Westrock Coffee’s (WEST) “Outperform” Rating Reaffirmed at Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Westrock Coffee (NASDAQ:WEST) in a research report released on Monday morning,Benzinga reports. They currently have a $10.00 price objective on the stock.

Other equities research analysts have also recently issued reports about the stock. Weiss Ratings reiterated a “sell (e+)” rating on shares of Westrock Coffee in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Westrock Coffee from a “sell” rating to a “hold” rating in a research report on Friday, August 22nd. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Westrock Coffee presently has an average rating of “Moderate Buy” and a consensus target price of $10.00.

Westrock Coffee Price Performance

Shares of NASDAQ WEST opened at $5.06 on Monday. Westrock Coffee has a fifty-two week low of $4.34 and a fifty-two week high of $8.29. The firm’s 50-day simple moving average is $5.17 and its 200 day simple moving average is $6.03. 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 stock has a market cap of $479.22 million, a P/E ratio of -5.38 and a beta of 0.48.

Westrock Coffee (NASDAQ:WEST) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.12) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.02. Westrock Coffee had a negative net margin of 9.28% and a negative return on equity of 64.79%. The business had revenue of $280.86 million for the quarter, compared to analysts’ expectations of $238.34 million. Equities analysts expect that Westrock Coffee will post -0.3 EPS for the current year.

Insider Transactions at Westrock Coffee

In related news, Director Joe T. Ford acquired 5,000 shares of the business’s stock in a transaction on Tuesday, September 2nd. The shares were purchased at an average price of $5.30 per share, for a total transaction of $26,500.00. Following the acquisition, the director owned 413,916 shares in the company, valued at approximately $2,193,754.80. This represents a 1.22% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 27.70% of the company’s stock.

Institutional Trading of Westrock Coffee

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in Westrock Coffee by 4.9% during the 1st quarter. Vanguard Group Inc. now owns 2,950,639 shares of the company’s stock worth $21,304,000 after buying an additional 137,646 shares during the period. Nuveen LLC acquired a new stake in Westrock Coffee during the 1st quarter worth about $680,000. Fuller & Thaler Asset Management Inc. acquired a new position in shares of Westrock Coffee in the 1st quarter valued at about $336,000. Krilogy Financial LLC acquired a new position in shares of Westrock Coffee in the 2nd quarter valued at about $1,146,000. Finally, DAVENPORT & Co LLC increased its holdings in shares of Westrock Coffee by 2.4% in the 1st quarter. DAVENPORT & Co LLC now owns 244,470 shares of the company’s stock valued at $1,765,000 after purchasing an additional 5,795 shares during the period. Institutional investors and hedge funds own 45.08% of the company’s stock.

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.