Coffee (JVA) Cut to C+ at TheStreet

Coffee (NASDAQ:JVA) was downgraded by research analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued to clients and investors on Wednesday, TheStreetRatingsTable reports.

JVA has been the subject of a number of other reports. Maxim Group reiterated a “buy” rating and set a $11.00 target price (up from $9.00) on shares of Coffee in a research report on Friday, March 8th. ValuEngine upgraded Coffee from a “hold” rating to a “buy” rating in a research report on Monday, February 4th.

Shares of NASDAQ:JVA traded down $0.12 during trading on Wednesday, reaching $4.72. 10,423 shares of the company traded hands, compared to its average volume of 79,502. The company has a market cap of $26.81 million, a price-to-earnings ratio of 28.59 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 released its earnings results on Wednesday, March 13th. The company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.06). The company had revenue of $23.63 million for the quarter. Coffee had a net margin of 1.02% and a return on equity of 3.60%.

Several hedge funds have recently made changes to their positions in the stock. Morgan Stanley increased its holdings in Coffee by 156.9% in the 1st quarter. Morgan Stanley now owns 6,770 shares of the company’s stock worth $36,000 after purchasing an additional 4,135 shares in the last quarter. Jane Street Group LLC acquired a new position in Coffee in the 1st quarter worth about $57,000. Northern Trust Corp acquired a new position in Coffee in the 1st quarter worth about $85,000. Bailard Inc. acquired a new position in Coffee in the 1st quarter worth about $95,000. Finally, Algert Global LLC increased its holdings in Coffee by 89.6% in the 1st quarter. Algert Global LLC now owns 28,017 shares of the company’s stock worth $152,000 after purchasing an additional 13,237 shares in the last quarter. Institutional investors and hedge funds own 23.00% of the company’s stock.

About Coffee

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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