Farmer Brothers (NASDAQ:FARM) Stock Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Farmer Brothers Company (NASDAQ:FARM) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $1.72 and traded as high as $1.90. Farmer Brothers shares last traded at $1.78, with a volume of 82,424 shares changing hands.

Analysts Set New Price Targets

FARM has been the topic of a number of analyst reports. Craig Hallum cut Farmer Brothers from a “buy” rating to a “hold” rating and set a $2.50 target price on the stock. in a report on Friday, September 12th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Farmer Brothers in a research note on Saturday, September 27th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Reduce” and a consensus target price of $2.50.

Farmer Brothers Trading Down 1.1%

The business has a 50 day simple moving average of $1.83 and a 200-day simple moving average of $1.72. 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 stock has a market capitalization of $38.43 million, a price-to-earnings ratio of -2.62 and a beta of 1.41.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Gabelli Funds LLC boosted its holdings in Farmer Brothers by 2.3% in the second quarter. Gabelli Funds LLC now owns 272,500 shares of the company’s stock valued at $373,000 after acquiring an additional 6,000 shares during the last quarter. Jane Street Group LLC acquired a new position in shares of Farmer Brothers in the 4th quarter valued at about $29,000. Virtu Financial LLC lifted its stake in shares of Farmer Brothers by 143.2% in the 1st quarter. Virtu Financial LLC now owns 31,756 shares of the company’s stock valued at $70,000 after purchasing an additional 18,699 shares in the last quarter. Panagora Asset Management Inc. acquired a new position in shares of Farmer Brothers in the 2nd quarter valued at about $26,000. Finally, Game Plan Financial Advisors LLC acquired a new position in Farmer Brothers during the second quarter valued at approximately $34,000. Institutional investors and hedge funds 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.