Stifel Nicolaus Has Lowered Expectations for Westrock Coffee (NASDAQ:WEST) Stock Price

Westrock Coffee (NASDAQ:WEST) had its price objective reduced by research analysts at Stifel Nicolaus from $10.00 to $7.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ target price indicates a potential upside of 81.35% from the stock’s current price.

A number of other research firms also recently commented on WEST. Weiss Ratings reiterated a “sell (e+)” rating on shares of Westrock Coffee in a report on Wednesday, January 21st. Benchmark restated a “buy” rating on shares of Westrock Coffee in a research report on Friday, November 14th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $7.00 price target on shares of Westrock Coffee in a report on Monday. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.00.

Westrock Coffee Price Performance

Westrock Coffee stock opened at $3.86 on Wednesday. The company has a fifty day simple moving average of $4.55 and a 200-day simple moving average of $4.60. The firm has a market capitalization of $373.73 million, a price-to-earnings ratio of -4.06 and a beta of 0.49. The company has a quick ratio of 0.47, a current ratio of 0.96 and a debt-to-equity ratio of 37.87. Westrock Coffee has a 52-week low of $3.59 and a 52-week high of $7.92.

Westrock Coffee (NASDAQ:WEST) last posted its quarterly earnings results on Tuesday, March 10th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.11). The business had revenue of $339.47 million during the quarter, compared to analysts’ expectations of $317.40 million. Westrock Coffee had a negative return on equity of 233.53% and a negative net margin of 7.61%. On average, equities analysts anticipate that Westrock Coffee will post -0.3 EPS for the current fiscal year.

Institutional Trading of Westrock Coffee

Several hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its holdings in shares of Westrock Coffee by 199.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company’s stock worth $36,000 after buying an additional 4,136 shares during the last quarter. BNP Paribas Financial Markets increased its stake in Westrock Coffee by 79.2% during the third quarter. BNP Paribas Financial Markets now owns 7,782 shares of the company’s stock worth $38,000 after acquiring an additional 3,439 shares during the last quarter. Waterloo Capital L.P. acquired a new stake in Westrock Coffee during the fourth quarter worth $43,000. Mercer Global Advisors Inc. ADV purchased a new stake in Westrock Coffee in the fourth quarter valued at $47,000. Finally, Hexagon Capital Partners LLC purchased a new stake in Westrock Coffee in the fourth quarter valued at $48,000. Hedge funds and other institutional investors own 45.08% of the company’s stock.

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.