Westrock Coffee Company (NASDAQ:WEST) Given Average Rating of “Hold” by Analysts

Shares of Westrock Coffee Company (NASDAQ:WEST) have been assigned a consensus rating of “Hold” from the five analysts that are currently covering the stock, MarketBeat.com reports. One equities research 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 twelve-month price target among brokers that have issued ratings on the stock in the last year is $9.00.

A number of analysts have recently weighed in on the stock. Stifel Nicolaus set a $8.00 target price on shares of Westrock Coffee in a research report on Friday, May 8th. Benchmark lifted their price target on shares of Westrock Coffee from $8.00 to $10.00 and gave the company a “buy” rating in a research report on Monday, May 11th. Wall Street Zen raised shares of Westrock Coffee from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Weiss Ratings upgraded shares of Westrock Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a 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 note on Monday, May 11th.

Westrock Coffee Trading Down 3.1%

WEST opened at $8.07 on Wednesday. The stock has a market cap of $781.81 million, a PE ratio of -10.76 and a beta of 0.78. The company has a quick ratio of 0.46, a current ratio of 0.97 and a debt-to-equity ratio of 37.87. The business has a 50 day moving average of $5.37 and a 200-day moving average of $4.73. Westrock Coffee has a 52 week low of $3.59 and a 52 week high of $8.98.

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

Insider Buying and Selling at Westrock Coffee

In related news, Director Joe T. Ford purchased 15,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average price of $8.50 per share, for a total transaction of $127,500.00. Following the purchase, the director directly owned 273,000 shares of the company’s stock, valued at approximately $2,320,500. This represents a 5.81% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In the last quarter, insiders purchased 131,500 shares of company stock valued at $695,995. Corporate insiders own 27.70% of the company’s stock.

Institutional Investors Weigh In On Westrock Coffee

Several hedge funds have recently added to or reduced their stakes in WEST. Bank of America Corp DE increased its holdings in shares of Westrock Coffee by 2.2% during the first quarter. Bank of America Corp DE now owns 69,801 shares of the company’s stock valued at $297,000 after acquiring an additional 1,477 shares in the last quarter. Group One Trading LLC bought a new position in Westrock Coffee in the 1st quarter worth about $26,000. Hsbc Holdings PLC grew its position in Westrock Coffee by 110.9% during the 1st quarter. Hsbc Holdings PLC now owns 29,811 shares of the company’s stock valued at $123,000 after purchasing an additional 15,676 shares during the last quarter. Lee Danner & Bass Inc. bought a new stake in Westrock Coffee during the 1st quarter valued at about $1,203,000. Finally, Inspire Investing LLC increased its stake in Westrock Coffee by 8.1% during the 1st quarter. Inspire Investing LLC now owns 125,038 shares of the company’s stock valued at $531,000 after purchasing an additional 9,319 shares in the last quarter. 45.08% of the stock is owned by institutional investors.

Westrock Coffee Company Profile

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.