TheStreet upgraded shares of Farmer Brothers Company (NASDAQ:FARM) from a c+ rating to a b- rating in a research report sent to investors on Wednesday.

FARM has been the topic of a number of other reports. Zacks Investment Research lowered shares of Farmer Brothers from a hold rating to a sell rating in a research report on Wednesday, October 4th. ValuEngine upgraded shares of Farmer Brothers from a sell rating to a hold rating in a research report on Tuesday, August 22nd. Finally, B. Riley restated a buy rating and issued a $38.50 price target on shares of Farmer Brothers in a research report on Wednesday, October 4th.

Shares of Farmer Brothers (FARM) opened at $33.10 on Wednesday. Farmer Brothers has a 12-month low of $28.75 and a 12-month high of $37.55. The firm has a market cap of $557.51, a PE ratio of 47.97 and a beta of 0.44.

Farmer Brothers (NASDAQ:FARM) last issued its earnings results on Thursday, September 28th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.04. Farmer Brothers had a net margin of 4.51% and a return on equity of 6.94%. The business had revenue of $133.80 million for the quarter, compared to analyst estimates of $135.72 million. During the same period in the previous year, the business earned $0.23 EPS. The firm’s revenue was down .3% on a year-over-year basis. equities research analysts expect that Farmer Brothers will post 0.61 EPS for the current year.

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In other Farmer Brothers news, major shareholder Carol Farmer Waite sold 350,000 shares of the business’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $29.60, for a total value of $10,360,000.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 9.20% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in FARM. Capital World Investors raised its stake in shares of Farmer Brothers by 150.7% in the second quarter. Capital World Investors now owns 425,000 shares of the company’s stock worth $12,856,000 after acquiring an additional 255,457 shares during the last quarter. Heartland Advisors Inc. raised its stake in shares of Farmer Brothers by 94.7% in 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 last quarter. Kennedy Capital Management Inc. raised its stake in shares of Farmer Brothers by 176.3% in 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 last quarter. Hodges Capital Management Inc. raised its stake in shares of Farmer Brothers by 951.0% in the second quarter. Hodges Capital Management Inc. now owns 90,000 shares of the company’s stock worth $2,722,000 after acquiring an additional 81,437 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Farmer Brothers by 11.4% in the second quarter. Dimensional Fund Advisors LP now owns 732,654 shares of the company’s stock worth $22,163,000 after acquiring an additional 74,796 shares during the last quarter. 53.39% of the stock is owned by institutional investors.

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.

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