Wellington Management Group LLP Has $47.27 Million Stake in Farmer Brothers Company (FARM)

Wellington Management Group LLP raised its position in Farmer Brothers Company (NASDAQ:FARM) by 62.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,337,166 shares of the company’s stock after buying an additional 515,867 shares during the period. Wellington Management Group LLP owned approximately 0.08% of Farmer Brothers Company worth $47,269,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Fortaleza Asset Management Inc. increased its position in shares of Farmer Brothers Company by 8.0% in the fourth quarter. Fortaleza Asset Management Inc. now owns 3,990 shares of the company’s stock worth $146,000 after buying an additional 295 shares during the period. American International Group Inc. increased its position in shares of Farmer Brothers Company by 7.0% in the first quarter. American International Group Inc. now owns 4,977 shares of the company’s stock worth $176,000 after buying an additional 326 shares during the period. Suntrust Banks Inc. increased its position in shares of Farmer Brothers Company by 5.4% in the first quarter. Suntrust Banks Inc. now owns 7,754 shares of the company’s stock worth $273,000 after buying an additional 395 shares during the period. Nationwide Fund Advisors increased its position in shares of Farmer Brothers Company 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 period. Finally, Victory Capital Management Inc. acquired a new position in shares of Farmer Brothers Company during the first quarter worth about $142,000. 50.46% of the stock is owned by institutional investors and hedge funds.

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

Farmer Brothers Company (NASDAQ:FARM) traded down 1.65% during midday trading on Tuesday, hitting $29.85. The company had a trading volume of 6,093 shares. The company’s 50 day moving average is $31.98 and its 200 day moving average is $33.75. Farmer Brothers Company has a 12-month low of $28.86 and a 12-month high of $37.55. The stock has a market cap of $495.66 million, a price-to-earnings ratio of 4.64 and a beta of 0.55.

Farmer Brothers Company (NASDAQ:FARM) last announced its earnings results on Tuesday, May 9th. The company reported $0.17 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by $0.03. Farmer Brothers Company had a return on equity of 7.55% and a net margin of 19.84%. The firm had revenue of $138.20 million for the quarter, compared to the consensus estimate of $136.88 million. Farmer Brothers Company’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities analysts anticipate that Farmer Brothers Company will post $0.71 EPS for the current fiscal year.

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A number of brokerages have recently issued reports on FARM. B. Riley reissued a “buy” rating and set a $37.25 target price (down from $39.50) on shares of Farmer Brothers Company in a research note on Sunday. TheStreet downgraded Farmer Brothers Company from a “b” rating to a “c+” rating in a research note on Tuesday, May 30th. ValuEngine raised 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.

About Farmer Brothers Company

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:FARM”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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