Anchor Capital Advisors LLC increased its holdings in shares of Farmer Brothers Company (NASDAQ:FARM) by 39.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 82,444 shares of the company’s stock after purchasing an additional 23,184 shares during the period. Anchor Capital Advisors LLC owned 0.49% of Farmer Brothers worth $2,708,000 as of its most recent filing with the SEC.
Other institutional investors have also bought and sold shares of the company. Heartland Advisors Inc. boosted its holdings in shares of Farmer Brothers by 94.7% during the second quarter. Heartland Advisors Inc. now owns 267,304 shares of the company’s stock worth $8,086,000 after acquiring an additional 130,017 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Farmer Brothers by 5.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 40,054 shares of the company’s stock worth $1,416,000 after acquiring an additional 2,223 shares during the period. Marshall Wace North America L.P. bought a new stake in shares of Farmer Brothers during the second quarter worth approximately $1,919,000. Gamco Investors INC. ET AL boosted its holdings in shares of Farmer Brothers by 6.3% during the second quarter. Gamco Investors INC. ET AL now owns 89,300 shares of the company’s stock worth $2,701,000 after acquiring an additional 5,300 shares during the period. Finally, Kennedy Capital Management Inc. boosted its holdings in shares of Farmer Brothers by 176.3% during the second quarter. Kennedy Capital Management Inc. now owns 202,009 shares of the company’s stock worth $6,111,000 after acquiring an additional 128,903 shares during the period. Institutional investors and hedge funds own 53.29% of the company’s stock.
A number of equities research analysts have recently issued reports on the company. B. Riley restated a “buy” rating and set a $37.25 price objective on shares of Farmer Brothers in a report on Monday, August 28th. Zacks Investment Research upgraded Farmer Brothers from a “sell” rating to a “hold” rating and set a $35.00 price objective for the company in a report on Monday, November 6th. ValuEngine upgraded Farmer Brothers from a “sell” rating to a “hold” rating in a report on Tuesday, August 22nd. Finally, TheStreet upgraded Farmer Brothers from a “c+” rating to a “b-” rating in a report on Wednesday, November 1st.
Shares of Farmer Brothers Company (NASDAQ:FARM) traded up $0.30 during mid-day trading on Tuesday, hitting $32.00. The company had a trading volume of 48,700 shares, compared to its average volume of 67,616. The company has a market capitalization of $533.93, a PE ratio of 62.16 and a beta of 0.44. Farmer Brothers Company has a fifty-two week low of $28.75 and a fifty-two week high of $37.55.
Farmer Brothers (NASDAQ:FARM) last issued its quarterly earnings results on Tuesday, November 7th. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.04. The business had revenue of $131.70 million during the quarter, compared to analysts’ expectations of $131.09 million. Farmer Brothers had a return on equity of 4.13% and a net margin of 4.02%. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 earnings per share. research analysts expect that Farmer Brothers Company will post 0.72 EPS for the current year.
About Farmer Brothers
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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