Westrock Coffee Company (NASDAQ:WEST) Given Average Recommendation of “Hold” by Analysts

Westrock Coffee Company (NASDAQ:WEST) has received a consensus rating of “Hold” from the five analysts that are presently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $9.00.

A number of brokerages recently weighed in on WEST. Stifel Nicolaus set a $8.00 target price on shares of Westrock Coffee in a research report on Friday, May 8th. Telsey Advisory Group boosted their price target on shares of Westrock Coffee from $7.00 to $9.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Benchmark increased their price objective on shares of Westrock Coffee from $8.00 to $10.00 and gave the company a “buy” rating in a report on Monday, May 11th. Weiss Ratings upgraded Westrock Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Finally, Zacks Research raised Westrock Coffee from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th.

Insiders Place Their Bets

In other news, Director Joe T. Ford acquired 15,000 shares of Westrock Coffee stock in a transaction on Thursday, May 14th. The shares were acquired at an average price of $8.50 per share, with a total value of $127,500.00. Following the purchase, the director directly owned 273,000 shares in the company, valued at $2,320,500. The trade was a 5.81% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last three months, insiders purchased 34,500 shares of company stock worth $290,715. Company insiders own 25.40% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Bank of America Corp DE grew its stake in shares of Westrock Coffee by 2.2% in the 1st quarter. Bank of America Corp DE now owns 69,801 shares of the company’s stock worth $297,000 after buying an additional 1,477 shares in the last quarter. Red Door Wealth Management LLC raised its position in shares of Westrock Coffee by 7.7% during the 1st quarter. Red Door Wealth Management LLC now owns 28,000 shares of the company’s stock valued at $119,000 after buying an additional 2,000 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Westrock Coffee by 10.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,292 shares of the company’s stock valued at $154,000 after acquiring an additional 2,003 shares during the last quarter. MetLife Investment Management LLC grew its position in Westrock Coffee by 14.9% in the fourth quarter. MetLife Investment Management LLC now owns 20,863 shares of the company’s stock worth $85,000 after acquiring an additional 2,704 shares in the last quarter. Finally, Alliancebernstein L.P. grew its position in Westrock Coffee by 10.1% in the third quarter. Alliancebernstein L.P. now owns 31,720 shares of the company’s stock worth $154,000 after acquiring an additional 2,900 shares in the last quarter. 45.08% of the stock is owned by hedge funds and other institutional investors.

Westrock Coffee Stock Performance

Shares of WEST opened at $7.60 on Monday. The business’s 50 day moving average is $8.11 and its 200 day moving average is $6.07. The company has a market capitalization of $736.28 million, a PE ratio of -10.13 and a beta of 0.90. Westrock Coffee has a 12-month low of $3.59 and a 12-month high of $10.19.

Westrock Coffee (NASDAQ:WEST) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.09. The company had revenue of $308.83 million for the quarter, compared to analysts’ expectations of $285.12 million. Westrock Coffee had a negative return on equity of 2,145.68% and a negative net margin of 5.59%. Equities research analysts predict that Westrock Coffee will post -0.18 earnings per share for the current 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.