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

Westrock Coffee Company (NASDAQ:WEST) has received a consensus rating of “Hold” from the five ratings firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating and three have assigned 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.

WEST has been the topic of several recent research reports. Zacks Research downgraded Westrock Coffee from a “hold” rating to a “strong sell” rating in a report on Friday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $7.00 price objective on shares of Westrock Coffee in a research note on Monday, March 9th. Wall Street Zen raised shares of Westrock Coffee from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings restated a “sell (e+)” rating on shares of Westrock Coffee in a research report on Wednesday, January 21st. Finally, Stifel Nicolaus reduced their price objective on shares of Westrock Coffee from $10.00 to $7.00 and set a “buy” rating on the stock in a research note on Wednesday, March 11th.

Westrock Coffee Trading Down 2.8%

Shares of NASDAQ WEST opened at $4.12 on Tuesday. The firm has a 50 day moving average price of $4.59 and a two-hundred day moving average price of $4.52. The stock has a market cap of $399.15 million, a P/E ratio of -4.34 and a beta of 0.50. Westrock Coffee has a 52-week low of $3.59 and a 52-week high of $7.92. The company has a debt-to-equity ratio of 37.87, a quick ratio of 0.48 and a current ratio of 0.96.

Westrock Coffee (NASDAQ:WEST) last issued its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $317.40 million. Westrock Coffee had a negative return on equity of 233.53% and a negative net margin of 7.61%. As a group, equities analysts forecast that Westrock Coffee will post -0.3 EPS for the current year.

Insider Buying and Selling

In other Westrock Coffee news, Director Joe T. Ford purchased 55,000 shares of the firm’s stock in a transaction on Tuesday, March 17th. The stock was purchased at an average cost of $4.60 per share, for a total transaction of $253,000.00. Following the acquisition, the director owned 533,916 shares in the company, valued at approximately $2,456,013.60. The trade was a 11.48% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 27.70% of the company’s stock.

Institutional Investors Weigh In On Westrock Coffee

A number of hedge funds have recently added to or reduced their stakes in WEST. Hsbc Holdings PLC bought a new position in shares of Westrock Coffee during the 4th quarter worth approximately $57,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Westrock Coffee during the 4th quarter valued at $47,000. Susquehanna Portfolio Strategies LLC bought a new position in Westrock Coffee during the fourth quarter worth $289,000. Private Capital Management LLC grew its holdings in Westrock Coffee by 33.3% in the fourth quarter. Private Capital Management LLC now owns 60,000 shares of the company’s stock worth $244,000 after purchasing an additional 15,000 shares during the period. Finally, Millennium Management LLC increased its stake in Westrock Coffee by 111.2% in the fourth quarter. Millennium Management LLC now owns 676,400 shares of the company’s stock valued at $2,753,000 after purchasing an additional 356,118 shares in the last quarter. 45.08% of the stock is currently 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.