Westrock Coffee (NASDAQ:WEST) Stock Price Up 7.9% - What's Next?

Key Points

• Westrock Coffee shares jumped 7.9% to approximately $9.88, though trading volume was 90% below the average session level.
• Analyst sentiment is mixed: three analysts rate the stock a Buy, one a Hold, and one a Sell. The consensus rating is Hold, with an average price target of $10.00; Telsey recently raised its target to $11.00.
• The company’s latest quarterly results missed expectations, with a $0.10 per-share loss versus the projected $0.07 loss and revenue of $305.66 million versus the $318.80 million estimate. Analysts expect a full-year loss of $0.22 per share.

Westrock Coffee Company (NASDAQ:WEST - Get Free Report) shares shot up 7.9% during trading on Thursday. The stock traded as high as $9.79 and last traded at $9.8840. 47,705 shares changed hands during mid-day trading, a decline of 90% from the average session volume of 485,363 shares. The stock had previously closed at $9.16.

Analysts Set New Price Targets

WEST has been the topic of several research reports. Benchmark reissued a "buy" rating on shares of Westrock Coffee in a research report on Monday, August 31st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Westrock Coffee in a report on Tuesday, August 4th. Stifel Nicolaus set a $9.00 target price on shares of Westrock Coffee in a research note on Friday, August 7th. Finally, Telsey Advisory Group boosted their target price on shares of Westrock Coffee from $10.00 to $11.00 and gave the company an "outperform" rating in a research note on Wednesday, August 19th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Westrock Coffee presently has a consensus rating of "Hold" and an average target price of $10.00.

Westrock Coffee Price Performance

The company has a 50-day simple moving average of $8.11 and a two-hundred day simple moving average of $7.68. The stock has a market capitalization of $946.03 million, a price-to-earnings ratio of -14.68 and a beta of 0.88.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last announced its quarterly earnings results 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). The firm had revenue of $305.66 million for the quarter, compared to analyst estimates of $318.80 million. Westrock Coffee had a negative net margin of 4.88% and a negative return on equity of 2,145.68%. Research analysts anticipate that Westrock Coffee Company will post -0.22 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Group One Trading LLC bought a new position in Westrock Coffee in the 2nd quarter worth approximately $27,000. Legal & General Group Plc bought a new stake in Westrock Coffee during the 2nd quarter valued at $30,000. Quantbot Technologies LP bought a new stake in Westrock Coffee during the 2nd quarter valued at $39,000. Summit Asset Management LLC bought a new stake in Westrock Coffee during the 2nd quarter valued at $87,000. Finally, Sequoia Financial Advisors LLC acquired a new position in Westrock Coffee during the 2nd quarter worth $88,000. Institutional investors own 45.08% of the company's stock.

About Westrock Coffee

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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