Westrock Coffee’s (WEST) “Sell (E+)” Rating Reiterated at Weiss Ratings

Weiss Ratings restated their sell (e+) rating on shares of Westrock Coffee (NASDAQ:WEST) in a research note released on Wednesday,Weiss Ratings reports.

Several other analysts also recently weighed in on WEST. Wall Street Zen raised Westrock Coffee from a “sell” rating to a “hold” rating in a report on Friday, August 22nd. Telsey Advisory Group reissued an “outperform” rating and issued a $10.00 target price on shares of Westrock Coffee in a report on Tuesday, August 5th. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Westrock Coffee presently has an average rating of “Moderate Buy” and an average target price of $10.00.

Westrock Coffee Stock Down 1.3%

Shares of NASDAQ WEST opened at $4.45 on Wednesday. The company has a market capitalization of $421.46 million, a price-to-earnings ratio of -4.73 and a beta of 0.48. The company has a debt-to-equity ratio of 23.42, a current ratio of 1.04 and a quick ratio of 0.50. The business has a 50-day moving average of $5.55 and a two-hundred day moving average of $6.16. Westrock Coffee has a 1 year low of $4.43 and a 1 year high of $8.29.

Westrock Coffee (NASDAQ:WEST) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.14) by $0.02. Westrock Coffee had a negative return on equity of 64.79% and a negative net margin of 9.28%.The company had revenue of $280.86 million during the quarter, compared to the consensus estimate of $238.34 million. On average, analysts forecast that Westrock Coffee will post -0.3 earnings per share for the current fiscal year.

Insider Transactions at Westrock Coffee

In related news, Director Joe T. Ford purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were purchased at an average price of $5.30 per share, for a total transaction of $26,500.00. Following the transaction, the director directly owned 413,916 shares of the company’s stock, valued at approximately $2,193,754.80. The trade was a 1.22% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 27.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Westrock Coffee

Institutional investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC increased its position in Westrock Coffee by 199.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company’s stock valued at $36,000 after acquiring an additional 4,136 shares during the period. HHM Wealth Advisors LLC increased its position in Westrock Coffee by 130.9% during the 1st quarter. HHM Wealth Advisors LLC now owns 8,080 shares of the company’s stock worth $58,000 after purchasing an additional 4,580 shares during the period. State of Wyoming acquired a new position in Westrock Coffee during the 1st quarter worth approximately $62,000. Magnetar Financial LLC acquired a new position in Westrock Coffee during the 2nd quarter worth approximately $65,000. Finally, Trexquant Investment LP acquired a new position in Westrock Coffee during the 1st quarter worth approximately $83,000. Institutional investors and hedge funds own 45.08% of the company’s stock.

Westrock Coffee Company Profile

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.