Westrock Coffee (NASDAQ:WEST) Price Target Cut to $7.00 by Analysts at Telsey Advisory Group

Westrock Coffee (NASDAQ:WEST) had its target price reduced by equities research analysts at Telsey Advisory Group from $10.00 to $7.00 in a research note issued on Friday, Marketbeat reports. The brokerage presently has an “outperform” rating on the stock. Telsey Advisory Group’s price objective indicates a potential upside of 87.42% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Westrock Coffee in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Westrock Coffee from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $9.00.

Westrock Coffee Price Performance

Shares of WEST traded down $0.19 during midday trading on Friday, hitting $3.74. The company’s stock had a trading volume of 60,890 shares, compared to its average volume of 361,316. Westrock Coffee has a one year low of $3.73 and a one year high of $8.29. The company has a quick ratio of 0.50, a current ratio of 1.04 and a debt-to-equity ratio of 23.42. The company’s fifty day simple moving average is $4.90 and its two-hundred day simple moving average is $5.95. The stock has a market capitalization of $353.74 million, a price-to-earnings ratio of -3.96 and a beta of 0.47.

Westrock Coffee (NASDAQ:WEST) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.02. The business had revenue of $280.86 million during 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%. As a group, equities analysts expect that Westrock Coffee will post -0.3 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Joe T. Ford bought 5,000 shares of Westrock Coffee stock in a transaction dated Tuesday, September 2nd. The shares were bought at an average cost of $5.30 per share, with a total value of $26,500.00. Following the acquisition, the director owned 413,916 shares in the company, valued at $2,193,754.80. This trade represents a 1.22% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 27.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Westrock Coffee

Hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Westrock Coffee by 4.9% during the first quarter. Vanguard Group Inc. now owns 2,950,639 shares of the company’s stock valued at $21,304,000 after buying an additional 137,646 shares in the last quarter. Nuveen LLC acquired a new position in shares of Westrock Coffee in the 1st quarter valued at about $680,000. Fuller & Thaler Asset Management Inc. purchased a new position in Westrock Coffee in the first quarter valued at about $336,000. Krilogy Financial LLC acquired a new position in shares of Westrock Coffee during the 2nd quarter valued at about $1,146,000. Finally, Trexquant Investment LP bought a new stake in Westrock Coffee during the first quarter valued at about $83,000. 45.08% of the stock is owned by hedge funds and other institutional investors.

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.