Coffee (NASDAQ:JVA) Posts Earnings Results

Coffee (NASDAQ:JVA) announced its earnings results on Wednesday. The company reported $0.15 earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of $27.75 million during the quarter. Coffee had a return on equity of 5.12% and a net margin of 1.45%.

Coffee Stock Up 1.4%

Coffee stock traded up $0.05 during trading hours on Friday, hitting $3.25. The stock had a trading volume of 9,236 shares, compared to its average volume of 42,681. Coffee has a fifty-two week low of $2.75 and a fifty-two week high of $9.93. The company has a market cap of $18.53 million, a PE ratio of 13.12 and a beta of 1.58. The company has a 50-day moving average of $3.72 and a two-hundred day moving average of $4.10.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of JVA. Allworth Financial LP bought a new position in shares of Coffee during the 2nd quarter worth about $285,000. Jane Street Group LLC bought a new stake in Coffee in the second quarter valued at about $118,000. Citadel Advisors LLC bought a new position in Coffee during the third quarter worth about $322,000. Dimensional Fund Advisors LP grew its position in shares of Coffee by 10.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 87,819 shares of the company’s stock worth $401,000 after buying an additional 8,448 shares during the period. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. increased its stake in shares of Coffee by 65.0% in the 3rd quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 16,500 shares of the company’s stock valued at $75,000 after acquiring an additional 6,500 shares during the last quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings cut Coffee from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, January 21st. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Coffee has an average rating of “Sell”.

Coffee Company Profile

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.