Westrock Coffee Company (NASDAQ:WEST) Receives $8.00 Average Target Price from Analysts

Westrock Coffee Company (NASDAQ:WEST) has been assigned an average rating of “Hold” from the five research firms that are currently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $8.00.

WEST has been the topic of several research reports. Wall Street Zen upgraded Westrock Coffee from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Zacks Research downgraded Westrock Coffee from a “hold” rating to a “strong sell” rating in a research note on Friday, March 20th. Stifel Nicolaus decreased their price objective on Westrock Coffee from $10.00 to $7.00 and set a “buy” rating on the stock in a report on Wednesday, March 11th. Telsey Advisory Group reaffirmed an “outperform” rating and set a $7.00 target price on shares of Westrock Coffee in a research note on Monday, March 9th. Finally, Weiss Ratings reiterated a “sell (e+)” rating on shares of Westrock Coffee in a research report on Wednesday, January 21st.

Insider Transactions at Westrock Coffee

In other Westrock Coffee news, Director Joe T. Ford acquired 55,000 shares of the business’s stock in a transaction on Tuesday, March 17th. The stock was bought at an average price of $4.60 per share, for a total transaction of $253,000.00. Following the acquisition, the director owned 533,916 shares in the company, valued at approximately $2,456,013.60. The trade was a 11.48% increase in their ownership of the stock. The purchase 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 large investors have recently made changes to their positions in WEST. EverSource Wealth Advisors LLC lifted its position in Westrock Coffee by 199.0% during the second 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 in the last quarter. BNP Paribas Financial Markets raised its holdings 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 acquiring an additional 3,439 shares during the period. Waterloo Capital L.P. purchased a new position in shares of Westrock Coffee during the 4th quarter worth $43,000. Magnetar Financial LLC purchased a new stake in shares of Westrock Coffee in the second quarter valued at about $65,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of Westrock Coffee in the fourth quarter valued at about $47,000. 45.08% of the stock is currently owned by hedge funds and other institutional investors.

Westrock Coffee Stock Up 0.5%

Shares of NASDAQ WEST opened at $3.88 on Tuesday. Westrock Coffee has a 52-week low of $3.59 and a 52-week high of $7.92. The company has a quick ratio of 0.48, a current ratio of 0.96 and a debt-to-equity ratio of 37.87. The company’s 50-day simple moving average is $4.56 and its 200-day simple moving average is $4.51. The firm has a market cap of $375.89 million, a price-to-earnings ratio of -4.08 and a beta of 0.49.

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

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.