Coffee Holding Co., Inc. (NASDAQ:JVA) has received a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a strong buy rating.
Brokerages have set a one year consensus price target of $8.00 for the company, according to Zacks. Zacks has also given Coffee an industry rank of 230 out of 256 based on the ratings given to its competitors.
A number of equities analysts recently commented on the company. ValuEngine upgraded YY from a “sell” rating to a “hold” rating in a report on Friday, June 7th. TheStreet downgraded YRC Worldwide from a “c” rating to a “d+” rating in a report on Wednesday, May 15th.
Hedge funds have recently modified their holdings of the stock. Alambic Investment Management L.P. purchased a new stake in Coffee in the first quarter worth $659,000. Ancora Advisors LLC grew its stake in Coffee by 3.3% in the fourth quarter. Ancora Advisors LLC now owns 296,695 shares of the company’s stock worth $1,047,000 after purchasing an additional 9,545 shares during the period. Bailard Inc. purchased a new stake in Coffee in the first quarter worth $95,000. Algert Global LLC grew its stake in shares of Coffee by 89.6% in the first quarter. Algert Global LLC now owns 28,017 shares of the company’s stock worth $152,000 after acquiring an additional 13,237 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of Coffee by 486.6% in the first quarter. Acadian Asset Management LLC now owns 64,933 shares of the company’s stock worth $351,000 after acquiring an additional 53,864 shares during the last quarter. 31.18% of the stock is currently owned by institutional investors.
NASDAQ:JVA remained flat at $$4.21 during midday trading on Friday. 15,586 shares of the company were exchanged, compared to its average volume of 39,905. The company’s 50 day moving average is $4.25. Coffee has a 52 week low of $3.53 and a 52 week high of $7.79. The company has a market capitalization of $23.45 million, a price-to-earnings ratio of 105.25 and a beta of 1.66.
Coffee (NASDAQ:JVA) last announced its earnings results on Wednesday, June 19th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.10). The business had revenue of $20.72 million for the quarter. Coffee had a net margin of 0.21% and a return on equity of 0.74%.
Coffee Holding Co, Inc manufactures, roasts, packages, markets, and distributes roasted and blended coffees in the United States, Australia, Canada, England, and China. The company offers wholesale green coffee products, which include unroasted raw beans of approximately 90 varieties that are sold to large, medium, and small roasters, as well as to coffee shop operators.
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