Shares of Farmer Bros. Co. (NASDAQ:FARM – Get Free Report) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $3.03 and traded as high as $3.52. Farmer Bros. shares last traded at $3.50, with a volume of 30,097 shares.
Farmer Bros. Price Performance
The firm has a market cap of $73.75 million, a PE ratio of -1.24 and a beta of 1.75. The company has a quick ratio of 0.67, a current ratio of 1.42 and a debt-to-equity ratio of 0.54. The stock has a 50 day moving average price of $3.52 and a two-hundred day moving average price of $3.03.
Farmer Bros. (NASDAQ:FARM – Get Free Report) last issued its quarterly earnings results on Thursday, February 8th. The company reported ($0.10) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.21) by $0.11. The business had revenue of $89.45 million for the quarter, compared to analyst estimates of $88.50 million. Farmer Bros. had a negative return on equity of 65.75% and a negative net margin of 14.91%. As a group, equities analysts expect that Farmer Bros. Co. will post -0.26 earnings per share for the current year.
Institutional Investors Weigh In On Farmer Bros.
Large investors have recently bought and sold shares of the company. Acadian Asset Management LLC purchased a new stake in Farmer Bros. in the 1st quarter worth approximately $27,000. MML Investors Services LLC acquired a new position in Farmer Bros. in the 1st quarter valued at $40,000. Goldman Sachs Group Inc. acquired a new position in Farmer Bros. in the 1st quarter valued at $83,000. Kestra Private Wealth Services LLC acquired a new position in Farmer Bros. in the 3rd quarter valued at $31,000. Finally, Global Wealth Management Investment Advisory Inc. acquired a new position in Farmer Bros. in the 3rd quarter valued at $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.