Coffee Holding Co., Inc. (NASDAQ:JVA) Stock Short Interest Report for September

Coffee Holding Co., Inc. (NASDAQ:JVA – Get Free Report) saw a large decline in short interest in September. As of September 30th, there was short interest totaling 8,068 shares, a decline of 70.2% from the September 15th total of 27,101 shares. Based on an average trading volume of 49,918 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are sold short.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on JVA shares. DA Davidson set a $10.00 price objective on shares of Coffee in a report on Wednesday, August 12th. Weiss Ratings upgraded shares of Coffee from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $9.50.

View Our Latest Research Report on JVA

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Coffee stock. Empowered Funds LLC purchased a new position in shares of Coffee Holding Co., Inc. (NASDAQ:JVA – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 42,219 shares of the company’s stock, valued at approximately $141,000. Empowered Funds LLC owned approximately 0.74% of Coffee at the end of the most recent reporting period.

Coffee Trading Down 1.5%

JVA stock traded down $0.07 during trading on Tuesday, hitting $4.56. 102,696 shares of the company’s stock were exchanged, compared to its average volume of 79,264. The business has a 50-day moving average price of $3.77 and a two-hundred day moving average price of $3.93. The stock has a market capitalization of $26.03 million, a price-to-earnings ratio of 5.43 and a beta of 1.41. Coffee has a 52-week low of $2.93 and a 52-week high of $5.03.

Coffee (NASDAQ:JVA – Get Free Report) last announced its quarterly earnings results on Friday, September 11th. The company reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.34. Coffee had a return on equity of 16.20% and a net margin of 4.85%. The firm had revenue of $21.69 million during the quarter, compared to the consensus estimate of $23.00 million.

Coffee announced that its Board of Directors has authorized a stock repurchase program on Wednesday, October 7th that authorizes the company to repurchase $2.50 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 11% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

About Coffee

(Get Free Report)

Coffee Holding Co, Inc (NASDAQ:JVA) is a specialty coffee processor, roaster, packager and distributor headquartered in Staten Island, New York. The company supplies coffee products to retail, foodservice and private-label customers, offering roasted whole-bean and ground coffee as well as other coffee formats.

The company markets products under its own brands and also produces coffee for third-party customers. Its activities include sourcing green coffee beans, roasting and blending coffee, packaging finished products, and distributing them through grocery, foodservice and wholesale channels.

Coffee Holding was founded in 1975 and has expanded its business through branded products, private-label production and acquisitions.

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