Telsey Advisory Group Reaffirms Outperform Rating for Westrock Coffee (NASDAQ:WEST)

Westrock Coffee (NASDAQ:WEST)‘s stock had its “outperform” rating reissued by equities researchers at Telsey Advisory Group in a note issued to investors on Monday, Benzinga reports. They currently have a $13.00 price target on the stock. Telsey Advisory Group’s price target indicates a potential upside of 22.41% from the stock’s current price.

Separately, Benchmark upped their target price on Westrock Coffee from $11.00 to $12.00 and gave the company a “buy” rating in a report on Wednesday, March 13th.

Westrock Coffee Price Performance

Shares of WEST opened at $10.62 on Monday. The company has a current ratio of 1.31, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The firm has a market cap of $934.88 million, a price-to-earnings ratio of -18.96 and a beta of 0.46. Westrock Coffee has a 52 week low of $6.88 and a 52 week high of $11.91. The stock has a 50 day moving average of $10.02 and a 200-day moving average of $9.75.

Westrock Coffee (NASDAQ:WEST) last released its earnings results on Tuesday, March 12th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). Westrock Coffee had a negative net margin of 4.05% and a negative return on equity of 41.02%. The business had revenue of $214.97 million for the quarter, compared to the consensus estimate of $222.20 million. As a group, analysts forecast that Westrock Coffee will post -0.04 EPS for the current year.

Institutional Trading of Westrock Coffee

A number of institutional investors have recently made changes to their positions in WEST. Horrell Capital Management Inc. boosted its position in shares of Westrock Coffee by 2.5% during the 1st quarter. Horrell Capital Management Inc. now owns 86,571 shares of the company’s stock valued at $894,000 after purchasing an additional 2,147 shares in the last quarter. Hexagon Capital Partners LLC bought a new stake in Westrock Coffee during the first quarter worth approximately $41,000. Stephens Inc. AR boosted its holdings in Westrock Coffee by 197.7% during the fourth quarter. Stephens Inc. AR now owns 138,532 shares of the company’s stock worth $1,414,000 after buying an additional 92,000 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Westrock Coffee by 807.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 9,397 shares of the company’s stock worth $96,000 after buying an additional 8,361 shares during the last quarter. Finally, NFC Investments LLC bought a new position in shares of Westrock Coffee in the fourth quarter valued at $35,416,000. 45.08% of the stock is 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.