Westrock Coffee (NASDAQ:WEST) Upgraded by Wall Street Zen to Hold Rating

Westrock Coffee (NASDAQ:WEST) was upgraded by equities research analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Saturday.

Other analysts have also recently issued reports about the stock. Stifel Nicolaus decreased their price target on shares of Westrock Coffee from $10.00 to $7.00 and set a “buy” rating for the company in a report on Wednesday. Telsey Advisory Group reiterated an “outperform” rating and issued a $7.00 target price on shares of Westrock Coffee in a research report on Monday, March 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of Westrock Coffee in a research note on Wednesday, January 21st. Finally, Benchmark restated a “buy” rating on shares of Westrock Coffee in a report on Friday, November 14th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.00.

Westrock Coffee Stock Up 10.4%

Shares of Westrock Coffee stock opened at $4.26 on Friday. Westrock Coffee has a 1 year low of $3.59 and a 1 year high of $7.92. The company has a market cap of $412.45 million, a P/E ratio of -4.48 and a beta of 0.49. The company has a current ratio of 0.96, a quick ratio of 0.47 and a debt-to-equity ratio of 37.87. The stock has a 50-day moving average price of $4.55 and a 200 day moving average price of $4.59.

Westrock Coffee (NASDAQ:WEST) last released its 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 for the quarter, compared to analysts’ expectations of $317.40 million. Westrock Coffee had a negative net margin of 7.61% and a negative return on equity of 233.53%. As a group, analysts expect that Westrock Coffee will post -0.3 EPS for the current fiscal year.

Hedge Funds Weigh In On Westrock Coffee

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its stake in Westrock Coffee by 199.0% in the second quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company’s stock valued at $36,000 after acquiring an additional 4,136 shares during the last quarter. BNP Paribas Financial Markets increased its stake in shares of Westrock Coffee by 79.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 7,782 shares of the company’s stock worth $38,000 after purchasing an additional 3,439 shares during the last quarter. Waterloo Capital L.P. acquired a new position in shares of Westrock Coffee during the 4th quarter worth $43,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Westrock Coffee during the 4th quarter valued at $47,000. Finally, Hexagon Capital Partners LLC bought a new position in shares of Westrock Coffee during the 4th quarter valued at $48,000. Institutional investors own 45.08% of the company’s stock.

Westrock Coffee Company Profile

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.