Stifel Nicolaus Cuts Westrock Coffee (NASDAQ:WEST) Price Target to $7.00

Westrock Coffee (NASDAQ:WEST) had its target price decreased by Stifel Nicolaus from $10.00 to $7.00 in a report published on Wednesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the stock.

Several other research analysts also recently commented on WEST. Weiss Ratings reissued a “sell (e+)” rating on shares of Westrock Coffee in a research note on Wednesday, January 21st. Benchmark reaffirmed a “buy” rating on shares of Westrock Coffee in a research note on Friday, November 14th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $7.00 target price on shares of Westrock Coffee in a report on Monday, March 9th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $8.00.

Westrock Coffee Trading Up 10.4%

WEST stock opened at $4.26 on Wednesday. Westrock Coffee has a 12-month low of $3.59 and a 12-month high of $7.92. The business’s 50-day moving average is $4.55 and its 200 day moving average is $4.59. The company has a current ratio of 0.96, a quick ratio of 0.47 and a debt-to-equity ratio of 37.87. The stock has a market cap of $412.45 million, a price-to-earnings ratio of -4.48 and a beta of 0.49.

Westrock Coffee (NASDAQ:WEST) last announced its earnings results on Tuesday, March 10th. The company reported ($0.21) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.11). The firm had revenue of $339.47 million for the quarter, compared to analyst estimates of $317.40 million. Westrock Coffee had a negative net margin of 7.61% and a negative return on equity of 233.53%. On average, sell-side analysts anticipate that Westrock Coffee will post -0.3 EPS for the current fiscal year.

Institutional Investors Weigh In On Westrock Coffee

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. EverSource Wealth Advisors LLC boosted its stake in Westrock Coffee by 199.0% during the second quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company’s stock worth $36,000 after buying an additional 4,136 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Westrock Coffee by 79.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,782 shares of the company’s stock valued at $38,000 after buying 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 worth $43,000. Magnetar Financial LLC acquired a new stake in shares of Westrock Coffee in the 2nd quarter worth $65,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in shares of Westrock Coffee during the 4th quarter worth $47,000. Institutional investors and hedge funds own 45.08% of the company’s stock.

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.