Westrock Coffee Company (NASDAQ:WEST) Stock Has Consensus Target Price of $10.00 According to Analysts

Key Points

• Analysts have a consensus “Hold” rating on Westrock Coffee, with three buys, one hold and one sell among five analysts. The average 12-month price target is $10.00, compared with the stock’s recent price of $8.18.
• Institutional investors own 45.08% of the company, with BlackRock and several other firms recently establishing new positions.
• Westrock Coffee reported a quarterly loss of $0.10 per share, missing the $0.07 consensus estimate, while revenue of $305.66 million also fell short of analyst expectations.

Shares of Westrock Coffee Company (NASDAQ:WEST - Get Free Report) have received a consensus recommendation of "Hold" from the five brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $10.00.

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

Institutional Investors Weigh In On Westrock Coffee

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of Westrock Coffee in the second quarter worth $22,500,000. Agman Capital LLC bought a new stake in Westrock Coffee during the 4th quarter worth about $3,007,000. Jupiter Topco LLC acquired a new position in shares of Westrock Coffee during the 2nd quarter worth about $1,656,000. Algert Global LLC acquired a new stake in shares of Westrock Coffee in the second quarter valued at about $2,816,000. Finally, Piedmont Capital Management LLC NC bought a new stake in Westrock Coffee during the fourth quarter worth about $645,000. Institutional investors own 45.08% of the company's stock.

Westrock Coffee Price Performance

Westrock Coffee stock opened at $8.18 on Friday. The firm has a market capitalization of $798.61 million, a price-to-earnings ratio of -12.39 and a beta of 0.88. The company's 50 day simple moving average is $8.06 and its 200 day simple moving average is $7.41. Westrock Coffee has a fifty-two week low of $3.59 and a fifty-two week high of $10.19.

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

About Westrock Coffee

Westrock Coffee Company is a global integrated coffee, tea, flavors, extracts and ready-to-drink beverage solutions provider. The company works with businesses to develop, source, process, package and distribute beverage products, offering solutions that can include roasted and ground coffee, single-serve formats, tea, liquid and dry extracts, flavors, and ready-to-drink beverages.

Westrock Coffee serves a range of customers, including restaurants, convenience stores, hospitality companies, retailers, consumer packaged goods manufacturers and other foodservice operators.

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