Farmer Brothers (NASDAQ:FARM) Stock Crosses Above 200-Day Moving Average – What’s Next?

Shares of Farmer Brothers Company (NASDAQ:FARM) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.70 and traded as high as $1.82. Farmer Brothers shares last traded at $1.74, with a volume of 57,437 shares changing hands.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on FARM. Weiss Ratings reiterated a “sell (d-)” rating on shares of Farmer Brothers in a research note on Tuesday. Craig Hallum lowered Farmer Brothers from a “buy” rating to a “hold” rating and set a $2.50 price target for the company. in a research report on Friday, September 12th. One investment analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus target price of $2.50.

Farmer Brothers Stock Performance

The business’s fifty day moving average is $1.84 and its two-hundred day moving average is $1.70. The company has a current ratio of 1.20, a quick ratio of 0.50 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $37.57 million, a PE ratio of -2.56 and a beta of 1.41.

Farmer Brothers (NASDAQ:FARM) last issued its earnings results on Thursday, September 11th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.17. The business had revenue of $85.14 million during the quarter, compared to analyst estimates of $81.66 million. Farmer Brothers had a negative return on equity of 16.12% and a negative net margin of 4.24%. Equities research analysts predict that Farmer Brothers Company will post -0.37 earnings per share for the current year.

Institutional Trading of Farmer Brothers

A number of hedge funds have recently bought and sold shares of the company. Builder Investment Group Inc. ADV purchased a new stake in Farmer Brothers during the second quarter valued at $685,000. Gabelli Funds LLC increased its position in shares of Farmer Brothers by 2.3% during the 2nd quarter. Gabelli Funds LLC now owns 272,500 shares of the company’s stock valued at $373,000 after purchasing an additional 6,000 shares during the last quarter. Sanders Morris Harris LLC increased its position in shares of Farmer Brothers by 43.5% during the 3rd quarter. Sanders Morris Harris LLC now owns 218,238 shares of the company’s stock valued at $373,000 after purchasing an additional 66,200 shares during the last quarter. North Star Investment Management Corp. increased its holdings in Farmer Brothers by 44.9% during the second quarter. North Star Investment Management Corp. now owns 197,000 shares of the company’s stock valued at $270,000 after buying an additional 61,000 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in Farmer Brothers by 253.7% during the first quarter. Goldman Sachs Group Inc. now owns 68,833 shares of the company’s stock valued at $153,000 after buying an additional 49,374 shares during the last quarter. Hedge funds and other institutional investors own 64.48% of the company’s stock.

Farmer Brothers 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.