Farmer Bros. (NASDAQ:FARM) Shares Cross Above 200-Day Moving Average of $2.94

Shares of Farmer Bros. Co. (NASDAQ:FARMGet Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $2.94 and traded as high as $3.85. Farmer Bros. shares last traded at $3.54, with a volume of 75,455 shares traded.

Farmer Bros. Stock Performance

The stock’s 50-day moving average price is $3.51 and its 200 day moving average price is $2.94. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.67. The firm has a market cap of $74.59 million, a P/E ratio of -1.25 and a beta of 1.75.

Farmer Bros. (NASDAQ:FARMGet Free Report) last announced its quarterly earnings data on Thursday, February 8th. The company reported ($0.10) EPS for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.11. Farmer Bros. had a negative net margin of 14.91% and a negative return on equity of 65.75%. The business had revenue of $89.45 million for the quarter, compared to analyst estimates of $88.50 million. As a group, equities analysts predict that Farmer Bros. Co. will post -0.26 EPS for the current year.

Hedge Funds Weigh In On Farmer Bros.

Several institutional investors and hedge funds have recently modified their holdings of FARM. Penn Capital Management Company LLC grew its stake in Farmer Bros. by 1.2% during the fourth quarter. Penn Capital Management Company LLC now owns 869,757 shares of the company’s stock worth $2,661,000 after buying an additional 10,110 shares in the last quarter. Advisory Services Network LLC lifted its holdings in shares of Farmer Bros. by 65.4% in the fourth quarter. Advisory Services Network LLC now owns 35,321 shares of the company’s stock worth $108,000 after acquiring an additional 13,971 shares during the last quarter. Kestra Private Wealth Services LLC lifted its holdings in shares of Farmer Bros. by 169.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 31,815 shares of the company’s stock worth $97,000 after acquiring an additional 19,990 shares during the last quarter. Hodges Capital Management Inc. bought a new position in shares of Farmer Bros. in the third quarter worth about $148,000. Finally, Global Wealth Management Investment Advisory Inc. bought a new position in shares of Farmer Bros. in the third quarter worth about $31,000. 63.25% of the stock is currently owned by institutional investors and hedge funds.

About Farmer Bros.

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Farmer Bros. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Farmer Bros. and related companies with MarketBeat.com's FREE daily email newsletter.