Coffee (NASDAQ:JVA) Announces Earnings Results

Coffee (NASDAQ:JVA) issued 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 return on equity of 5.41% and a net margin of 1.53%.The firm had revenue of $21.69 million during the quarter, compared to the consensus estimate of $23.00 million.

Coffee Stock Performance

NASDAQ JVA opened at $3.43 on Friday. The company has a market cap of $19.59 million, a P/E ratio of 12.25 and a beta of 1.44. The company has a fifty day simple moving average of $3.47 and a 200 day simple moving average of $3.83. Coffee has a 12-month low of $2.93 and a 12-month high of $5.63.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. XTX Topco Ltd acquired a new position in shares of Coffee during the fourth quarter valued at about $42,000. Virtu Financial LLC bought a new stake in shares of Coffee during the third quarter worth about $53,000. Jump Financial LLC acquired a new stake in shares of Coffee in the 2nd quarter worth about $58,000. Acadian Asset Management LLC bought a new position in Coffee in the 1st quarter valued at about $73,000. Finally, Bridgeway Capital Management LLC lifted its position in Coffee by 14.5% in the 2nd quarter. Bridgeway Capital Management LLC now owns 26,758 shares of the company’s stock valued at $116,000 after acquiring an additional 3,389 shares in the last quarter.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. DA Davidson set a $10.00 price objective on Coffee in a research note on Wednesday, August 12th. Weiss Ratings downgraded Coffee from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, July 21st. Finally, Piper Sandler started coverage on Coffee in a research note on Monday, June 8th. They issued a “neutral” rating and a $9.00 price target on the stock. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Coffee currently has a consensus rating of “Hold” and a consensus price target of $9.50.

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.