Westrock Coffee (NASDAQ:WEST) Given “Outperform” Rating at Telsey Advisory Group

Telsey Advisory Group restated their outperform rating on shares of Westrock Coffee (NASDAQ:WEST) in a report released on Monday, Benzinga reports. They currently have a $13.00 target price on the stock.

Separately, Benchmark lifted their price objective on Westrock Coffee from $11.00 to $12.00 and gave the stock a buy rating in a research report on Wednesday, March 13th.

Westrock Coffee Stock Performance

Westrock Coffee stock opened at $10.59 on Monday. The company has a debt-to-equity ratio of 1.96, a current ratio of 1.31 and a quick ratio of 0.68. Westrock Coffee has a fifty-two week low of $6.88 and a fifty-two week high of $11.91. The stock’s fifty day moving average is $10.01 and its two-hundred day moving average is $9.74.

Westrock Coffee (NASDAQ:WEST) last issued its quarterly earnings data on Tuesday, March 12th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). The business had revenue of $214.97 million during the quarter, compared to analyst estimates of $222.20 million. Westrock Coffee had a negative net margin of 4.05% and a negative return on equity of 41.02%. Sell-side analysts forecast that Westrock Coffee will post -0.04 EPS for the current fiscal year.

Institutional Trading of Westrock Coffee

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

About Westrock Coffee

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.