Westrock Coffee Company (NASDAQ:WEST) Receives Average Recommendation of “Hold” from Brokerages

Westrock Coffee Company (NASDAQ:WEST) has received an average recommendation of “Hold” from the five research firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $10.00.

WEST has been the topic of several research reports. Stifel Nicolaus set a $9.00 price objective on Westrock Coffee in a research report on Friday, August 7th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Westrock Coffee in a report on Tuesday, August 4th. Telsey Advisory Group boosted their target price on shares of Westrock Coffee from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday, August 19th. Finally, Benchmark reaffirmed a “buy” rating on shares of Westrock Coffee in a research report on Monday, August 31st.

Westrock Coffee Stock Performance

Shares of Westrock Coffee stock opened at $7.69 on Tuesday. Westrock Coffee has a 52-week low of $3.59 and a 52-week high of $10.19. The stock has a market capitalization of $750.77 million, a price-to-earnings ratio of -11.65 and a beta of 0.89. The company’s 50 day moving average price is $7.94 and its 200-day moving average price is $7.04.

Westrock Coffee (NASDAQ:WEST) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.03). The firm had revenue of $305.66 million for the quarter, compared to the consensus estimate of $318.80 million. Westrock Coffee had a negative net margin of 4.88% and a negative return on equity of 2,145.68%. As a group, equities research analysts forecast that Westrock Coffee will post -0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Westrock Coffee

A number of hedge funds and other institutional investors have recently bought and sold shares of WEST. Group One Trading LLC bought a new position in Westrock Coffee during the 2nd quarter valued at approximately $27,000. Legal & General Group Plc bought a new position in shares of Westrock Coffee during the second quarter valued at $30,000. Quantbot Technologies LP purchased a new position in shares of Westrock Coffee in the 2nd quarter worth about $39,000. Waterloo Capital L.P. bought a new position in Westrock Coffee in the 4th quarter worth about $43,000. Finally, Summit Asset Management LLC bought a new position in Westrock Coffee in the 2nd quarter worth about $87,000. Hedge funds and other institutional investors own 45.08% of the company’s stock.

Westrock Coffee Company Profile

Westrock Coffee Company (NASDAQ: WEST) is a global provider of integrated coffee, tea, flavor, extract and ready-to-drink beverage solutions. The company sources, develops, manufactures and distributes beverage products for businesses seeking customized offerings and end-to-end supply-chain support.

Its products and services include roasted and soluble coffee, tea, ready-to-drink beverages, flavors, extracts and related ingredients. Westrock Coffee also provides beverage equipment, brewing systems, packaging, product development and logistics services.