Teton Advisors Inc. Continues to Hold Stake in Farmer Brothers Company (FARM)

Teton Advisors Inc. continued to hold its position in shares of Farmer Brothers Company (NASDAQ:FARM) during the fourth quarter, Holdings Channel reports. The fund owned 195,913 shares of the company’s stock at the end of the fourth quarter. Teton Advisors Inc. owned 1.18% of Farmer Brothers Company worth $7,190,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in FARM. Analytic Investors LLC raised its position in shares of Farmer Brothers Company by 1.3% in the third quarter. Analytic Investors LLC now owns 8,079 shares of the company’s stock worth $287,000 after buying an additional 100 shares during the period. Mutual of America Capital Management LLC raised its position in shares of Farmer Brothers Company by 0.5% in the third quarter. Mutual of America Capital Management LLC now owns 137,809 shares of the company’s stock worth $4,899,000 after buying an additional 676 shares during the period. Wells Fargo & Company MN raised its position in shares of Farmer Brothers Company by 23.3% in the third quarter. Wells Fargo & Company MN now owns 10,052 shares of the company’s stock worth $357,000 after buying an additional 1,902 shares during the period. Gilder Gagnon Howe & Co. LLC raised its position in shares of Farmer Brothers Company by 2.1% in the second quarter. Gilder Gagnon Howe & Co. LLC now owns 96,021 shares of the company’s stock worth $3,078,000 after buying an additional 1,998 shares during the period. Finally, Connors Investor Services Inc. raised its position in shares of Farmer Brothers Company by 2.9% in the second quarter. Connors Investor Services Inc. now owns 84,406 shares of the company’s stock worth $2,706,000 after buying an additional 2,347 shares during the period. Hedge funds and other institutional investors own 48.28% of the company’s stock.

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

Shares of Farmer Brothers Company (NASDAQ:FARM) traded down 1.140% on Monday, reaching $32.525. The company’s stock had a trading volume of 57,407 shares. Farmer Brothers Company has a 1-year low of $24.59 and a 1-year high of $37.55. The stock has a market capitalization of $539.39 million, a P/E ratio of 5.092 and a beta of 1.04. The company has a 50 day moving average of $34.46 and a 200 day moving average of $33.53.

Farmer Brothers Company (NASDAQ:FARM) last announced its quarterly earnings results on Tuesday, February 7th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by $0.18. The company earned $139 million during the quarter, compared to the consensus estimate of $143.85 million. Farmer Brothers Company had a return on equity of 9.25% and a net margin of 19.91%. The company’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the business posted $0.34 EPS. Equities research analysts expect that Farmer Brothers Company will post $0.88 earnings per share for the current fiscal year.

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A number of brokerages have recently issued reports on FARM. B. Riley reiterated a “buy” rating and set a $39.00 target price on shares of Farmer Brothers Company in a research report on Monday, November 14th. Zacks Investment Research upgraded Farmer Brothers Company from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a report on Thursday.

In other Farmer Brothers Company news, CEO Michael H. Keown sold 12,000 shares of Farmer Brothers Company stock in a transaction on Monday, December 12th. The stock was sold at an average price of $35.59, for a total transaction of $427,080.00. Following the sale, the chief executive officer now owns 59,242 shares of the company’s stock, valued at approximately $2,108,422.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 38.10% of the stock is owned by insiders.

Farmer Brothers Company 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.

5 Day Chart for NASDAQ:FARM

Want to see what other hedge funds are holding FARM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Farmer Brothers Company (NASDAQ:FARM).

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