Nationwide Fund Advisors boosted its position in Farmer Brothers Company (NASDAQ:FARM) by 8.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,447 shares of the company’s stock after buying an additional 438 shares during the period. Nationwide Fund Advisors’ holdings in Farmer Brothers Company were worth $193,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Russell Investments Group Ltd. purchased a new position in Farmer Brothers Company during the fourth quarter worth approximately $1,469,000. State Street Corp increased its position in Farmer Brothers Company by 8.8% in the fourth quarter. State Street Corp now owns 128,442 shares of the company’s stock worth $4,712,000 after buying an additional 10,420 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Farmer Brothers Company by 10.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 614,453 shares of the company’s stock worth $22,550,000 after buying an additional 55,755 shares during the period. Institutional investors and hedge funds own 50.46% of the company’s stock.
Farmer Brothers Company (FARM) opened at 29.80 on Monday. The firm has a market capitalization of $494.83 million, a P/E ratio of 4.63 and a beta of 0.48. The company has a 50-day moving average price of $31.03 and a 200-day moving average price of $33.48. Farmer Brothers Company has a 1-year low of $29.16 and a 1-year high of $37.55.
Farmer Brothers Company (NASDAQ:FARM) last released its earnings results on Tuesday, May 9th. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.20 by $0.03. Farmer Brothers Company had a net margin of 19.84% and a return on equity of 7.55%. The firm had revenue of $138.20 million during the quarter, compared to the consensus estimate of $136.88 million. Farmer Brothers Company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, equities research analysts predict that Farmer Brothers Company will post $0.66 earnings per share for the current fiscal year.
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A number of equities analysts recently commented on the company. B. Riley reiterated a “buy” rating and issued a $39.50 price target on shares of Farmer Brothers Company in a research note on Saturday, May 13th. TheStreet downgraded Farmer Brothers Company from a “b” rating to a “c+” rating in a research note on Tuesday, May 30th. ValuEngine upgraded Farmer Brothers Company from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Zacks Investment Research downgraded Farmer Brothers Company from a “hold” rating to a “sell” rating in a research note on Thursday, May 11th.
Farmer Brothers Company Company Profile
Farmer Bros. Co is a national coffee roaster, wholesaler and distributor of coffee, tea and culinary products. The Company offers private brand and consumer-branded coffee products to small independent restaurants and foodservice operators, and institutional buyers. Its product line includes organic, Direct Trade, Direct Trade Verified Sustainable (DTVS) coffees and other coffees, iced and hot teas, cappuccino, spices, and baking/biscuit mixes.
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