Westrock Coffee’s (WEST) “Outperform” Rating Reiterated at Telsey Advisory Group

Telsey Advisory Group reissued their outperform rating on shares of Westrock Coffee (NASDAQ:WEST) in a research note published on Friday, Benzinga reports. The brokerage currently has a $14.00 target price on the stock.

Separately, Benchmark reiterated a buy rating and issued a $12.00 price target on shares of Westrock Coffee in a research note on Monday, May 13th.

Westrock Coffee Trading Down 0.5 %

NASDAQ WEST opened at $10.23 on Friday. The firm’s 50-day moving average is $10.32 and its two-hundred day moving average is $10.18. Westrock Coffee has a 12 month low of $6.88 and a 12 month high of $11.89. The company has a debt-to-equity ratio of 2.99, a current ratio of 1.24 and a quick ratio of 0.60. The stock has a market capitalization of $900.59 million, a P/E ratio of -14.61 and a beta of 0.46.

Westrock Coffee (NASDAQ:WEST) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.11). The business had revenue of $192.50 million for the quarter, compared to analyst estimates of $200.60 million. Westrock Coffee had a negative return on equity of 41.49% and a negative net margin of 6.33%. On average, sell-side analysts anticipate that Westrock Coffee will post -0.07 earnings per share for the current year.

Institutional Trading of Westrock Coffee

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Horrell Capital Management Inc. lifted its stake in Westrock Coffee by 2.5% during the fourth quarter. Horrell Capital Management Inc. now owns 84,424 shares of the company’s stock worth $862,000 after purchasing an additional 2,094 shares during the last quarter. Gladius Capital Management LP bought a new position in Westrock Coffee during the third quarter worth $29,000. Hexagon Capital Partners LLC bought a new position in Westrock Coffee during the first quarter worth $41,000. DAVENPORT & Co LLC lifted its stake in Westrock Coffee by 3.1% during the fourth quarter. DAVENPORT & Co LLC now owns 163,640 shares of the company’s stock worth $1,671,000 after purchasing an additional 4,965 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its stake in Westrock Coffee by 807.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 9,397 shares of the company’s stock worth $96,000 after purchasing an additional 8,361 shares during the last quarter. 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.