Jupiter Topco LLC Invests $1.66 Million in Westrock Coffee Company $WEST

Key Points

• Jupiter Topco LLC acquired 204,235 Westrock Coffee shares worth approximately $1.66 million, representing about 0.21% of the company. Institutional investors collectively own 45.08% of Westrock Coffee.
• Westrock Coffee’s shares opened at $7.75, compared with a 52-week range of $3.59 to $10.19. The company reported quarterly revenue of $305.66 million and an EPS loss of $0.10, missing analyst expectations.
• Analyst sentiment is mixed, with three Buy ratings, one Hold and one Sell; the consensus rating is Hold with an average price target of $10.00.

Jupiter Topco LLC acquired a new position in shares of Westrock Coffee Company (NASDAQ:WEST - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 204,235 shares of the company's stock, valued at approximately $1,656,000. Jupiter Topco LLC owned about 0.21% of Westrock Coffee as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Hsbc Holdings PLC purchased a new position in shares of Westrock Coffee in the 2nd quarter worth about $464,000. Legal & General Group Plc acquired a new stake in Westrock Coffee in the second quarter worth approximately $30,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Westrock Coffee during the second quarter worth $90,000. Group One Trading LLC purchased a new stake in Westrock Coffee in the 2nd quarter worth about $27,000. Finally, Algert Global LLC bought a new stake in shares of Westrock Coffee in the 2nd quarter valued at approximately $2,816,000. Hedge funds and other institutional investors own 45.08% of the company's stock.

Westrock Coffee Stock Performance

Shares of WEST stock opened at $7.75 on Friday. Westrock Coffee Company has a 52 week low of $3.59 and a 52 week high of $10.19. The firm's 50-day simple moving average is $7.86 and its two-hundred day simple moving average is $6.79. The firm has a market cap of $756.63 million, a price-to-earnings ratio of -11.74 and a beta of 0.89.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.10) 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 business had revenue of $305.66 million for the quarter, compared to analysts' expectations of $318.80 million. Analysts forecast that Westrock Coffee Company will post -0.22 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Telsey Advisory Group lifted their target price 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. Weiss Ratings reiterated a "sell (d-)" rating on shares of Westrock Coffee in a report on Tuesday, August 4th. Zacks Research upgraded shares of Westrock Coffee from a "strong sell" rating to a "hold" rating in a research report on Monday, May 11th. Stifel Nicolaus set a $9.00 price objective on Westrock Coffee in a research note on Friday, August 7th. Finally, Benchmark reissued a "buy" rating on shares of Westrock Coffee in a research note on Monday. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Westrock Coffee presently has a consensus rating of "Hold" and an average target price of $10.00.

Westrock Coffee Company Profile

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.

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