Farmer Brothers (NASDAQ:FARM) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Farmer Brothers Company (NASDAQ:FARM) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $1.68 and traded as high as $1.81. Farmer Brothers shares last traded at $1.74, with a volume of 80,525 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on FARM shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of Farmer Brothers in a report on Monday, December 29th. Roth Mkm cut their price objective on shares of Farmer Brothers from $3.50 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Finally, Zacks Research upgraded shares of Farmer Brothers from a “strong sell” rating to a “hold” rating in a research note on Friday, January 30th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $2.75.

Farmer Brothers Price Performance

The company has a debt-to-equity ratio of 0.46, a current ratio of 1.24 and a quick ratio of 0.46. The stock’s 50 day moving average price is $1.55 and its two-hundred day moving average price is $1.68. The firm has a market capitalization of $37.58 million, a price-to-earnings ratio of -2.76 and a beta of 1.27.

Institutional Trading of Farmer Brothers

Hedge funds have recently added to or reduced their stakes in the business. Panagora Asset Management Inc. bought a new position in Farmer Brothers in the 2nd quarter worth approximately $26,000. Jane Street Group LLC grew its stake in shares of Farmer Brothers by 152.2% in the first quarter. Jane Street Group LLC now owns 41,129 shares of the company’s stock worth $91,000 after acquiring an additional 24,820 shares during the last quarter. XTX Topco Ltd grew its stake in shares of Farmer Brothers by 210.2% in the second quarter. XTX Topco Ltd now owns 42,297 shares of the company’s stock worth $58,000 after acquiring an additional 28,661 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Farmer Brothers by 253.7% during the first quarter. Goldman Sachs Group Inc. now owns 68,833 shares of the company’s stock worth $153,000 after acquiring an additional 49,374 shares during the period. Finally, Sanders Morris Harris LLC raised its stake in 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. Institutional investors own 64.48% of the company’s stock.

Farmer Brothers Company Profile

Farmer Brothers Company (NASDAQ: FARM) is a specialty coffee roaster and distributor that serves the foodservice, hospitality and office coffee markets across the United States. The company produces and delivers coffee, tea, single-serve products and beverage equipment, supporting its customers with supply chain solutions, equipment maintenance and barista training services. Its operations are organized to serve commercial accounts ranging from national restaurant chains and convenience stores to independent coffee shops and corporate offices.

Founded in 1912 in Texas, Farmer Brothers has grown from a regional roaster into a national supplier with a network of manufacturing and distribution facilities.