Westrock Coffee Company (NASDAQ:WEST) Given Average Rating of “Hold” by Brokerages

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

Several equities analysts recently weighed in on the stock. Zacks Research downgraded shares of Westrock Coffee from a “hold” rating to a “strong sell” rating in a report on Friday, March 20th. Stifel Nicolaus decreased their price objective on shares of Westrock Coffee from $10.00 to $7.00 and set a “buy” rating for the company in a research note on Wednesday, March 11th. Wall Street Zen raised shares of Westrock Coffee from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Weiss Ratings reissued a “sell (e+)” rating on shares of Westrock Coffee in a report on Wednesday, January 21st. Finally, Telsey Advisory Group restated an “outperform” rating and set a $7.00 target price on shares of Westrock Coffee in a research report on Monday, March 9th.

Insider Buying and Selling at Westrock Coffee

In other news, Director Joe T. Ford purchased 55,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The shares were bought at an average price of $4.60 per share, for a total transaction of $253,000.00. Following the completion of the transaction, the director owned 533,916 shares in the company, valued at $2,456,013.60. This represents a 11.48% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 27.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. 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 boosted its position in Westrock Coffee by 79.2% during the third 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 last quarter. Waterloo Capital L.P. purchased a new stake in Westrock Coffee during the 4th quarter valued at about $43,000. Mercer Global Advisors Inc. ADV purchased a new stake in Westrock Coffee during the 4th quarter valued at about $47,000. Finally, Hexagon Capital Partners LLC acquired a new stake in Westrock Coffee in the 4th quarter valued at about $48,000. Institutional investors and hedge funds own 45.08% of the company’s stock.

Westrock Coffee Trading Up 3.6%

Shares of NASDAQ WEST opened at $4.05 on Tuesday. Westrock Coffee has a 1-year low of $3.59 and a 1-year high of $7.92. The business has a fifty day moving average price of $4.53 and a 200 day moving average price of $4.48. The stock has a market capitalization of $392.36 million, a P/E ratio of -4.26 and a beta of 0.50. The company has a debt-to-equity ratio of 37.87, a current ratio of 0.96 and a quick ratio of 0.48.

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