Quantinno Capital Management LP Lowers Stock Position in Westrock Coffee Company $WEST

Quantinno Capital Management LP decreased its holdings in shares of Westrock Coffee Company (NASDAQ:WEST) by 44.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 90,721 shares of the company’s stock after selling 71,946 shares during the period. Quantinno Capital Management LP owned approximately 0.09% of Westrock Coffee worth $386,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of WEST. Group One Trading LLC purchased a new stake in shares of Westrock Coffee in the first quarter valued at approximately $26,000. EverSource Wealth Advisors LLC grew its holdings in Westrock Coffee by 199.0% during the second quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company’s stock worth $36,000 after acquiring an additional 4,136 shares during the period. BNP Paribas Financial Markets raised its position in Westrock Coffee by 79.2% in the third quarter. BNP Paribas Financial Markets now owns 7,782 shares of the company’s stock worth $38,000 after acquiring an additional 3,439 shares in the last quarter. Waterloo Capital L.P. purchased a new position in Westrock Coffee in the fourth quarter worth $43,000. Finally, Mercer Global Advisors Inc. ADV purchased a new position in Westrock Coffee in the fourth quarter worth $47,000. 45.08% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on WEST shares. Weiss Ratings restated a “sell (d-)” rating on shares of Westrock Coffee in a research report on Tuesday, August 4th. Telsey Advisory Group increased their price target on shares of Westrock Coffee from $10.00 to $11.00 and gave the company an “outperform” rating in a report on Wednesday. Stifel Nicolaus set a $9.00 price objective on shares of Westrock Coffee in a research note on Friday, August 7th. Benchmark boosted their price objective on shares of Westrock Coffee from $8.00 to $10.00 and gave the stock a “buy” rating in a report on Monday, May 11th. Finally, Zacks Research raised shares of Westrock Coffee from a “strong sell” rating to a “hold” rating in a report on Monday, May 11th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Westrock Coffee has a consensus rating of “Hold” and an average price target of $10.00.

Westrock Coffee Price Performance

Shares of Westrock Coffee stock opened at $8.32 on Friday. Westrock Coffee Company has a 1 year low of $3.59 and a 1 year high of $10.19. The business has a 50 day moving average price of $8.10 and a 200 day moving average price of $6.58. The company has a market capitalization of $812.28 million, a P/E ratio of -12.61 and a beta of 0.90.

Westrock Coffee (NASDAQ:WEST) last announced its earnings results on Thursday, August 6th. The company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.03). Westrock Coffee had a negative net margin of 4.88% and a negative return on equity of 2,145.68%. The company had revenue of $305.66 million for the quarter, compared to analyst estimates of $318.80 million. As a group, research analysts expect that Westrock Coffee Company will post -0.22 EPS for the current fiscal year.

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.