Westrock Coffee Company (NASDAQ:WEST) Receives Consensus Rating of “Hold” from Analysts

Shares of Westrock Coffee Company (NASDAQ:WEST) have been assigned a consensus recommendation of “Hold” from the five ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell rating and three have given a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $8.00.

A number of brokerages have recently commented on WEST. Zacks Research lowered Westrock Coffee from a “hold” rating to a “strong sell” rating in a report on Friday, March 20th. Wall Street Zen raised shares of Westrock Coffee from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Telsey Advisory Group reiterated an “outperform” rating and set a $7.00 target price on shares of Westrock Coffee in a research note on Monday, March 9th. Weiss Ratings reissued a “sell (e+)” rating on shares of Westrock Coffee in a report on Wednesday, January 21st. Finally, Stifel Nicolaus decreased their price target on shares of Westrock Coffee from $10.00 to $7.00 and set a “buy” rating on the stock in a research report on Wednesday, March 11th.

Insider Buying and Selling at Westrock Coffee

In other news, Director Joe T. Ford bought 55,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 17th. The shares were acquired at an average cost of $4.60 per share, with a total value of $253,000.00. Following the completion of the transaction, the director directly 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 27.70% of the company’s stock.

Hedge Funds Weigh In On Westrock Coffee

Several large investors have recently added to or reduced their stakes in the company. EverSource Wealth Advisors LLC lifted its position in shares of Westrock Coffee by 199.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company’s stock worth $36,000 after acquiring an additional 4,136 shares during the period. BNP Paribas Financial Markets increased its position in shares of Westrock Coffee by 79.2% during the third quarter. BNP Paribas Financial Markets now owns 7,782 shares of the company’s stock valued at $38,000 after purchasing an additional 3,439 shares during the period. Waterloo Capital L.P. acquired a new position in shares of Westrock Coffee in the fourth quarter valued at $43,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Westrock Coffee in the fourth quarter valued at $47,000. Finally, Hexagon Capital Partners LLC bought a new position in Westrock Coffee in the fourth quarter worth $48,000. Institutional investors and hedge funds own 45.08% of the company’s stock.

Westrock Coffee Trading Up 0.8%

Westrock Coffee stock opened at $3.91 on Tuesday. The company has a debt-to-equity ratio of 37.87, a quick ratio of 0.48 and a current ratio of 0.96. The business’s 50-day simple moving average is $4.54 and its 200-day simple moving average is $4.49. The firm has a market capitalization of $378.80 million, a PE ratio of -4.12 and a beta of 0.49. Westrock Coffee has a 52 week low of $3.59 and a 52 week high of $7.92.

Westrock Coffee (NASDAQ:WEST) last announced its earnings results on Tuesday, March 10th. The company reported ($0.21) earnings per share for the quarter, missing the consensus estimate of ($0.10) by ($0.11). The business had revenue of $339.47 million for the quarter, compared to the consensus estimate of $317.40 million. Westrock Coffee had a negative net margin of 7.61% and a negative return on equity of 233.53%. Equities research analysts forecast that Westrock Coffee will post -0.3 earnings per share for the current year.

About Westrock Coffee

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.