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

Shares of Westrock Coffee Company (NASDAQ:WEST) have earned a consensus recommendation of “Hold” from the five brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $9.00.

A number of equities research analysts recently commented on WEST shares. Zacks Research raised shares of Westrock Coffee from a “strong sell” rating to a “hold” rating in a research note on Monday, May 11th. Benchmark increased their price objective on shares of Westrock Coffee from $8.00 to $10.00 and gave the company a “buy” rating in a research note on Monday, May 11th. Telsey Advisory Group raised their price target on shares of Westrock Coffee from $7.00 to $9.00 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Wall Street Zen raised shares of Westrock Coffee from a “sell” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Stifel Nicolaus set a $8.00 price target on shares of Westrock Coffee in a research note on Friday, May 8th.

Westrock Coffee Price Performance

Shares of NASDAQ WEST opened at $9.50 on Friday. The stock has a market cap of $920.35 million, a price-to-earnings ratio of -12.67 and a beta of 0.90. Westrock Coffee has a 52 week low of $3.59 and a 52 week high of $9.81. The company’s 50-day moving average price is $6.86 and its 200 day moving average price is $5.24. The company has a current ratio of 0.97, a quick ratio of 0.46 and a debt-to-equity ratio of 37.87.

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

Insider Activity

In other news, Director Joe T. Ford purchased 15,000 shares of the firm’s stock in a transaction on Thursday, May 14th. The shares were bought at an average cost of $8.50 per share, with a total value 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 trade represents a 5.81% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have bought 89,500 shares of company stock worth $543,715. 25.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Westrock Coffee

Hedge funds have recently modified their holdings of the company. Agman Capital LLC acquired a new stake in shares of Westrock Coffee during the 4th quarter worth about $3,007,000. Red Door Wealth Management LLC boosted its stake in shares of Westrock Coffee by 7.7% during the 1st quarter. Red Door Wealth Management LLC now owns 28,000 shares of the company’s stock worth $119,000 after purchasing an additional 2,000 shares during the last quarter. Piedmont Capital Management LLC NC acquired a new stake in shares of Westrock Coffee during the 4th quarter worth about $645,000. Waterloo Capital L.P. purchased a new position in shares of Westrock Coffee during the 4th quarter worth about $43,000. Finally, Lathrop Investment Management Co. lifted its holdings in shares of Westrock Coffee by 29.6% during the 4th quarter. Lathrop Investment Management Co. now owns 23,615 shares of the company’s stock worth $96,000 after acquiring an additional 5,400 shares during the period. 45.08% of the stock is owned by institutional investors and hedge funds.

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.