Telsey Advisory Group Has Lowered Expectations for Westrock Coffee (NASDAQ:WEST) Stock Price

Westrock Coffee (NASDAQ:WEST) had its price target dropped by equities research analysts at Telsey Advisory Group from $10.00 to $7.00 in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm currently has an “outperform” rating on the stock. Telsey Advisory Group’s price target suggests a potential upside of 80.88% from the stock’s current price.

Several other analysts also recently weighed in on the stock. Wall Street Zen raised shares of Westrock Coffee from a “sell” rating to a “hold” rating in a research note on Friday, August 22nd. Weiss Ratings restated a “sell (e+)” rating on shares of Westrock Coffee in a report on Wednesday, October 8th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.00.

Westrock Coffee Stock Down 1.3%

Shares of WEST opened at $3.87 on Friday. The firm has a fifty day moving average price of $4.87 and a 200-day moving average price of $5.94. The company has a current ratio of 1.04, a quick ratio of 0.50 and a debt-to-equity ratio of 23.42. The firm has a market capitalization of $366.53 million, a P/E ratio of -3.95 and a beta of 0.47. Westrock Coffee has a 12-month low of $3.59 and a 12-month high of $8.29.

Westrock Coffee (NASDAQ:WEST) last posted its quarterly earnings results on Thursday, November 6th. The company reported ($0.05) EPS for the quarter, hitting the consensus estimate of ($0.05). The company had revenue of $354.83 million for the quarter, compared to the consensus estimate of $281.54 million. Westrock Coffee had a negative net margin of 8.58% and a negative return on equity of 78.05%. Equities research analysts expect that Westrock Coffee will post -0.3 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Joe T. Ford bought 5,000 shares of the stock in a transaction on Tuesday, September 2nd. The stock was bought at an average price of $5.30 per share, for a total transaction of $26,500.00. Following the completion of the acquisition, the director directly 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 27.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Westrock Coffee by 4.9% in the 1st quarter. Vanguard Group Inc. now owns 2,950,639 shares of the company’s stock valued at $21,304,000 after buying an additional 137,646 shares in the last quarter. Nuveen LLC bought a new position in shares of Westrock Coffee during the 1st quarter worth approximately $680,000. Fuller & Thaler Asset Management Inc. purchased a new stake in Westrock Coffee during the first quarter valued at approximately $336,000. Krilogy Financial LLC acquired a new stake in Westrock Coffee in the second quarter valued at approximately $1,146,000. Finally, Trexquant Investment LP acquired a new stake in Westrock Coffee in the first quarter valued at approximately $83,000. 45.08% of the stock is currently owned by hedge funds and other institutional investors.

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.