Westrock Coffee Company (NASDAQ:WEST) Given Average Recommendation of “Hold” by Brokerages

Shares of Westrock Coffee Company (NASDAQ:WEST) have been assigned a consensus recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $9.00.

WEST has been the subject of several research reports. Telsey Advisory Group increased their target price on shares of Westrock Coffee from $7.00 to $9.00 and gave the company an “outperform” rating in a research note on Friday, May 8th. Wall Street Zen raised shares of Westrock Coffee from a “sell” rating to a “hold” rating in a research report on Saturday, March 14th. Benchmark increased their price target on shares of Westrock Coffee from $8.00 to $10.00 and gave the stock a “buy” rating in a research report on Monday, May 11th. Weiss Ratings raised shares of Westrock Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Finally, Zacks Research raised shares of Westrock Coffee from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th.

Westrock Coffee Stock Up 0.4%

NASDAQ WEST opened at $7.54 on Friday. The company has a debt-to-equity ratio of 37.87, a quick ratio of 0.46 and a current ratio of 0.97. The firm has a 50-day simple moving average of $6.40 and a 200 day simple moving average of $5.09. Westrock Coffee has a twelve month low of $3.59 and a twelve month high of $8.98. The stock has a market cap of $730.48 million, a PE ratio of -10.05 and a beta of 0.90.

Westrock Coffee (NASDAQ:WEST) last released its earnings results on Thursday, May 7th. The company reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.13) by $0.09. Westrock Coffee had a negative net margin of 5.59% and a negative return on equity of 2,145.68%. The business had revenue of $308.83 million during the quarter, compared to analysts’ expectations of $285.13 million. On average, research analysts forecast that Westrock Coffee will post -0.18 EPS for the current year.

Insider Transactions at Westrock Coffee

In other Westrock Coffee news, Director Joe T. Ford purchased 55,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 17th. The stock was purchased at an average price 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 of the company’s stock, valued at approximately $2,456,013.60. This trade represents a 11.48% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 134,500 shares of company stock valued at $720,115 over the last three months. Corporate insiders own 25.40% of the company’s stock.

Institutional Trading of Westrock Coffee

Hedge funds have recently modified their holdings of the company. Group One Trading LLC acquired a new stake in shares of Westrock Coffee during the first quarter worth approximately $26,000. EverSource Wealth Advisors LLC increased its holdings in shares of Westrock Coffee by 199.0% during the second quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company’s stock worth $36,000 after buying an additional 4,136 shares in the last quarter. BNP Paribas Financial Markets increased its holdings 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 worth $38,000 after buying an additional 3,439 shares in the last quarter. Waterloo Capital L.P. acquired a new stake in shares of Westrock Coffee during the fourth quarter worth approximately $43,000. Finally, Mercer Global Advisors Inc. ADV acquired a new stake in shares of Westrock Coffee during the fourth quarter worth approximately $47,000. Institutional investors and hedge funds own 45.08% of the company’s stock.

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.