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Equities research analysts at Roth Capital lifted their price target on shares of Farmer Bros. (NASDAQ:FARM) to $24.00 in a research note issued to investors on Wednesday.

Shares of Farmer Bros. (NASDAQ:FARM) traded up 2.15% during mid-day trading on Wednesday, hitting $24.515. 12,270 shares of the company’s stock traded hands. Farmer Bros. has a one year low of $13.07 and a one year high of $24.33. The stock’s 50-day moving average is $21.8 and its 200-day moving average is $20.83. The company has a market cap of $391.1 million and a price-to-earnings ratio of 63.49.

Farmer Bros. Co (NASDAQ:FARM) is a manufacturer, wholesaler and distributor of coffee, tea and culinary products.

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