Coffee (NASDAQ:JVA – Get Free Report) was upgraded by stock analysts at Wall Street Zen to a “buy” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.
JVA has been the subject of several other research reports. Weiss Ratings raised shares of Coffee from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. DA Davidson set a $10.00 price objective on Coffee in a report on Wednesday, August 12th. Two analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Coffee currently has an average rating of “Hold” and an average price target of $9.50.
Get Our Latest Stock Report on JVA
Coffee Stock Performance
Shares of JVA stock opened at $4.48 on Friday. Coffee has a 52-week low of $2.93 and a 52-week high of $5.03. The stock has a market cap of $25.58 million, a price-to-earnings ratio of 5.33 and a beta of 1.41. The firm has a fifty day moving average of $3.98 and a 200-day moving average of $3.95.
Coffee (NASDAQ:JVA – Get Free Report) last released its quarterly earnings data on Friday, September 11th. The company reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.34. The company had revenue of $21.69 million during the quarter, compared to the consensus estimate of $23.00 million. Coffee had a net margin of 4.85% and a return on equity of 16.20%.
Coffee declared that its Board of Directors has approved a stock repurchase program on Wednesday, October 7th that allows the company to buy back $2.50 million in shares. This repurchase authorization allows the company to purchase up to 11% of its stock through open market purchases. Share repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.
Institutional Investors Weigh In On Coffee
An institutional investor recently bought a new stake in Coffee stock. Empowered Funds LLC bought a new position in Coffee Holding Co., Inc. (NASDAQ:JVA – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 42,219 shares of the company’s stock, valued at approximately $141,000. Empowered Funds LLC owned about 0.74% of Coffee at the end of the most recent quarter.
Coffee Company Profile
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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