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

Westrock Coffee Company (NASDAQ:WEST) has been given a consensus rating of “Hold” by the five research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $9.00.

A number of equities research analysts have recently commented on WEST shares. Zacks Research raised shares of Westrock Coffee from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Telsey Advisory Group boosted their target price 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. Wall Street Zen raised shares of Westrock Coffee from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings raised Westrock Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Finally, Benchmark upped their target price on Westrock Coffee from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, May 11th.

Insider Transactions at Westrock Coffee

In other Westrock Coffee news, Director Joe T. Ford purchased 15,000 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were purchased at an average cost of $8.50 per share, for a total transaction of $127,500.00. Following the acquisition, the director owned 273,000 shares of the company’s stock, valued at approximately $2,320,500. This represents 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 available at the SEC website. Insiders purchased 34,500 shares of company stock valued at $290,715 over the last quarter. 25.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Group One Trading LLC acquired a new stake in Westrock Coffee in the first quarter worth $26,000. EverSource Wealth Advisors LLC boosted its position in shares of Westrock Coffee by 199.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company’s stock worth $36,000 after purchasing an additional 4,136 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Westrock Coffee by 79.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,782 shares of the company’s stock worth $38,000 after purchasing an additional 3,439 shares in the last quarter. Waterloo Capital L.P. acquired a new stake in shares of Westrock Coffee in the 4th quarter valued at about $43,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Westrock Coffee in the 4th quarter valued at about $47,000. 45.08% of the stock is owned by institutional investors.

Westrock Coffee Trading Down 7.0%

Shares of WEST stock opened at $7.54 on Thursday. Westrock Coffee has a 1-year low of $3.59 and a 1-year high of $10.19. The stock has a market cap of $730.47 million, a price-to-earnings ratio of -10.05 and a beta of 0.90. The stock has a 50-day moving average of $7.87 and a 200-day moving average of $5.68.

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

Westrock Coffee Company Profile

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.