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

Farmer Bros. Co. (NASDAQ:FARM) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $2.10 and traded as high as $2.45. Farmer Bros. shares last traded at $2.34, with a volume of 314,869 shares traded.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Farmer Bros. in a report on Thursday. They issued a “hold” rating on the stock.

Farmer Bros. Stock Down 0.4 %

The stock has a fifty day moving average of $2.11 and a 200-day moving average of $2.10. The firm has a market capitalization of $49.97 million, a price-to-earnings ratio of -4.88 and a beta of 1.76. The company has a current ratio of 1.28, a quick ratio of 0.60 and a debt-to-equity ratio of 0.56.

Farmer Bros. (NASDAQ:FARM) last released its quarterly earnings results on Thursday, February 6th. The company reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.18. Farmer Bros. had a negative return on equity of 27.45% and a negative net margin of 2.92%. As a group, sell-side analysts expect that Farmer Bros. Co. will post -0.37 EPS for the current year.

Institutional Investors Weigh In On Farmer Bros.

A number of large investors have recently made changes to their positions in FARM. Squarepoint Ops LLC grew its position in Farmer Bros. by 67.1% during the 4th quarter. Squarepoint Ops LLC now owns 69,270 shares of the company’s stock worth $125,000 after purchasing an additional 27,805 shares in the last quarter. Millennium Management LLC acquired a new stake in shares of Farmer Bros. in the fourth quarter worth $69,000. Jane Street Group LLC acquired a new stake in shares of Farmer Bros. in the fourth quarter worth $29,000. Penn Capital Management Company LLC grew its holdings in shares of Farmer Bros. by 28.6% during the fourth quarter. Penn Capital Management Company LLC now owns 1,327,831 shares of the company’s stock valued at $2,390,000 after buying an additional 295,280 shares in the last quarter. Finally, XTX Topco Ltd acquired a new position in Farmer Bros. during the fourth quarter valued at $36,000. Institutional investors and hedge funds own 64.48% of the company’s stock.

About Farmer Bros.

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.