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

Shares of Westrock Coffee Company (NASDAQ:WEST) have received a consensus rating of “Hold” from the five brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $10.00.

A number of research firms recently issued reports on WEST. Weiss Ratings reissued a “sell (d-)” rating on shares of Westrock Coffee in a research note on Tuesday, August 4th. Benchmark restated a “buy” rating on shares of Westrock Coffee in a report on Monday, August 31st. Stifel Nicolaus set a $9.00 price target on Westrock Coffee in a research note on Friday, August 7th. Finally, Telsey Advisory Group boosted their price objective on Westrock Coffee from $10.00 to $11.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th.

Institutional Trading of Westrock Coffee

Several hedge funds have recently made changes to their positions in the business. Agman Capital LLC purchased a new position in Westrock Coffee in the fourth quarter worth about $3,007,000. BlackRock Inc. bought a new stake in shares of Westrock Coffee in the 2nd quarter valued at approximately $22,500,000. Piedmont Capital Management LLC NC purchased a new position in shares of Westrock Coffee in the 4th quarter worth approximately $645,000. Algert Global LLC purchased a new position in shares of Westrock Coffee in the 2nd quarter worth approximately $2,816,000. Finally, Jupiter Topco LLC bought a new position in shares of Westrock Coffee during the 2nd quarter valued at approximately $1,656,000. 45.08% of the stock is currently owned by hedge funds and other institutional investors.

Westrock Coffee Stock Up 1.8%

Shares of NASDAQ WEST opened at $7.84 on Tuesday. The firm’s fifty day moving average is $7.89 and its 200 day moving average is $6.92. Westrock Coffee has a 52 week low of $3.59 and a 52 week high of $10.19. The company has a market cap of $765.42 million, a price-to-earnings ratio of -11.88 and a beta of 0.89.

Westrock Coffee (NASDAQ:WEST) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The firm had revenue of $305.66 million for the quarter, compared to the consensus estimate of $318.80 million. Westrock Coffee had a negative net margin of 4.88% and a negative return on equity of 2,145.68%. Equities research analysts anticipate that Westrock Coffee will post -0.22 earnings per share for the current year.

About Westrock Coffee

Westrock Coffee Company (NASDAQ: WEST) is a global provider of integrated coffee, tea, flavor, extract and ready-to-drink beverage solutions. The company sources, develops, manufactures and distributes beverage products for businesses seeking customized offerings and end-to-end supply-chain support.

Its products and services include roasted and soluble coffee, tea, ready-to-drink beverages, flavors, extracts and related ingredients. Westrock Coffee also provides beverage equipment, brewing systems, packaging, product development and logistics services.