Coffee (NASDAQ:JVA) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Coffee (NASDAQ:JVA) to a hold rating in a report published on Saturday morning.

Separately, Weiss Ratings upgraded Coffee from a “sell (d+)” rating to a “hold (c)” rating in a research report on Wednesday, February 4th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has an average rating of “Hold”.

Coffee Stock Up 3.2%

Shares of JVA stock opened at $4.80 on Friday. Coffee has a fifty-two week low of $2.93 and a fifty-two week high of $5.63. The stock has a market cap of $27.41 million, a P/E ratio of 14.12 and a beta of 1.41. The business has a fifty day simple moving average of $4.01 and a 200-day simple moving average of $3.82.

Coffee (NASDAQ:JVA) last announced its quarterly earnings results on Monday, March 16th. The company reported $0.29 earnings per share for the quarter. Coffee had a return on equity of 6.82% and a net margin of 1.88%.The business had revenue of $25.57 million during the quarter.

Institutional Trading of Coffee

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JVA. Citadel Advisors LLC acquired a new stake in shares of Coffee during the third quarter worth $322,000. DRW Securities LLC acquired a new position in Coffee in the fourth quarter valued at $261,000. Jane Street Group LLC acquired a new position in Coffee in the second quarter valued at $118,000. Acadian Asset Management LLC acquired a new position in Coffee in the first quarter valued at $73,000. Finally, XTX Topco Ltd acquired a new position in Coffee in the second quarter valued at $77,000.

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.