Westrock Coffee (NASDAQ:WEST) Sets New 12-Month High – Should You Buy?

Westrock Coffee Company (NASDAQ:WEST)’s stock price reached a new 52-week high during mid-day trading on Thursday . The company traded as high as $9.92 and last traded at $9.9390, with a volume of 156238 shares traded. The stock had previously closed at $9.68.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on WEST shares. Telsey Advisory Group lifted their target price on Westrock Coffee from $7.00 to $9.00 and gave the company an “outperform” rating in a research report on Friday, May 8th. Benchmark upped their price target on Westrock Coffee from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Zacks Research raised shares of Westrock Coffee from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Wall Street Zen upgraded shares of Westrock Coffee from a “sell” rating to a “hold” rating in a report on Saturday, March 14th. Finally, Stifel Nicolaus set a $8.00 price objective on shares of Westrock Coffee in a research report on Friday, May 8th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Westrock Coffee has an average rating of “Hold” and an average target price of $9.00.

Westrock Coffee Price Performance

The company has a current ratio of 0.97, a quick ratio of 0.46 and a debt-to-equity ratio of 37.87. The company’s 50 day moving average is $7.73 and its 200-day moving average is $5.59. The firm has a market capitalization of $909.70 million, a price-to-earnings ratio of -12.52 and a beta of 0.90.

Westrock Coffee (NASDAQ:WEST) last posted its earnings results on Thursday, May 7th. The company reported ($0.04) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.09. Westrock Coffee had a negative return on equity of 2,145.68% and a negative net margin of 5.59%.The business had revenue of $308.83 million for the quarter, compared to analyst estimates of $285.12 million. Equities research analysts anticipate that Westrock Coffee Company will post -0.18 earnings per share for the current year.

Insider Activity at Westrock Coffee

In other news, Director Joe T. Ford bought 15,000 shares of the stock in a transaction dated Thursday, May 14th. The shares were bought at an average price of $8.50 per share, for a total transaction of $127,500.00. Following the completion of the purchase, the director owned 273,000 shares in the company, valued at approximately $2,320,500. This trade represents a 5.81% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders purchased a total of 34,500 shares of company stock valued at $290,715 over the last 90 days. 25.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Westrock Coffee

A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in shares of Westrock Coffee by 2.2% during the first quarter. Bank of America Corp DE now owns 69,801 shares of the company’s stock worth $297,000 after purchasing an additional 1,477 shares during the period. Group One Trading LLC acquired a new position in Westrock Coffee during the 1st quarter worth approximately $26,000. Hsbc Holdings PLC lifted its stake in shares of Westrock Coffee by 110.9% in the 1st quarter. Hsbc Holdings PLC now owns 29,811 shares of the company’s stock valued at $123,000 after acquiring an additional 15,676 shares during the last quarter. Lee Danner & Bass Inc. acquired a new stake in shares of Westrock Coffee during the first quarter valued at about $1,203,000. Finally, Inspire Investing LLC boosted its position in Westrock Coffee by 8.1% during the 1st quarter. Inspire Investing LLC now owns 125,038 shares of the company’s stock worth $531,000 after buying an additional 9,319 shares during the period. 45.08% of the stock is owned by institutional investors.

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.