Westrock Coffee (NASDAQ:WEST) Sets New 1-Year High - Should You Buy?

Key Points

• Westrock Coffee shares reached a new 52-week high of $10.19 and last traded near $9.97, up from a previous close of $9.67.
• Analyst sentiment is mixed: three analysts rate the stock Buy, one Hold and one Sell, producing an average rating of Hold and an average price target of $10.00. Telsey Advisory raised its target to $11.00.
• The company remains unprofitable, reporting a quarterly EPS loss of $0.10 versus the $0.07 expected and revenue of $305.66 million below forecasts; institutional investors own 45.08% of its shares.

Shares of Westrock Coffee Company (NASDAQ:WEST - Get Free Report) reached a new 52-week high on Friday. The company traded as high as $10.19 and last traded at $9.9650, with a volume of 48,891 shares trading hands. The stock had previously closed at $9.67.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Telsey Advisory Group boosted their price target on Westrock Coffee from $10.00 to $11.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 19th. Benchmark restated a "buy" rating on shares of Westrock Coffee in a research report on Monday, August 31st. Weiss Ratings restated a "sell (d-)" rating on shares of Westrock Coffee in a research report on Tuesday, August 4th. Finally, Stifel Nicolaus set a $9.00 price objective on shares of Westrock Coffee in a report on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $10.00.

Westrock Coffee Stock Up 0.2%

The firm has a market capitalization of $972.36 million, a price-to-earnings ratio of -15.09 and a beta of 0.88. The stock's 50-day moving average price is $8.29 and its 200 day moving average price is $6.85.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $305.66 million for the quarter, compared to analysts' expectations of $318.80 million. On average, sell-side analysts anticipate that Westrock Coffee Company will post -0.22 earnings per share for the current year.

Institutional Trading of Westrock Coffee

Hedge funds have recently bought and sold shares of the company. State of Wyoming acquired a new stake in Westrock Coffee in the third quarter worth about $138,000. State Street Corp boosted its holdings in shares of Westrock Coffee by 3.7% during the 2nd quarter. State Street Corp now owns 793,823 shares of the company's stock valued at $6,438,000 after acquiring an additional 28,318 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Westrock Coffee during the second quarter valued at $88,000. WINTON GROUP Ltd acquired a new stake in Westrock Coffee in the second quarter worth $100,000. Finally, Citadel Advisors LLC raised its holdings in 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 buying an additional 35,328 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 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.

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