Westrock Coffee’s (WEST) Outperform Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Westrock Coffee (NASDAQ:WEST) in a research report report published on Monday morning,Benzinga reports. The firm currently has a $10.00 price objective on the stock.

A number of other equities analysts also recently issued reports on the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Westrock Coffee in a research note on Wednesday, October 8th. Wall Street Zen raised Westrock Coffee from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $10.00.

Westrock Coffee Stock Performance

Shares of Westrock Coffee stock opened at $4.77 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.50 and a debt-to-equity ratio of 23.42. The stock’s fifty day moving average price is $5.11 and its 200-day moving average price is $6.01. The firm has a market cap of $451.77 million, a P/E ratio of -5.07 and a beta of 0.48. Westrock Coffee has a 12 month low of $4.34 and a 12 month high of $8.29.

Westrock Coffee (NASDAQ:WEST) last issued its earnings results on Thursday, August 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.02. The company had revenue of $280.86 million for the quarter, compared to analysts’ expectations of $238.34 million. Westrock Coffee had a negative net margin of 9.28% and a negative return on equity of 64.79%. On average, equities research analysts expect that Westrock Coffee will post -0.3 earnings per share for the current fiscal year.

Insider Buying and Selling at Westrock Coffee

In other Westrock Coffee news, Director Joe T. Ford purchased 5,000 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were acquired at an average price of $5.30 per share, for a total transaction of $26,500.00. Following the completion of the purchase, the director owned 413,916 shares of the company’s stock, valued at approximately $2,193,754.80. The trade was a 1.22% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 27.70% of the company’s stock.

Institutional Trading of Westrock Coffee

A number of institutional investors have recently bought and sold shares of the stock. DAVENPORT & Co LLC increased its stake in Westrock Coffee by 2.4% during the 1st quarter. DAVENPORT & Co LLC now owns 244,470 shares of the company’s stock valued at $1,765,000 after purchasing an additional 5,795 shares in the last quarter. Stephens Inc. AR grew its holdings in shares of Westrock Coffee by 3.8% during the first quarter. Stephens Inc. AR now owns 245,364 shares of the company’s stock valued at $1,772,000 after buying an additional 9,000 shares during the last quarter. Legacy Capital Wealth Partners LLC increased its position in shares of Westrock Coffee by 38.0% in the 1st quarter. Legacy Capital Wealth Partners LLC now owns 36,105 shares of the company’s stock valued at $261,000 after acquiring an additional 9,940 shares during the period. HHM Wealth Advisors LLC raised its stake in Westrock Coffee by 130.9% in the 1st quarter. HHM Wealth Advisors LLC now owns 8,080 shares of the company’s stock worth $58,000 after acquiring an additional 4,580 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in Westrock Coffee by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 2,950,639 shares of the company’s stock worth $21,304,000 after acquiring an additional 137,646 shares during the period. 45.08% of the stock is currently owned by institutional investors and hedge funds.

Westrock Coffee Company Profile

Westrock Coffee Company, LLC operates as an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the United States and internationally. It operates through two segments, Beverage Solutions, and Sustainable Sourcing & Traceability (SS&T). The Beverage Solutions segment provides various packaging, including branded and private label coffee in bags, fractional packs, and single serve cups, as well as extract solutions for applications in cold brew and ready-to-drink offerings.