph.D. in Finance. His articles are published on various reputable web pages such as Seeking Alpha, TipRanks, Yahoo Finance, and Benzinga. Steve&rsquo;s articles on InvestorPlace form an interesting juxtaposition between mainstream opinion and objective theory. Readers can expect coverage on frequently traded stocks, REITs, fixed-income funds, CEFs, and ETFs.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/03/the-penny-phenomenon-3-stocks-set-to-disrupt-the-market/">The Penny Phenomenon: 3 Stocks Set to Disrupt the Market</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

Overall market sentiment has been high on Farmer Bros Co (FARM)  stock lately. FARM receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator. Farmer Bros Co has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on FARM!See Full FARM ReportWhat is Stock Sentimen

Should You Buy Farmer Bros Co (FARM) Stock After it Has Gained 3.05% in a Week?

Farmer Brothers Company (FARM) has provided an update. Farmer Bros. Co. has crafted an informative investor presentation highlighting key financial...

Farmer Brothers Company Showcases Investor Presentation

These Consumer Defensive stocks are trading higher:-Bit Origin Ltd (BTOG) stock is trading at $5.52, an increase of $0.98, or 21.59%, on low volume.  Bit Origin Ltd gets a Sentiment Score of Neutral from InvestorsObserver.  -Hempacco Co Ord Shs (HPCO) stock is trading at $2.72, a rise of $0.36, or 15.25%, on high volume.

Consumer Defensive Stocks Moving Up and Down Monday: BTOG, HPCO, CLEU, EAST, LSF, FARM, NWL, CELH

NIU, HEAR and SGH are among after hour movers

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>There are thousands of publicly-traded companies whose shares are in &ldquo;penny stock territory&rdquo; (trading for $5 or less per share), but arguably a small fraction of these should be considered <a href="https://investorplace.com/stock-types/penny-stocks/">penny stocks</a> to buy.</p>



<p>For one, a large proportion of penny stocks are low-priced, yet are still &ldquo;expensive,&rdquo; in terms of their trading price relative to underlying value. </p>



<p>Alongside these names, are scores of stocks that, although undervalued on paper, have all the red flags of stocks that end up being  <a href="https://www.investopedia.com/terms/v/valuetrap.asp">&ldquo;value traps&rdquo;</a> for investors.</p>



<p>However, taking into account fundamentals, valuation, and the presence of catalysts, a few names stand out at strong opportunities right now. These include penny stocks trading on major exchanges, as well as penny stocks trading in the over-the-counter market.</p>



<p>If you&rsquo;re looking for penny stocks to buy this month, it better be one of the following seven.</p>



<h2>Farmer Bros (FARM)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/09/coffee_1600-300x169.jpg" alt="NUZE Stock. A photo of a cup of coffee and some coffee beans and a towel on a wooden table. Coffee stocks"><div>Source: Evgeny Karandaev/ShutterStock.com</div></div><p>At first, <strong>Farmer Bros</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/farm-stock-quote/"><strong>FARM</strong></a>) may not look like an attractive investment opportunity. </p>



<p>In recent years, the coffee wholesaler and foodservice company has been consistently unprofitable. Over the past five years, FARM has declined by over 84.5%.</p>



<p>However, with FARM stock, focus less on the past five years. Focus more on what may lie ahead in the coming five years. As investment firm <strong>Lake Cornelia Research Management</strong> has argued, Farmer Bros is <a href="https://twitter.com/CorneliaLake/status/1744425302271443344">well-positioned to materially improve its fiscal performance</a>.</p>



<p>In 2023, Farmer Bros made a large asset sale, using the proceeds to de-lever its balance sheet. Through pricing improvements and cost cutting, Lake Cornelia believes that FARM, trading today for around $3.25 per share, could rise to $12 per share within a few years. </p>



<p>While it&rsquo;s far from certain this turnaround will prove fully successful, risk/reward is highly favorable at current prices.</p>



<h2>Flexible Solutions International (FSI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-fingers-300x169.jpg" alt="Image of a penny held between two fingers with a white indoor background. Dividend-Paying Penny Stocks"><div>Source: Shutterstock</div></div><p><strong>Flexible Solutions International</strong> (NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/fsi-stock-quote/"><strong>FSI</strong></a>) is a Canada-based manufacturer of water evaporation control products. Shares have been volatile over the past year, as macro challenges like high inflation and slowing economic growth have affected fiscal performance.</p>



