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

Westrock Coffee Company (NASDAQ:WEST) has earned a consensus recommendation of “Hold” from the five analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $9.00.

A number of equities analysts have issued reports on WEST shares. Telsey Advisory Group increased their price target on Westrock Coffee from $7.00 to $9.00 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Stifel Nicolaus set a $8.00 price target on Westrock Coffee in a research report on Friday. Weiss Ratings upgraded Westrock Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Wall Street Zen upgraded Westrock Coffee from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Zacks Research upgraded Westrock Coffee from a “strong sell” rating to a “hold” rating in a research report on Monday.

Insider Activity at Westrock Coffee

In other news, Director Joe T. Ford bought 55,000 shares of Westrock Coffee stock in a transaction on Tuesday, March 17th. The stock was acquired at an average price of $4.60 per share, with a total value of $253,000.00. Following the completion of the acquisition, the director directly owned 533,916 shares of the company’s stock, valued at $2,456,013.60. The trade was a 11.48% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 27.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Westrock Coffee

A number of hedge funds have recently made changes to their positions in WEST. EverSource Wealth Advisors LLC raised its holdings in shares of Westrock Coffee by 199.0% during the second quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company’s stock valued at $36,000 after acquiring an additional 4,136 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Westrock Coffee by 79.2% during the third quarter. BNP Paribas Financial Markets now owns 7,782 shares of the company’s stock valued at $38,000 after acquiring an additional 3,439 shares during the last quarter. Waterloo Capital L.P. acquired a new position in shares of Westrock Coffee during the fourth quarter valued at approximately $43,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Westrock Coffee during the fourth quarter valued at approximately $47,000. Finally, Hexagon Capital Partners LLC acquired a new position in shares of Westrock Coffee during the fourth quarter valued at approximately $48,000. Institutional investors and hedge funds own 45.08% of the company’s stock.

Westrock Coffee Stock Performance

Shares of WEST stock opened at $8.65 on Wednesday. The company has a market capitalization of $838.01 million, a P/E ratio of -11.53 and a beta of 0.78. The business’s 50 day moving average is $4.95 and its two-hundred day moving average is $4.62. The company has a current ratio of 0.97, a quick ratio of 0.48 and a debt-to-equity ratio of 37.87. Westrock Coffee has a 12-month low of $3.59 and a 12-month high of $8.98.

Westrock Coffee (NASDAQ:WEST) last issued its quarterly earnings results on Thursday, May 7th. The company reported ($0.04) earnings per share (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 the consensus estimate of $285.13 million. Westrock Coffee had a negative return on equity of 2,145.68% and a negative net margin of 5.59%. Analysts expect that Westrock Coffee will post -0.18 EPS for the current fiscal 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.