Shares of Coffee Holding Co., Inc. (NASDAQ:JVA) have been given 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 analyst has rated the stock with a strong buy recommendation.
Analysts have set a 12 month consensus target price of $10.00 for the company, according to Zacks. Zacks has also assigned Coffee an industry rank of 214 out of 256 based on the ratings given to related companies.
A number of research firms recently issued reports on JVA. ValuEngine downgraded Coffee from a “buy” rating to a “hold” rating in a report on Friday. TheStreet downgraded Coffee from a “b-” rating to a “c+” rating in a report on Wednesday, May 15th. Finally, Maxim Group reiterated a “buy” rating and set a $11.00 price objective (up from $9.00) on shares of Coffee in a report on Friday, March 8th.
Several large investors have recently bought and sold shares of JVA. Ancora Advisors LLC lifted its holdings in shares of Coffee by 3.3% during the fourth quarter. Ancora Advisors LLC now owns 296,695 shares of the company’s stock worth $1,047,000 after buying an additional 9,545 shares during the last quarter. Bailard Inc. acquired a new position in shares of Coffee during the first quarter worth approximately $95,000. Algert Global LLC lifted its holdings in shares of Coffee by 89.6% during the first quarter. Algert Global LLC now owns 28,017 shares of the company’s stock worth $152,000 after buying an additional 13,237 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Coffee by 486.6% during the first quarter. Acadian Asset Management LLC now owns 64,933 shares of the company’s stock worth $351,000 after buying an additional 53,864 shares during the last quarter. Finally, Alambic Investment Management L.P. acquired a new position in shares of Coffee during the first quarter worth approximately $659,000. Institutional investors and hedge funds own 31.18% of the company’s stock.
NASDAQ:JVA opened at $4.25 on Thursday. The stock has a market cap of $23.67 million, a P/E ratio of 25.00 and a beta of 1.80. Coffee has a 52-week low of $3.53 and a 52-week high of $7.79.
Coffee (NASDAQ:JVA) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.06). The firm had revenue of $23.63 million for the quarter. Coffee had a return on equity of 3.60% and a net margin of 1.02%.
Coffee Company Profile
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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