<p>However, based on more recent results, you may want to consider FSI stock one of the top penny stocks to buy once again. </p>



<p>As InvestorPlace Earnings reported last week, FSI&rsquo;s revenue and earnings for the quarter ending Dec. 31, 2023 <a href="https://investorplace.com/earning-results/2024/04/fsi-stock-earnings-flexible-solutions-intl-for-q4-of-2023/">came in ahead of expectations</a>. Alongside better-than-feared results, management also provided <a href="https://flexiblesolutions.com/wp-content/uploads/2024/04/FSI-News-Release-Full-Year-2023-Financial-Results-with-conf-call-26.03.24.docx">upbeat guidance</a> in the earnings press release. </p>



<p>The market is still pricing FSI at a discounted valuation of 6.9 times forward earnings. If results in the coming quarters indicate it will meet or beat these forecasts, this stock could have a tremendous re-rating. Even a move to 10 times forward earnings would mean big price appreciation.</p>



<h2>Innovative Food Holdings (IVFH)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-single-300x169.jpg" alt="A close up photo of a penny. Penny Stocks to Buy"><div>Source: Shutterstock</div></div><p><strong>Innovative Food Holdings</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/ivfh-stock-quote/"><strong>IVFH</strong></a>) is a penny stock winner that could keep on winning. Over the past year, shares in this specialty foods company have rallied by more than 160%, but don&rsquo;t assume that additional upside is limited from here.</p>



<p>As noted previously, <a href="https://investorplace.com/2024/03/7-speculative-penny-stocks-to-watch-for-massive-upside/">IVFH stock is, and continues to be, a turnaround play</a>. Innovative Food Holdings is focusing on maximizing core business profitability. Per the company&rsquo;s latest fiscal results, <a href="https://www.ivfh.com/news-releases/news-release-details/innovative-food-holdings-inc-reports-financial-results-fourth-0">improvements to gross margins and adjusted EBITDA</a> have already started to take shape.</p>



<p>In the years ahead, Innovative could hit consistent GAAP profitability. This, perhaps coupled with a uplisting from the OTC markets to a major stock exchange, may drive another strong move higher for shares. </p>



<p>With this, IVFH remains a strong buy, at just under $1 per share.</p>



<h2>Midwest Energy Emissions (MEEC)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-finding-magnify-300x169.jpg" alt="A hand holding a magnifying glass over pennies. under-$1 stocks to buy"><div>Source: Shutterstock</div></div><p><strong>Midwest Energy Emissions</strong> (OTCMKTS:<a href="https://investorplace.com/stock-quotes/meec-stock-quote/"><strong>MEEC</strong></a>) is another of the penny stocks to buy that looks unattractive on a stock screener, but is a very attractive opportunity when you dive into the details. </p>



<p>Last month, <em>Seeking Alpha</em> commentator 1035 Capital Management <a href="https://seekingalpha.com/article/4680892-midwest-energy-emissions-market-cap-in-cash-numerous-large-growth-opportunities">laid out the bull case</a> for this environmental technology company.</p>



<p>Midwest Energy Emissions recently won a patent infringement lawsuit. The amount awarded by the court, coupled with settlements from related litigation, comes out to around $1 per share. </p>



<p>That&rsquo;s around what MEEC stock trades for right now. That&rsquo;s not all. MEEC plans to use these proceeds to both de-lever the balance sheet, and to grow its business.</p>



<p>Per 1035 Capital Management, if all goes right, MEEC could eventually hit $5 per share. While not guaranteed to happen, weighing this high upside against the margin of safety provided by the judgment award, and risk/reward is clearly skewed in your favor.</p>



<h2>New Gold (NGD)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2021/10/gold_g_1600-300x169.jpg" alt="A photo of a gold nugget on a table, being picked up by tweezers, with more gold behind it. Stocks to Buy in March"><div>Source: aerogondo2 / Shutterstock.com</div></div><p>Spot gold prices have rallied over the past month, but gold mining stocks like <strong>New Gold</strong> (NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/ngd-stock-quote/"><strong>NGD</strong></a>) have made outsized moves higher because of this development. </p>



<p>That&rsquo;s not surprising, given the large impact rising gold prices can make on the performance of miners.</p>



<p>Gold miners have a high level of operating leverage. With their production costs largely fixed, the lion&rsquo;s share of incremental increases to prices fall straight to the bottom line. In the case of NGD stock, this isn&rsquo;t the only catalyst at play. </p>



