Farmer Bros. (NASDAQ:FARM) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Shares of Farmer Bros. Co. (NASDAQ:FARM) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.08 and traded as high as $2.18. Farmer Bros. shares last traded at $2.16, with a volume of 178,823 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com initiated coverage on Farmer Bros. in a report on Thursday, March 13th. They issued a “hold” rating for the company.

Farmer Bros. Price Performance

The company has a debt-to-equity ratio of 0.56, a current ratio of 1.28 and a quick ratio of 0.60. The firm has a fifty day moving average of $2.16 and a two-hundred day moving average of $2.08. The stock has a market capitalization of $46.12 million, a P/E ratio of -4.50 and a beta of 1.77.

Farmer Bros. (NASDAQ:FARM) last posted its earnings results on Thursday, February 6th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.18. Farmer Bros. had a negative return on equity of 27.45% and a negative net margin of 2.92%. On average, analysts predict that Farmer Bros. Co. will post -0.37 EPS for the current year.

Hedge Funds Weigh In On Farmer Bros.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geode Capital Management LLC grew its stake in Farmer Bros. by 5.8% in the third quarter. Geode Capital Management LLC now owns 209,288 shares of the company’s stock valued at $414,000 after purchasing an additional 11,390 shares during the last quarter. Millennium Management LLC purchased a new position in Farmer Bros. in the fourth quarter valued at about $69,000. Squarepoint Ops LLC grew its stake in Farmer Bros. by 67.1% in the fourth quarter. Squarepoint Ops LLC now owns 69,270 shares of the company’s stock valued at $125,000 after purchasing an additional 27,805 shares during the last quarter. Jane Street Group LLC purchased a new position in Farmer Bros. in the fourth quarter valued at about $29,000. Finally, XTX Topco Ltd purchased a new position in Farmer Bros. in the fourth quarter valued at about $36,000. Hedge funds and other institutional investors own 64.48% of the company’s stock.

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.