Westrock Coffee (NASDAQ:WEST) Hits New 52-Week High – Time to Buy?

Westrock Coffee Company (NASDAQ:WEST) shares reached a new 52-week high during trading on Thursday . The company traded as high as $9.92 and last traded at $9.9390, with a volume of 156238 shares. The stock had previously closed at $9.68.

Wall Street Analyst Weigh In

WEST has been the subject of a number of research analyst reports. Zacks Research upgraded Westrock Coffee from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Benchmark boosted their price objective on shares of Westrock Coffee from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Telsey Advisory Group increased their price objective on shares of Westrock Coffee from $7.00 to $9.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Weiss Ratings upgraded shares of Westrock Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, May 7th. Finally, Wall Street Zen upgraded shares of Westrock Coffee from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Westrock Coffee presently has a consensus rating of “Hold” and an average target price of $9.00.

Westrock Coffee Trading Up 1.5%

The business has a 50 day moving average of $7.55 and a 200-day moving average of $5.52. The stock has a market cap of $952.14 million, a PE ratio of -13.09 and a beta of 0.90. The company has a current ratio of 0.97, a quick ratio of 0.46 and a debt-to-equity ratio of 37.87.

Westrock Coffee (NASDAQ:WEST) last released its quarterly earnings results on Thursday, May 7th. The company reported ($0.04) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.09. Westrock Coffee had a negative return on equity of 2,145.68% and a negative net margin of 5.59%.The company had revenue of $308.83 million during the quarter, compared to the consensus estimate of $285.12 million. On average, analysts anticipate that Westrock Coffee Company will post -0.18 EPS for the current year.

Insider Activity at Westrock Coffee

In related news, Director Joe T. Ford acquired 15,000 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was purchased at an average price of $8.50 per share, for a total transaction of $127,500.00. Following the transaction, the director owned 273,000 shares in the company, valued at $2,320,500. This trade represents a 5.81% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders acquired a total of 34,500 shares of company stock worth $290,715 over the last quarter. 25.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Westrock Coffee

Several hedge funds have recently modified their holdings of WEST. Group One Trading LLC acquired a new stake in shares of Westrock Coffee during the 1st quarter worth about $26,000. EverSource Wealth Advisors LLC raised its position in shares of 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 buying an additional 4,136 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of Westrock Coffee by 79.2% during the third quarter. BNP Paribas Financial Markets now owns 7,782 shares of the company’s stock valued at $38,000 after buying an additional 3,439 shares during the period. Waterloo Capital L.P. purchased a new position in shares of Westrock Coffee during the fourth quarter valued at approximately $43,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in Westrock Coffee during the fourth quarter worth approximately $47,000. 45.08% of the stock is owned by institutional investors and hedge funds.

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.