Coffee (NASDAQ:JVA) Issues Quarterly Earnings Results

Coffee (NASDAQ:JVA) released its earnings results on Friday. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $23.00 million.

Coffee Price Performance

Shares of Coffee stock opened at $3.43 on Friday. The stock has a market cap of $19.59 million, a price-to-earnings ratio of 12.25 and a beta of 1.44. Coffee has a twelve month low of $2.93 and a twelve month high of $5.63. The company’s fifty day moving average is $3.47 and its 200 day moving average is $3.83.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Coffee

Several institutional investors and hedge funds have recently made changes to their positions in JVA. XTX Topco Ltd acquired a new position in shares of Coffee in the fourth quarter worth approximately $42,000. Virtu Financial LLC bought a new position in Coffee during the 3rd quarter worth approximately $53,000. Jump Financial LLC bought a new position in Coffee during the 2nd quarter worth approximately $58,000. Acadian Asset Management LLC acquired a new position in shares of Coffee in the 1st quarter worth approximately $73,000. Finally, Bridgeway Capital Management LLC lifted its position in shares of Coffee by 14.5% in 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 during the period.

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.