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

Westrock Coffee Company (NASDAQ:WEST) has earned an average recommendation of “Hold” from the five research firms that are presently covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $10.00.

Several brokerages recently issued reports on WEST. Weiss Ratings reiterated a “sell (d-)” rating on shares of Westrock Coffee in a report on Tuesday, August 4th. Stifel Nicolaus set a $9.00 target price on Westrock Coffee in a report on Friday, August 7th. Benchmark reiterated a “buy” rating on shares of Westrock Coffee in a report on Monday, August 31st. Finally, 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 research report on Wednesday, August 19th.

Westrock Coffee Stock Performance

Westrock Coffee stock opened at $8.07 on Friday. The stock’s 50-day moving average is $8.05 and its 200-day moving average is $7.52. Westrock Coffee has a 12 month low of $3.59 and a 12 month high of $10.19.

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

Hedge Funds Weigh In On Westrock Coffee

Institutional investors have recently added to or reduced their stakes in the company. Group One Trading LLC acquired a new stake in Westrock Coffee during the 1st quarter valued at approximately $26,000. Legal & General Group Plc bought a new stake in shares of Westrock Coffee in the second quarter worth $30,000. Quantbot Technologies LP bought a new stake in shares of Westrock Coffee in the second quarter worth $39,000. Summit Asset Management LLC bought a new stake in shares of Westrock Coffee in the second quarter worth $87,000. Finally, Sequoia Financial Advisors LLC bought a new position in Westrock Coffee during the 2nd quarter valued at $88,000. Institutional investors and hedge funds own 45.08% of the company’s stock.

Westrock Coffee Company Profile

Westrock Coffee Company is a global integrated coffee, tea, flavors, extracts and ready-to-drink beverage solutions provider. The company works with businesses to develop, source, process, package and distribute beverage products, offering solutions that can include roasted and ground coffee, single-serve formats, tea, liquid and dry extracts, flavors, and ready-to-drink beverages.

Westrock Coffee serves a range of customers, including restaurants, convenience stores, hospitality companies, retailers, consumer packaged goods manufacturers and other foodservice operators.