Coffee (NASDAQ:JVA – Get Free Report) posted its quarterly earnings results on Friday. The company reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.34, FiscalAI reports. Coffee had a net margin of 1.53% and a return on equity of 5.41%. The business had revenue of $21.69 million during the quarter, compared to the consensus estimate of $23.00 million.
Coffee Stock Up 12.5%
JVA opened at $3.86 on Friday. The stock has a market cap of $22.04 million, a P/E ratio of 13.79 and a beta of 1.44. Coffee has a 12 month low of $2.93 and a 12 month high of $5.63. The company has a fifty day simple moving average of $3.48 and a 200 day simple moving average of $3.83.
Analyst Ratings Changes
A number of analysts have commented on JVA shares. Weiss Ratings lowered shares of Coffee from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. DA Davidson set a $10.00 price objective on Coffee in a research note on Wednesday, August 12th. Finally, Piper Sandler initiated coverage on Coffee in a research note on Monday, June 8th. They issued a “neutral” rating and a $9.00 target price on the stock. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Coffee currently has a consensus rating of “Hold” and an average price target of $9.50.
Institutional Investors Weigh In On Coffee
Large investors have recently modified their holdings of the business. XTX Topco Ltd bought a new position in shares of Coffee during the 4th quarter valued at about $42,000. Virtu Financial LLC acquired a new stake in shares of Coffee during the third quarter worth $53,000. Jump Financial LLC bought a new stake in Coffee in the 2nd quarter valued at $58,000. Acadian Asset Management LLC acquired a new position in Coffee in the 1st quarter worth $73,000. Finally, Bridgeway Capital Management LLC increased its holdings in Coffee by 14.5% during the 2nd quarter. Bridgeway Capital Management LLC now owns 26,758 shares of the company’s stock worth $116,000 after purchasing an additional 3,389 shares in the last quarter.
About Coffee
Coffee Holding Company, Inc (NASDAQ: JVA) is a specialty coffee roaster and distributor headquartered in Lakewood, New Jersey. The company’s core activities encompass the importation of green coffee beans, artisanal roasting and blending, and the packaging of coffee and tea products for wholesale customers. Through its operations, Coffee Holding Company serves a diverse client base that includes coffeehouses, restaurants, hotels, health care facilities, vending operators and retail chains.
The company’s product offering spans whole‐bean and ground coffees, single‐serve pods, cold brew formats and bulk tea selections, with both branded and private‐label solutions.
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