Farmer Bros. (NASDAQ:FARM) Shares Cross Above 200-Day Moving Average of $5.13

Shares of Farmer Bros. Co. (NASDAQ:FARMGet Rating) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $5.13 and traded as high as $5.41. Farmer Bros. shares last traded at $5.33, with a volume of 25,389 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com initiated coverage on Farmer Bros. in a research report on Wednesday, October 12th. They set a “hold” rating for the company.

Farmer Bros. Price Performance

The company has a 50-day moving average price of $5.22 and a two-hundred day moving average price of $5.13. The company has a debt-to-equity ratio of 1.13, a current ratio of 2.01 and a quick ratio of 0.79. The company has a market cap of $104.20 million, a PE ratio of -4.68 and a beta of 1.47.

Farmer Bros. (NASDAQ:FARMGet Rating) last issued its earnings results on Thursday, September 1st. The company reported ($0.21) earnings per share for the quarter, topping the consensus estimate of ($0.33) by $0.12. Farmer Bros. had a negative return on equity of 20.20% and a negative net margin of 4.27%. The company had revenue of $122.99 million during the quarter, compared to the consensus estimate of $110.90 million. During the same quarter in the prior year, the business earned ($0.53) earnings per share. Sell-side analysts expect that Farmer Bros. Co. will post -1.73 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Maurice S.J. Moragne sold 13,250 shares of the business’s stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $5.67, for a total value of $75,127.50. Following the transaction, the insider now owns 63,621 shares in the company, valued at $360,731.07. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Farmer Bros. news, insider Maurice S.J. Moragne sold 13,250 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $5.67, for a total transaction of $75,127.50. Following the sale, the insider now owns 63,621 shares in the company, valued at $360,731.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bradley Louis Radoff acquired 50,000 shares of the business’s stock in a transaction on Wednesday, October 5th. The shares were purchased at an average price of $5.05 per share, for a total transaction of $252,500.00. Following the purchase, the insider now directly owns 125,000 shares of the company’s stock, valued at $631,250. The disclosure for this purchase can be found here. Insiders own 2.90% of the company’s stock.

Institutional Trading of Farmer Bros.

A number of institutional investors and hedge funds have recently made changes to their positions in FARM. Azarias Capital Management L.P. raised its position in shares of Farmer Bros. by 687.3% during the 1st quarter. Azarias Capital Management L.P. now owns 695,877 shares of the company’s stock worth $4,955,000 after purchasing an additional 607,488 shares during the period. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Farmer Bros. during the 1st quarter worth approximately $2,952,000. Penn Capital Management Company LLC raised its position in shares of Farmer Bros. by 70.5% during the 1st quarter. Penn Capital Management Company LLC now owns 459,110 shares of the company’s stock worth $2,727,000 after purchasing an additional 189,867 shares during the period. Gamco Investors INC. ET AL raised its position in shares of Farmer Bros. by 15.7% during the 1st quarter. Gamco Investors INC. ET AL now owns 766,290 shares of the company’s stock worth $5,456,000 after purchasing an additional 104,000 shares during the period. Finally, Hodges Capital Management Inc. raised its position in shares of Farmer Bros. by 120.2% during the 2nd quarter. Hodges Capital Management Inc. now owns 153,035 shares of the company’s stock worth $717,000 after purchasing an additional 83,535 shares during the period. 70.06% of the stock is currently owned by institutional investors and hedge funds.

About Farmer Bros.

(Get Rating)

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.

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