Farmer Bros. (NASDAQ:FARM) Stock Crosses Above 200-Day Moving Average of $5.13

Shares of Farmer Bros. Co. (NASDAQ:FARMGet Rating) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.13 and traded as high as $5.41. Farmer Bros. shares last traded at $5.33, with a volume of 25,389 shares trading hands.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Farmer Bros. in a report on Wednesday, October 12th. They issued a “hold” rating on the stock.

Farmer Bros. Trading Up 1.1 %

The company has a fifty day simple moving average of $5.22 and a two-hundred day simple moving average of $5.13. The company has a current ratio of 2.01, a quick ratio of 0.79 and a debt-to-equity ratio of 1.13. The company has a market cap of $104.20 million, a PE ratio of -4.68 and a beta of 1.47.

Farmer Bros. (NASDAQ:FARMGet Rating) last issued its quarterly earnings results on Thursday, September 1st. The company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.12. Farmer Bros. had a negative return on equity of 20.20% and a negative net margin of 4.27%. The company had revenue of $122.99 million for the quarter, compared to the consensus estimate of $110.90 million. During the same quarter in the prior year, the business earned ($0.53) EPS. Analysts anticipate that Farmer Bros. Co. will post -1.73 EPS for the current year.

Insiders Place Their Bets

In related news, insider Bradley Louis Radoff purchased 50,000 shares of the business’s stock in a transaction on Wednesday, October 5th. The shares were bought at an average price of $5.05 per share, for a total transaction of $252,500.00. Following the acquisition, the insider now directly owns 125,000 shares in the company, valued at $631,250. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Farmer Bros. news, insider Bradley Louis Radoff acquired 50,000 shares of the company’s stock in a transaction dated Wednesday, October 5th. The shares were acquired at an average price of $5.05 per share, for a total transaction of $252,500.00. Following the acquisition, the insider now owns 125,000 shares in the company, valued at approximately $631,250. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Maurice S.J. Moragne sold 13,250 shares of the stock in a transaction dated Friday, November 11th. The shares were sold at an average price of $5.67, for a total value of $75,127.50. Following the completion of the transaction, the insider now owns 63,621 shares in the company, valued at approximately $360,731.07. The disclosure for this sale can be found here. 2.90% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in FARM. S. Muoio & CO. LLC grew its stake in Farmer Bros. by 47.3% during the 1st quarter. S. Muoio & CO. LLC now owns 31,988 shares of the company’s stock worth $228,000 after buying an additional 10,279 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its stake in Farmer Bros. by 19.9% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 13,067 shares of the company’s stock worth $61,000 after buying an additional 2,170 shares during the last quarter. Azarias Capital Management L.P. grew its stake in Farmer Bros. by 687.3% during the 1st quarter. Azarias Capital Management L.P. now owns 695,877 shares of the company’s stock worth $4,955,000 after buying an additional 607,488 shares during the last quarter. Hodges Capital Management Inc. grew its stake in Farmer Bros. by 120.2% during the 2nd quarter. Hodges Capital Management Inc. now owns 153,035 shares of the company’s stock worth $717,000 after buying an additional 83,535 shares during the last quarter. Finally, Ridgewood Investments LLC grew its stake in Farmer Bros. by 3.8% during the 2nd quarter. Ridgewood Investments LLC now owns 121,563 shares of the company’s stock worth $570,000 after buying an additional 4,419 shares during the last quarter. Hedge funds and other institutional investors own 70.06% of the company’s stock.

About Farmer Bros.

(Get Rating)

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.

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