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

Westrock Coffee (NASDAQ:WEST)‘s stock had its “outperform” rating restated by research analysts at Telsey Advisory Group in a research note issued on Tuesday,Benzinga reports. They presently have a $9.00 price target on the stock. Telsey Advisory Group’s target price indicates a potential upside of 43.77% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the stock. Stifel Nicolaus cut their price objective on shares of Westrock Coffee from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, April 24th. Benchmark reiterated a “buy” rating and issued a $10.00 price objective on shares of Westrock Coffee in a report on Wednesday, April 16th. Five equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $10.40.

Westrock Coffee Stock Performance

Shares of NASDAQ WEST opened at $6.26 on Tuesday. The stock’s 50-day moving average is $6.30 and its 200 day moving average is $6.62. The stock has a market cap of $589.87 million, a price-to-earnings ratio of -7.28 and a beta of 0.50. Westrock Coffee has a 1-year low of $5.28 and a 1-year high of $10.99. The company has a current ratio of 1.39, a quick ratio of 0.73 and a debt-to-equity ratio of 3.41.

Insider Activity

In other Westrock Coffee news, COO William A. Ford purchased 15,000 shares of the stock in a transaction on Friday, March 14th. The stock was acquired at an average price of $6.45 per share, with a total value of $96,750.00. Following the transaction, the chief operating officer now directly owns 476,190 shares of the company’s stock, valued at approximately $3,071,425.50. This trade represents a 3.25 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 42.10% of the company’s stock.

Hedge Funds Weigh In On Westrock Coffee

Several hedge funds have recently made changes to their positions in the business. Legacy Capital Wealth Partners LLC boosted its holdings in Westrock Coffee by 38.0% in the first quarter. Legacy Capital Wealth Partners LLC now owns 36,105 shares of the company’s stock valued at $261,000 after acquiring an additional 9,940 shares in the last quarter. Stephens Inc. AR raised its stake in Westrock Coffee by 3.8% in the first quarter. Stephens Inc. AR now owns 245,364 shares of the company’s stock worth $1,772,000 after buying an additional 9,000 shares in the last quarter. DAVENPORT & Co LLC raised its stake in Westrock Coffee by 2.4% in the first quarter. DAVENPORT & Co LLC now owns 244,470 shares of the company’s stock worth $1,765,000 after buying an additional 5,795 shares in the last quarter. Paragon Advisors LLC purchased a new stake in Westrock Coffee in the first quarter worth about $99,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Westrock Coffee by 44.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 61,851 shares of the company’s stock valued at $397,000 after acquiring an additional 18,972 shares in the last quarter. 45.08% of the stock is owned by hedge funds and other institutional investors.

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.