Coffee (NASDAQ:JVA) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Coffee (NASDAQ:JVA) from a buy rating to a strong-buy rating in a research report released on Saturday,Wall Street Zen reports.

JVA has been the subject of a number of other reports. Weiss Ratings raised Coffee from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. DA Davidson set a $10.00 price objective on Coffee in a report on Wednesday, August 12th. Two equities research analysts have rated the stock with a Hold rating. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $9.50.

Coffee Stock Performance

Shares of JVA stock opened at $5.15 on Friday. Coffee has a 52-week low of $2.93 and a 52-week high of $5.23. The stock has a market cap of $29.41 million, a PE ratio of 6.13 and a beta of 1.42. The firm’s 50 day moving average price is $4.29 and its two-hundred day moving average price is $3.90.

Coffee (NASDAQ:JVA) last issued its earnings results on Friday, September 11th. The company reported $0.35 EPS for the quarter, beating the consensus estimate of $0.01 by $0.34. The company had revenue of $21.69 million during the quarter, compared to analysts’ expectations 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 has authorized a stock repurchase program on Wednesday, October 7th that permits the company to buy back $2.50 million in outstanding shares. This buyback authorization permits the company to purchase up to 11% of its stock through open market purchases. Share buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Institutional Inflows and Outflows

An institutional investor recently raised its stake in Coffee stock. Empowered Funds LLC grew its position in Coffee Holding Co., Inc. (NASDAQ:JVA) by 10.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,420 shares of the company’s stock after purchasing an additional 3,538 shares during the period. Empowered Funds LLC owned about 0.67% of Coffee worth $163,000 at the end of the most recent reporting period.

Coffee Company Profile

Coffee Holding Co, Inc (NASDAQ:JVA) is a coffee company engaged in the sourcing, roasting, blending, packaging and distribution of coffee products. The company serves retail, foodservice, wholesale and private-label customers, offering products in a variety of formats, including whole bean, ground and single-serve coffee.

Its portfolio includes branded and private-label coffees marketed through grocery stores, club stores, specialty retailers, restaurants, hospitality businesses and other commercial channels.