<p>As InvestorPlace&rsquo;s Matthew Farley pointed out recently, New Gold is also <a href="https://investorplace.com/2024/04/the-7-best-penny-stocks-to-buy-in-april-2024/">increasing production</a> at its flagship Rainy River Mine.</p>



<p>The high end of sell-side earnings forecasts call for New Gold to report earnings of 16 cents per share this year, and 32 cents per share in 2025. Not too shabby, for a stock changing hands for under $2 per share today.</p>



<h2>Ring Energy (REI)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/oil1600h-300x169.jpg" alt="miniature oil barrel and oil well figures on top of stack of money"><div>Source: Shutterstock</div></div><p>Gold isn&rsquo;t the only commodity spiking higher. Crude oil prices are climbing as well, making <strong>Ring Energy</strong> (NYSEAMERICAN:<a href="https://investorplace.com/stock-quotes/rei-stock-quote/"><strong>REI</strong></a>) another of the top penny stocks to buy. </p>



<p>Ring Energy is an independent oil and gas exploration and production company.</p>



<p>While it&rsquo;s not out of the ordinary for an oil and gas stock to sport a low multiple, REI stock is arguably trading at too cheap of a forward valuation. </p>



<p>Shares today trade for only 4.6 times forward earnings. Many comparable names trade at forward multiples in the mid-to-high single-digit range.</p>



<p>Besides the prospect of continued strong profitability, Ring is pursuing multiple ways to maximize shareholder value. </p>



<p>As laid out in its latest <a href="https://d1io3yog0oux5.cloudfront.net/_f9756be854968d542bf6ffe6f534287f/ringenergy/db/856/7741/pdf/Ring+Energy+2024+Roth+Conference+Investor+Presentation+3-18-24.pdf">investor presentation</a>, the company is making accretive acquisitions, and paying down. Down the road, as results and the balance sheet further improve, Ring Energy aims to begin returning capital via dividends and buybacks.</p>



<h2>Yatra Online (YTRA)</h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/07/penny-stocks-man-figurine-300x169.jpg" alt="penny stocks. Penny Stocks with Potential"><div>Source: Shutterstock</div></div><p>Back in December, I broke down the bull case for <strong>Yatra Online</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/ytra-stock-quote/"><strong>YTRA</strong></a>), <a href="https://investorplace.com/2023/12/the-7-best-penny-stocks-to-buy-in-december/">a deep value special situation</a>. Shares have barely budged since then, but the bull case remains. </p>



<p>Yatra has an underlying value far in excess of the market&rsquo;s current valuation of shares.</p>



<p>Yatra&rsquo;s holdings include majority ownership of India-based travel site Yatra Online Limited. <a href="https://www.bseindia.com/stock-share-price/yatra-online-ltd/yatra/543992/">Listed on India&rsquo;s BSE Exchange</a>, YTRA&rsquo;s 65% stake is worth around $183.4 million. This position alone is more than double the current market cap of YTRA stock.</p>



<p>Alongside the value of its equity stake, Yatra is sitting on a total of $60.6 million in cash and short-term investments. Put simply, there is tremendous underlying value that in time could be unlocked with YTRA. </p>



<p>While it may be a while before this value is realized, in the meantime efforts like <a href="https://investors.yatra.com/press-releases/press-release-details/2024/Yatra-Online-Inc.-Provides-Update-on-Share-Buyback-Repurchasing-a-Total-of-1044638-shares/default.aspx">share repurchases</a> may provide upward pressure for the stock.</p>



<p><em>On the date of publication, Thomas Niel held a long position in MEEC. He did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.</em></p>
<div><p>Thomas Niel, contributor for InvestorPlace.com, has been writing single-stock analysis for web-based publications since 2016.</p></div><h3>More From InvestorPlace</h3>
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<p>The post <a href="https://investorplace.com/2024/04/if-you-can-only-buy-one-penny-stock-in-april-it-better-be-one-of-these-7-names/">If You Can Only Buy One Penny Stock in April, It Better Be One of These 7 Names</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

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ACRV

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Farmer Brothers reports first quarter fiscal 2024 financial results and publishes quarterly shareholder letter

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Farmer Brothers to report fiscal second quarter 2024 financial results

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Farmer Brothers reports second quarter fiscal 2024 financial results and publishes quarterly shareholder letter

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