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

Dimensional Fund Advisors LP increased its stake in shares of Farmer Bros. Co. (NASDAQ:FARM) by 4.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 367,919 shares of the company’s stock after buying an additional 17,327 shares during the quarter. Dimensional Fund Advisors LP owned about 1.73% of Farmer Bros. worth $986,000 at the end of the most recent quarter.

Separately, Vanguard Group Inc. grew its stake in Farmer Bros. by 8.6% during the 1st quarter. Vanguard Group Inc. now owns 824,528 shares of the company’s stock worth $2,944,000 after buying an additional 65,277 shares during the last quarter. 64.48% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on FARM shares. Craig Hallum started coverage on Farmer Bros. in a research note on Monday, June 17th. They set a “buy” rating and a $6.00 price objective for the company. StockNews.com downgraded Farmer Bros. from a “buy” rating to a “hold” rating in a research note on Monday, September 16th. Finally, Roth Mkm lowered their price objective on Farmer Bros. from $6.00 to $4.50 and set a “buy” rating for the company in a research note on Wednesday, September 18th.

Farmer Bros. Trading Up 1.0 %

NASDAQ:FARM opened at $1.93 on Friday. Farmer Bros. Co. has a 1 year low of $1.85 and a 1 year high of $4.04. The stock has a market cap of $41.04 million, a price-to-earnings ratio of -0.84 and a beta of 1.77. The business has a fifty day moving average of $2.39 and a 200-day moving average of $2.78. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.59 and a current ratio of 1.34.

Farmer Bros. (NASDAQ:FARM) last released its quarterly earnings results on Thursday, September 12th. The company reported ($0.22) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.22). Farmer Bros. had a negative return on equity of 27.35% and a negative net margin of 1.14%. The company had revenue of $84.40 million during the quarter, compared to analysts’ expectations of $81.30 million. During the same quarter in the prior year, the business posted ($0.84) earnings per share. Equities analysts predict that Farmer Bros. Co. will post -0.69 earnings per share for the current year.

Farmer Bros. Company Profile

Farmer Bros. Co engages in the roasting, wholesale, equipment servicing, and distribution of coffee, tea, and other allied 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 spices, pancake and biscuit mixes, gravy and sauce mixes, soup bases, dressings, and syrups and sauces, as well as coffee filters, cups, sugar, and creamers; and other beverages comprising cappuccino, cocoa, granitas, and other blender-based beverages and concentrated and ready-to-drink cold brew and iced coffee.