Farmer Bros. (NASDAQ:FARM) Shares Pass Above 200-Day Moving Average of $3.16

Farmer Bros. Co. (NASDAQ:FARM) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $3.16 and traded as high as $3.25. Farmer Bros. shares last traded at $3.13, with a volume of 21,571 shares trading hands.

Farmer Bros. Stock Performance

The company has a debt-to-equity ratio of 0.54, a current ratio of 1.42 and a quick ratio of 0.67. The stock has a 50 day simple moving average of $3.46 and a two-hundred day simple moving average of $3.16. The company has a market cap of $66.58 million, a PE ratio of -1.12 and a beta of 1.75.

Farmer Bros. (NASDAQ:FARM) last issued its quarterly earnings data on Thursday, February 8th. The company reported ($0.10) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.21) by $0.11. Farmer Bros. had a negative return on equity of 65.75% and a negative net margin of 14.91%. The company had revenue of $89.45 million during the quarter, compared to analysts’ expectations of $88.50 million. Equities analysts predict that Farmer Bros. Co. will post -0.74 EPS for the current year.

Institutional Investors Weigh In On Farmer Bros.

Several large investors have recently modified their holdings of the stock. Penn Capital Management Company LLC raised its stake in shares of Farmer Bros. by 1.2% during the fourth quarter. Penn Capital Management Company LLC now owns 869,757 shares of the company’s stock worth $2,661,000 after purchasing an additional 10,110 shares during the last quarter. Sanders Morris Harris LLC purchased a new stake in shares of Farmer Bros. during the first quarter worth approximately $250,000. Hodges Capital Management Inc. purchased a new stake in shares of Farmer Bros. during the third quarter worth approximately $148,000. Kestra Private Wealth Services LLC raised its stake in shares of Farmer Bros. by 169.0% during the fourth quarter. Kestra Private Wealth Services LLC now owns 31,815 shares of the company’s stock worth $97,000 after purchasing an additional 19,990 shares during the last quarter. Finally, AE Wealth Management LLC purchased a new stake in shares of Farmer Bros. during the third quarter worth approximately $31,000. Hedge funds and other institutional investors 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.