Westrock Coffee Company (NASDAQ:WEST) Receives Average Rating of "Hold" from Brokerages

Key Points

• Analysts give Westrock Coffee an average “Hold” rating: three rate it a buy, one a hold and one a sell. The average 12-month price target is $10.00, compared with the stock’s opening price of $7.84.
• Westrock’s latest quarterly results fell short of expectations, with an adjusted loss of $0.10 per share versus the $0.07 consensus estimate and revenue of $305.66 million versus $318.80 million expected.
• Institutional investors own 45.08% of the company, with BlackRock and several other firms recently establishing new positions in Westrock Coffee.

Shares of Westrock Coffee Company (NASDAQ:WEST - Get Free Report) have earned an average rating of "Hold" from the five analysts that are presently 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 12 month target price among analysts that have issued ratings on the stock in the last year is $10.00.

A number of equities analysts recently commented on the company. Stifel Nicolaus set a $9.00 price objective on Westrock Coffee in a research note on Friday, August 7th. Telsey Advisory Group boosted their price objective on Westrock Coffee from $10.00 to $11.00 and gave the stock an "outperform" rating in a report on Wednesday, August 19th. Benchmark reissued a "buy" rating on shares of Westrock Coffee in a research report on Monday, August 31st. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Westrock Coffee in a research note on Tuesday, August 4th.

Westrock Coffee Trading Up 1.8%

WEST opened at $7.84 on Tuesday. Westrock Coffee has a 1-year low of $3.59 and a 1-year high of $10.19. The company has a market cap of $765.42 million, a P/E ratio of -11.88 and a beta of 0.89. The company's 50 day moving average is $7.89 and its 200-day moving average is $6.92.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $305.66 million during the quarter, compared to analyst estimates of $318.80 million. On average, equities analysts forecast that Westrock Coffee will post -0.22 EPS for the current year.

Hedge Funds Weigh In On Westrock Coffee

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in shares of Westrock Coffee in the second quarter valued at $22,500,000. Agman Capital LLC bought a new position in shares of Westrock Coffee in the fourth quarter worth approximately $3,007,000. Bank of America Corp DE bought a new position in shares of Westrock Coffee in the 2nd quarter worth $3,049,000. Algert Global LLC purchased a new stake in Westrock Coffee during the second quarter valued at about $2,816,000. Finally, Lee Danner & Bass Inc. purchased a new position in shares of Westrock Coffee in the 1st quarter worth about $1,203,000. Institutional investors own 45.08% of the company's stock.

About Westrock Coffee

Westrock Coffee Company NASDAQ: WEST is a global provider of integrated coffee, tea, flavor, extract and ready-to-drink beverage solutions. The company sources, develops, manufactures and distributes beverage products for businesses seeking customized offerings and end-to-end supply-chain support.

Its products and services include roasted and soluble coffee, tea, ready-to-drink beverages, flavors, extracts and related ingredients. Westrock Coffee also provides beverage equipment, brewing systems, packaging, product development and logistics services.

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