Coffee (NASDAQ:JVA) Lowered to “Hold” Rating by Wall Street Zen

Wall Street Zen cut shares of Coffee (NASDAQ:JVA) from a buy rating to a hold rating in a research report report published on Saturday.

Coffee Stock Up 9.6%

Shares of JVA stock opened at $3.98 on Friday. The firm has a market capitalization of $22.72 million, a price-to-earnings ratio of 10.21 and a beta of 1.33. The stock has a fifty day moving average of $3.54 and a 200 day moving average of $4.19. Coffee has a 52 week low of $1.31 and a 52 week high of $9.93.

Coffee (NASDAQ:JVA) last posted its earnings results on Friday, June 13th. The company reported $0.11 EPS for the quarter. Coffee had a net margin of 2.82% and a return on equity of 8.97%. The firm had revenue of $23.32 million during the quarter.

Hedge Funds Weigh In On Coffee

A number of institutional investors have recently added to or reduced their stakes in JVA. Empowered Funds LLC purchased a new stake in shares of Coffee in the 4th quarter worth approximately $69,000. Bridgeway Capital Management LLC purchased a new stake in shares of Coffee in the fourth quarter worth $73,000. Acadian Asset Management LLC bought a new position in shares of Coffee during the first quarter valued at $73,000. Trexquant Investment LP bought a new position in shares of Coffee during the first quarter valued at $75,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Coffee by 153.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 32,263 shares of the company’s stock worth $110,000 after purchasing an additional 19,518 shares during the last quarter.

About Coffee

Coffee Holding Co, Inc engages in manufacturing, roasting, packaging, marketing, and distributing roasted and blended coffees in the United States, Australia, Canada, England, and China. It offers wholesale green coffee products, including unroasted raw beans that are sold to large, medium, and small roasters, as well as coffee shop operators; and roasts, blends, packages, and sells coffee under private labels in cans, brick packages, and instants of various sizes.