Westrock Coffee (NASDAQ:WEST) Receives “Outperform” Rating from Telsey Advisory Group

Telsey Advisory Group reiterated their outperform rating on shares of Westrock Coffee (NASDAQ:WEST) in a research report report published on Monday, Benzinga reports. The brokerage currently has a $13.00 price objective on the stock.

Separately, Benchmark raised their price target on shares of Westrock Coffee from $11.00 to $12.00 and gave the stock a buy rating in a report on Wednesday, March 13th.

Westrock Coffee Price Performance

WEST stock opened at $10.67 on Monday. Westrock Coffee has a one year low of $6.88 and a one year high of $11.91. The firm has a 50-day moving average of $10.05 and a two-hundred day moving average of $9.77. The firm has a market capitalization of $939.32 million, a PE ratio of -19.05 and a beta of 0.46. The company has a current ratio of 1.31, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96.

Westrock Coffee (NASDAQ:WEST) last posted its quarterly earnings data on Tuesday, March 12th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.06). The firm had revenue of $214.97 million for the quarter, compared to analysts’ expectations of $222.20 million. Westrock Coffee had a negative return on equity of 41.02% and a negative net margin of 4.05%. On average, analysts forecast that Westrock Coffee will post -0.04 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of WEST. Silverleafe Capital Partners LLC bought a new position in Westrock Coffee during the third quarter valued at about $36,640,000. NFC Investments LLC bought a new stake in shares of Westrock Coffee during the 4th quarter worth $35,416,000. FMR LLC grew its stake in Westrock Coffee by 30.0% in the 3rd quarter. FMR LLC now owns 1,640,254 shares of the company’s stock valued at $14,533,000 after buying an additional 378,866 shares during the last quarter. Raymond James & Associates raised its holdings in Westrock Coffee by 70.0% in the 3rd quarter. Raymond James & Associates now owns 272,544 shares of the company’s stock worth $2,415,000 after acquiring an additional 112,254 shares during the period. Finally, Stephens Inc. AR raised its holdings in Westrock Coffee by 197.7% in the 4th quarter. Stephens Inc. AR now owns 138,532 shares of the company’s stock worth $1,414,000 after acquiring an additional 92,000 shares during the period. Institutional investors own 45.08% of the company’s stock.

Westrock Coffee Company Profile

Westrock Coffee Company, LLC operates as an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the United States and internationally. It operates through two segments, Beverage Solutions, and Sustainable Sourcing & Traceability (SS&T). The Beverage Solutions segment provides various packaging, including branded and private label coffee in bags, fractional packs, and single serve cups, as well as extract solutions for applications in cold brew and ready-to-drink offerings.