Westrock Coffee (NASDAQ:WEST) Given “Outperform” Rating at Telsey Advisory Group

Telsey Advisory Group reaffirmed their outperform rating on shares of Westrock Coffee (NASDAQ:WEST) in a research report report published on Monday,Benzinga reports. Telsey Advisory Group currently has a $7.00 target price on the stock.

A number of other research firms have also issued reports on WEST. Weiss Ratings restated a “sell (e+)” rating on shares of Westrock Coffee in a research report on Wednesday, January 21st. Benchmark reaffirmed a “buy” rating on shares of Westrock Coffee in a research report on Friday, November 14th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Westrock Coffee currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.00.

Westrock Coffee Stock Down 0.5%

NASDAQ:WEST opened at $3.88 on Monday. The firm has a market capitalization of $375.66 million, a PE ratio of -3.96 and a beta of 0.50. The stock has a 50 day moving average of $4.56 and a 200-day moving average of $4.63. Westrock Coffee has a 52 week low of $3.59 and a 52 week high of $7.92. The company has a current ratio of 1.02, a quick ratio of 0.47 and a debt-to-equity ratio of 37.87.

Insider Buying and Selling at Westrock Coffee

In related news, CEO Scott T. Ford acquired 100,000 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was acquired at an average cost of $4.14 per share, for a total transaction of $414,000.00. Following the completion of the acquisition, the chief executive officer directly owned 506,401 shares of the company’s stock, valued at approximately $2,096,500.14. The trade was a 24.61% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 27.70% of the company’s stock.

Institutional Investors Weigh In On Westrock Coffee

A number of institutional investors have recently added to or reduced their stakes in WEST. AQR Capital Management LLC bought a new position in Westrock Coffee during the 1st quarter valued at $166,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Westrock Coffee by 10.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,292 shares of the company’s stock worth $154,000 after buying an additional 2,003 shares in the last quarter. Savant Capital LLC acquired a new stake in shares of Westrock Coffee in the second quarter valued at $76,000. Los Angeles Capital Management LLC acquired a new stake in shares of Westrock Coffee in the second quarter valued at $243,000. Finally, Magnetar Financial LLC bought a new position in Westrock Coffee during the second quarter valued at about $65,000. 45.08% of the stock is currently owned by institutional investors and hedge funds.

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.