Westrock Coffee Company (NASDAQ:WEST) Given Consensus Rating of “Hold” by Brokerages

Shares of Westrock Coffee Company (NASDAQ:WEST) have received an average recommendation of “Hold” from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $9.00.

A number of research firms have recently commented on WEST. Stifel Nicolaus set a $8.00 target price on shares of Westrock Coffee in a report on Friday, May 8th. Weiss Ratings upgraded shares of Westrock Coffee from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, May 7th. Zacks Research upgraded shares of Westrock Coffee from a “strong sell” rating to a “hold” rating in a research report on Monday, May 11th. Benchmark boosted their target price on shares of Westrock Coffee from $8.00 to $10.00 and gave the stock a “buy” rating in a research note on Monday, May 11th. Finally, Wall Street Zen upgraded shares of Westrock Coffee from a “sell” rating to a “hold” rating in a report on Saturday, March 14th.

Westrock Coffee Stock Performance

Shares of WEST stock opened at $7.54 on Thursday. Westrock Coffee has a fifty-two week low of $3.59 and a fifty-two week high of $10.19. The stock’s fifty day moving average price is $7.87 and its two-hundred day moving average price is $5.68. The company has a market cap of $730.47 million, a PE ratio of -10.05 and a beta of 0.90.

Westrock Coffee (NASDAQ:WEST) last posted its quarterly earnings results on Thursday, May 7th. The company reported ($0.04) EPS for the quarter, topping analysts’ consensus estimates of ($0.13) by $0.09. The company had revenue of $308.83 million during the quarter, compared to analysts’ expectations of $285.12 million. Westrock Coffee had a negative return on equity of 2,145.68% and a negative net margin of 5.59%. On average, equities analysts predict that Westrock Coffee will post -0.18 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Joe T. Ford bought 15,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was purchased at an average cost of $8.50 per share, for a total transaction of $127,500.00. Following the completion of the transaction, the director owned 273,000 shares of the company’s stock, valued at $2,320,500. This trade represents a 5.81% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders bought 34,500 shares of company stock valued at $290,715 in the last ninety days. 25.40% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Group One Trading LLC acquired a new stake in Westrock Coffee during the 1st quarter worth approximately $26,000. 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. BNP Paribas Financial Markets increased its position in Westrock Coffee by 79.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 7,782 shares of the company’s stock valued at $38,000 after acquiring an additional 3,439 shares during the period. Waterloo Capital L.P. bought a new position in shares of Westrock Coffee during the fourth quarter valued at $43,000. Finally, Mercer Global Advisors Inc. ADV acquired a new position in shares of Westrock Coffee during the fourth quarter worth $47,000. Institutional investors and hedge funds own 45.08% of the company’s stock.

About Westrock Coffee

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.