ValuEngine upgraded shares of Coffee (NASDAQ:JVA) from a hold rating to a buy rating in a report issued on Monday, February 4th.
A number of other brokerages also recently weighed in on JVA. Maxim Group reissued a buy rating and set a $9.00 price target on shares of Coffee in a research report on Tuesday, January 29th. TheStreet downgraded Coffee from a b- rating to a c+ rating in a research report on Tuesday, December 11th.
JVA stock opened at $7.08 on Monday. The stock has a market cap of $36.70 million, a price-to-earnings ratio of 38.76 and a beta of 1.93. Coffee has a 1-year low of $3.53 and a 1-year high of $7.79.
Several hedge funds have recently modified their holdings of the stock. Ancora Advisors LLC lifted its stake in 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 purchasing an additional 9,545 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Coffee by 10.6% during the third quarter. Renaissance Technologies LLC now owns 262,688 shares of the company’s stock worth $1,161,000 after buying an additional 25,234 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Coffee by 25.4% during the third quarter. Dimensional Fund Advisors LP now owns 64,152 shares of the company’s stock worth $284,000 after buying an additional 12,998 shares in the last quarter. Institutional investors and hedge funds own 23.52% of the company’s stock.
Coffee Holding Co, Inc manufactures, roasts, packages, markets, and distributes roasted and blended coffees in the United States, Canada, Australia, 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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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