Jupiter Topco LLC Invests $1.66 Million in Westrock Coffee Company $WEST

Jupiter Topco LLC acquired a new stake in shares of Westrock Coffee Company (NASDAQ:WEST) in the second quarter, HoldingsChannel.com reports. The fund acquired 204,235 shares of the company’s stock, valued at approximately $1,656,000.

Other large investors have also recently made changes to their positions in the company. Hsbc Holdings PLC purchased a new stake in Westrock Coffee during the 2nd quarter valued at $464,000. Legal & General Group Plc acquired a new position in shares of Westrock Coffee during the second quarter valued at about $30,000. The Manufacturers Life Insurance Company purchased a new stake in Westrock Coffee in the second quarter valued at approximately $90,000. Group One Trading LLC purchased a new position in Westrock Coffee during the second quarter valued at approximately $27,000. Finally, Algert Global LLC acquired a new position in shares of Westrock Coffee in the 2nd quarter valued at $2,816,000. 45.08% of the stock is owned by institutional investors.

Westrock Coffee Trading Up 0.9%

Shares of WEST stock opened at $7.75 on Friday. The firm’s 50 day moving average is $7.86 and its 200-day moving average is $6.79. The firm has a market capitalization of $756.63 million, a price-to-earnings ratio of -11.74 and a beta of 0.89. Westrock Coffee Company has a 1 year low of $3.59 and a 1 year high of $10.19.

Westrock Coffee (NASDAQ:WEST) last announced its quarterly earnings results on Thursday, August 6th. The company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). Westrock Coffee had a negative net margin of 4.88% and a negative return on equity of 2,145.68%. The firm had revenue of $305.66 million during the quarter, compared to analyst estimates of $318.80 million. On average, equities research analysts forecast that Westrock Coffee Company will post -0.22 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have commented on WEST. Telsey Advisory Group increased their price objective on shares of Westrock Coffee from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Stifel Nicolaus set a $9.00 price objective on shares of Westrock Coffee in a research report on Friday, August 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of Westrock Coffee in a research report on Tuesday, August 4th. Zacks Research raised shares of Westrock Coffee from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Finally, Benchmark reissued a “buy” rating on shares of Westrock Coffee in a report on Monday. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $10.00.

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.