Westrock Coffee Company (NASDAQ:WEST) Stock Has Average Price Target of $10.00

Shares of Westrock Coffee Company (NASDAQ:WEST) have received an average recommendation of “Hold” from the five ratings firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $10.67.

WEST has been the topic of several recent research reports. Benchmark reiterated a “buy” rating on shares of Westrock Coffee in a research report on Monday, August 31st. Stifel Nicolaus set a $9.00 price target on shares of Westrock Coffee in a research note on Friday, August 7th. Telsey Advisory Group raised their price target on shares of Westrock Coffee from $11.00 to $13.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Westrock Coffee in a report on Monday, November 2nd.

Westrock Coffee Stock Up 1.0%

Shares of NASDAQ:WEST opened at $8.88 on Wednesday. The business has a 50 day moving average price of $8.52 and a 200 day moving average price of $7.05. The company has a market cap of $866.93 million, a price-to-earnings ratio of -15.86 and a beta of 0.84. Westrock Coffee has a twelve month low of $3.61 and a twelve month high of $11.00.

Westrock Coffee (NASDAQ:WEST) last released its earnings results on Thursday, November 5th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.02). Westrock Coffee had a negative net margin of 4.36% and a negative return on equity of 2,145.68%. The company had revenue of $300.20 million for the quarter, compared to analyst estimates of $303.93 million. Analysts anticipate that Westrock Coffee will post -0.24 EPS for the current year.

Hedge Funds Weigh In On Westrock Coffee

Several hedge funds and other institutional investors have recently modified their holdings of WEST. Bank of America Corp DE boosted its stake in Westrock Coffee by 2.2% in the 1st quarter. Bank of America Corp DE now owns 69,801 shares of the company’s stock valued at $297,000 after buying an additional 1,477 shares in the last quarter. Group One Trading LLC bought a new stake in Westrock Coffee in the second quarter valued at $27,000. Legal & General Group Plc acquired a new position in Westrock Coffee during the second quarter worth $30,000. Quantbot Technologies LP acquired a new position in Westrock Coffee during the second quarter worth $39,000. Finally, Summit Asset Management LLC acquired a new position in Westrock Coffee during the second quarter worth $87,000. Institutional investors own 45.08% of the company’s stock.

Westrock Coffee Company Profile

Westrock Coffee Company is an integrated coffee and tea business based in Little Rock, Arkansas. It sources and processes coffee and tea and supplies beverages, ingredients, and flavor solutions to consumer brands, retailers, restaurants, and other foodservice customers. The company’s offerings include roasted and ground coffee, ready-to-drink beverages, tea, and customized beverage products. Its services span sourcing, product development, manufacturing, and packaging, helping customers bring branded and private-label products to market.