Farmer Bros. Co. (NASDAQ:FARM) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP lowered its stake in Farmer Bros. Co. (NASDAQ:FARM) by 16.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 706,451 shares of the company’s stock after selling 136,217 shares during the period. Dimensional Fund Advisors LP’s holdings in Farmer Bros. were worth $3,299,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Virtu Financial LLC acquired a new stake in Farmer Bros. during the 4th quarter valued at $107,000. Rhumbline Advisers raised its stake in Farmer Bros. by 17.8% during the 4th quarter. Rhumbline Advisers now owns 27,580 shares of the company’s stock valued at $129,000 after purchasing an additional 4,164 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Farmer Bros. by 7.3% during the 4th quarter. Bank of New York Mellon Corp now owns 57,308 shares of the company’s stock valued at $267,000 after acquiring an additional 3,893 shares in the last quarter. Nuveen Asset Management LLC grew its holdings in shares of Farmer Bros. by 4.9% during the 4th quarter. Nuveen Asset Management LLC now owns 77,558 shares of the company’s stock valued at $362,000 after acquiring an additional 3,632 shares in the last quarter. Finally, Squarepoint Ops LLC grew its holdings in shares of Farmer Bros. by 13.4% during the 4th quarter. Squarepoint Ops LLC now owns 86,246 shares of the company’s stock valued at $403,000 after acquiring an additional 10,200 shares in the last quarter. 60.78% of the stock is currently owned by institutional investors.

Separately, B. Riley upgraded shares of Farmer Bros. from a “neutral” rating to a “buy” rating and boosted their price target for the company from $6.50 to $12.50 in a report on Wednesday, March 31st.

FARM stock opened at $12.09 on Friday. The company has a debt-to-equity ratio of 1.07, a current ratio of 1.79 and a quick ratio of 0.78. Farmer Bros. Co. has a 52-week low of $3.40 and a 52-week high of $13.08. The company’s 50-day moving average price is $10.73. The company has a market capitalization of $215.48 million, a PE ratio of -4.41 and a beta of 1.65.

Farmer Bros. (NASDAQ:FARM) last announced its quarterly earnings data on Thursday, May 6th. The company reported ($0.78) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.40) by ($0.38). The company had revenue of $93.15 million for the quarter, compared to analyst estimates of $107.37 million. Farmer Bros. had a negative net margin of 12.60% and a negative return on equity of 26.90%. On average, equities analysts forecast that Farmer Bros. Co. will post -1.17 earnings per share for the current fiscal year.

Farmer Bros. Profile

Farmer Bros. Co engages in the manufacture, wholesale, and distribution of coffee, tea, and culinary products in the United States. The company offers roast and ground coffee; frozen liquid coffee; flavoured and unflavoured iced and hot teas; culinary products, including gelatins and puddings, soup bases, dressings, gravy and sauce mixes, pancake and biscuit mixes, jellies and preserves, and coffee-related products, such as coffee filters, sugar, and creamers; spices; and other beverages comprising cappuccino, cocoa, granitas, and concentrated and ready-to-drink cold brew and iced coffee.

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Institutional Ownership by Quarter for Farmer Bros. (NASDAQ:FARM)

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