Westrock Coffee Company (NASDAQ:WEST) Receives Average Recommendation of “Hold” from Analysts

Westrock Coffee Company (NASDAQ:WEST) has received an average rating of “Hold” from the five analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $9.00.

A number of equities research analysts recently issued reports on WEST shares. Stifel Nicolaus set a $8.00 price objective on shares of Westrock Coffee in a report on Friday, May 8th. Wall Street Zen upgraded shares of Westrock Coffee from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Zacks Research upgraded shares of Westrock Coffee from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Benchmark upped their price objective on shares of Westrock Coffee from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Finally, Telsey Advisory Group upped their price target on shares of Westrock Coffee from $7.00 to $9.00 and gave the company an “outperform” rating in a report on Friday, May 8th.

Insider Transactions at Westrock Coffee

In other news, Director Joe T. Ford purchased 15,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was bought at an average cost of $8.50 per share, for a total transaction of $127,500.00. Following the completion of the acquisition, the director directly owned 273,000 shares of the company’s stock, valued at approximately $2,320,500. The trade was a 5.81% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought 134,500 shares of company stock worth $720,115 in the last three months. 25.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Westrock Coffee

A number of hedge funds have recently bought and sold shares of WEST. Group One Trading LLC bought a new stake in Westrock Coffee during the first quarter valued at about $26,000. EverSource Wealth Advisors LLC boosted its holdings in Westrock Coffee by 199.0% during the second quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company’s stock valued at $36,000 after acquiring an additional 4,136 shares during the period. BNP Paribas Financial Markets boosted its holdings in Westrock Coffee by 79.2% during the third quarter. BNP Paribas Financial Markets now owns 7,782 shares of the company’s stock valued at $38,000 after acquiring an additional 3,439 shares during the period. Waterloo Capital L.P. bought a new stake in Westrock Coffee during the fourth quarter valued at about $43,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of Westrock Coffee in the fourth quarter valued at about $47,000. 45.08% of the stock is currently owned by institutional investors.

Westrock Coffee Trading Up 0.4%

Shares of NASDAQ:WEST opened at $7.54 on Friday. The stock has a market capitalization of $730.48 million, a PE ratio of -10.05 and a beta of 0.90. Westrock Coffee has a 1 year low of $3.59 and a 1 year high of $8.98. The firm has a fifty day moving average price of $6.40 and a 200 day moving average price of $5.09. The company has a current ratio of 0.97, a quick ratio of 0.46 and a debt-to-equity ratio of 37.87.

Westrock Coffee (NASDAQ:WEST) last issued its quarterly earnings data on Thursday, May 7th. The company reported ($0.04) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.09. The firm had revenue of $308.83 million during the quarter, compared to analysts’ expectations of $285.13 million. Westrock Coffee had a negative net margin of 5.59% and a negative return on equity of 2,145.68%. Analysts expect that Westrock Coffee will post -0.18 EPS for the current fiscal year.

About Westrock Coffee

Westrock Coffee Company is a global integrated coffee roaster and manufacturer that delivers end-to-end solutions across the coffee and tea supply chain. The company sources, roasts, blends, packages and distributes a diverse range of products, including hot and cold brew coffee, single-serve pods, instant and soluble coffee, tea, and specialty coffee extracts. Serving retail, convenience, foodservice and industrial customers, Westrock Coffee offers both private-label and co-packed branded products to meet the needs of supermarkets, quick-service restaurants, office coffee services and other channels.

Since its founding in 2008, Westrock Coffee has grown through a combination of organic expansion and strategic acquisitions to establish manufacturing facilities across North America, Latin America and Europe.