Westrock Coffee Company (NASDAQ:WEST) Stock Has Consensus Target Price of $10.00 According to Analysts

Shares of Westrock Coffee Company (NASDAQ:WEST) have earned an average recommendation of “Hold” from the five brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research 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 twelve-month target price among brokerages that have issued a report on the stock in the last year is $10.00.

A number of research firms recently commented on WEST. Weiss Ratings reissued a “sell (d-)” rating on shares of Westrock Coffee in a research note on Tuesday, August 4th. Stifel Nicolaus set a $9.00 price target on Westrock Coffee in a research note on Friday, August 7th. Telsey Advisory Group upped their price objective on Westrock Coffee from $10.00 to $11.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Finally, Benchmark reiterated a “buy” rating on shares of Westrock Coffee in a report on Monday, August 31st.

Institutional Trading of Westrock Coffee

A number of hedge funds have recently bought and sold shares of the company. Group One Trading LLC bought a new position in Westrock Coffee during the second quarter valued at approximately $27,000. Legal & General Group Plc purchased a new position in shares of Westrock Coffee during the second quarter worth approximately $30,000. Quantbot Technologies LP bought a new stake in shares of Westrock Coffee in the 2nd quarter worth approximately $39,000. Summit Asset Management LLC bought a new stake in shares of Westrock Coffee in the 2nd quarter worth approximately $87,000. Finally, Sequoia Financial Advisors LLC bought a new stake in shares of Westrock Coffee in the 2nd quarter worth approximately $88,000. Institutional investors own 45.08% of the company’s stock.

Westrock Coffee Trading Down 1.4%

Shares of NASDAQ:WEST traded down $0.12 during trading on Friday, reaching $8.44. The company had a trading volume of 382,431 shares, compared to its average volume of 352,504. The company has a fifty day moving average of $8.07 and a two-hundred day moving average of $7.56. The stock has a market capitalization of $824.00 million, a P/E ratio of -12.79 and a beta of 0.88. Westrock Coffee has a 12 month low of $3.59 and a 12 month high of $10.19.

Westrock Coffee (NASDAQ:WEST) last posted its quarterly earnings data on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.03). Westrock Coffee had a negative net margin of 4.88% and a negative return on equity of 2,145.68%. The company had revenue of $305.66 million for the quarter, compared to analysts’ expectations of $318.80 million. As a group, equities research analysts predict that Westrock Coffee will post -0.22 earnings per share for the current year.

Westrock Coffee Company Profile

Westrock Coffee Company is a global integrated coffee, tea, flavors, extracts and ready-to-drink beverage solutions provider. The company works with businesses to develop, source, process, package and distribute beverage products, offering solutions that can include roasted and ground coffee, single-serve formats, tea, liquid and dry extracts, flavors, and ready-to-drink beverages.

Westrock Coffee serves a range of customers, including restaurants, convenience stores, hospitality companies, retailers, consumer packaged goods manufacturers and other foodservice operators.