Westrock Coffee Company (WEST) - What Are Analysts Thinking About This Stock?

Key Points

• Analyst opinion is mixed but averages to “Hold”: Of five analysts covering Westrock Coffee, three rate it Buy, one Hold, and one Sell; the average 12-month price target is $10.
• The company’s latest reported quarter missed expectations, with adjusted earnings of -$0.10 per share versus a -$0.07 consensus and revenue of $305.66 million versus an expected $318.80 million.
• WEST opened at $9.47, within its 12-month range of $3.59 to $10.19, while institutional investors own 45.08% of the stock.

Shares of Westrock Coffee Company (NASDAQ:WEST - Get Free Report) have received an average recommendation of "Hold" from the five analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $10.00.

Several research firms have recently commented on WEST. Benchmark reaffirmed a "buy" rating on shares of Westrock Coffee in a report on Monday, August 31st. Stifel Nicolaus set a $9.00 price objective on shares of Westrock Coffee in a research note on Friday, August 7th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Westrock Coffee in a research note on Monday. Finally, Telsey Advisory Group raised their target price on shares of Westrock Coffee from $10.00 to $11.00 and gave the stock an "outperform" rating in a report on Wednesday, August 19th.

Institutional Trading of Westrock Coffee

Several hedge funds have recently made changes to their positions in the stock. State of Wyoming acquired a new stake in Westrock Coffee in the third quarter worth $138,000. State Street Corp lifted its stake in Westrock Coffee by 3.7% in the second quarter. State Street Corp now owns 793,823 shares of the company's stock valued at $6,438,000 after buying an additional 28,318 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in shares of Westrock Coffee during the second quarter valued at $88,000. WINTON GROUP Ltd acquired a new position in shares of Westrock Coffee during the second quarter valued at $100,000. Finally, Citadel Advisors LLC grew its position in shares of Westrock Coffee by 19.3% during the second quarter. Citadel Advisors LLC now owns 218,376 shares of the company's stock worth $1,771,000 after acquiring an additional 35,328 shares during the last quarter. Institutional investors own 45.08% of the company's stock.

Westrock Coffee Price Performance

Shares of WEST opened at $9.47 on Wednesday. The stock has a market capitalization of $924.56 million, a PE ratio of -14.35 and a beta of 0.84. The business's fifty day moving average price is $8.37 and its 200 day moving average price is $6.93. Westrock Coffee has a 12-month low of $3.59 and a 12-month high of $10.19.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last released 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). The business had revenue of $305.66 million for the quarter, compared to the consensus estimate of $318.80 million. Westrock Coffee had a negative net margin of 4.88% and a negative return on equity of 2,145.68%. As a group, research analysts anticipate that Westrock Coffee will post -0.22 earnings per share for the current fiscal year.

Westrock Coffee Company Profile

Westrock Coffee Company is a global provider of integrated coffee, tea, flavors, extracts and ready-to-drink beverage solutions. The company sources raw materials from producing regions, then provides processing, roasting, blending, extraction, packaging and distribution services for beverage brands and other commercial customers.

Its products and services support a range of beverage formats, including roasted and ground coffee, single-serve coffee, tea, liquid coffee and tea extracts, ready-to-drink beverages, and customized flavor systems.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.