Vanguard Group Inc. boosted its position in Farmer Brothers Company (NASDAQ:FARM) by 11.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 513,123 shares of the company’s stock after buying an additional 51,021 shares during the period. Vanguard Group Inc. owned about 3.09% of Farmer Brothers worth $18,139,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its position in shares of Farmer Brothers 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 last quarter. Nationwide Fund Advisors raised its position in shares of Farmer Brothers by 8.7% in the first quarter. Nationwide Fund Advisors now owns 5,447 shares of the company’s stock worth $193,000 after buying an additional 438 shares during the last quarter. Strs Ohio raised its position in shares of Farmer Brothers by 44.6% in the first quarter. Strs Ohio now owns 18,800 shares of the company’s stock worth $664,000 after buying an additional 5,800 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Farmer Brothers by 19.1% in the first quarter. Russell Investments Group Ltd. now owns 49,219 shares of the company’s stock worth $1,740,000 after buying an additional 7,892 shares during the last quarter. Finally, Heartland Advisors Inc. purchased a new position in shares of Farmer Brothers during the first quarter worth $4,853,000. Institutional investors own 49.23% of the company’s stock.

Shares of Farmer Brothers Company (FARM) traded down 1.69% during trading on Friday, reaching $31.90. 12,904 shares of the company were exchanged. Farmer Brothers Company has a 1-year low of $28.90 and a 1-year high of $37.55. The firm has a market capitalization of $529.70 million, a PE ratio of 4.96 and a beta of 0.48. The company’s 50-day moving average is $30.73 and its 200 day moving average is $32.38.

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FARM has been the subject of a number of recent analyst reports. B. Riley restated a “buy” rating and issued a $38.50 price objective on shares of Farmer Brothers in a report on Monday, May 8th. Zacks Investment Research lowered shares of Farmer Brothers from a “hold” rating to a “sell” rating in a report on Thursday, May 11th. TheStreet lowered shares of Farmer Brothers from a “b” rating to a “c+” rating in a report on Tuesday, May 30th. Finally, ValuEngine upgraded shares of Farmer Brothers from a “sell” rating to a “hold” rating in a report on Friday, June 2nd.

In other Farmer Brothers news, major shareholder Carol Farmer Waite sold 350,000 shares of the company’s stock in a transaction on Friday, August 11th. The shares were sold at an average price of $29.60, for a total transaction of $10,360,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 9.20% of the stock is currently owned by corporate insiders.

Farmer Brothers 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.

Institutional Ownership by Quarter for Farmer Brothers (NASDAQ:FARM)

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