Weiss Ratings Reiterates "Sell (E+)" Rating for Westrock Coffee (NASDAQ:WEST)

Key Points

• Westrock Coffee has had its "sell (E+)" rating reaffirmed by Weiss Ratings, raising concerns among investors about the stock's future performance.
• Despite the negative outlook from Weiss, multiple analysts have rated the stock, with a consensus rating of "Moderate Buy" and a target price of $10.00 per share.
• Recent trading indicates volatility, with the stock price reaching $4.53 and a reported negative PE ratio of -4.82, reflecting underlying financial challenges.

Westrock Coffee (NASDAQ:WEST - Get Free Report)'s stock had its "sell (e+)" rating restated by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other equities research analysts have also commented on WEST. Telsey Advisory Group reissued an "outperform" rating and set a $10.00 price objective on shares of Westrock Coffee in a report on Tuesday, August 5th. Wall Street Zen raised shares of Westrock Coffee from a "sell" rating to a "hold" rating in a research note on Friday, August 22nd. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $10.00.

Westrock Coffee Price Performance

NASDAQ:WEST traded up $0.02 during mid-day trading on Wednesday, reaching $4.53. 194,468 shares of the company were exchanged, compared to its average volume of 360,325. Westrock Coffee has a 12 month low of $4.44 and a 12 month high of $8.29. The company has a fifty day moving average of $5.68 and a 200 day moving average of $6.21. The company has a quick ratio of 0.50, a current ratio of 1.04 and a debt-to-equity ratio of 23.42. The stock has a market cap of $429.04 million, a PE ratio of -4.82 and a beta of 0.48.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported ($0.12) EPS for the quarter, topping analysts' consensus estimates of ($0.14) by $0.02. Westrock Coffee had a negative net margin of 9.28% and a negative return on equity of 64.79%. The firm had revenue of $280.86 million for the quarter, compared to analyst estimates of $238.34 million. On average, research analysts anticipate that Westrock Coffee will post -0.3 EPS for the current fiscal year.

Insider Buying and Selling at Westrock Coffee

In other news, Director Joe T. Ford purchased 5,000 shares of the business's stock in a transaction that occurred on Tuesday, September 2nd. The shares were acquired at an average cost of $5.30 per share, for a total transaction of $26,500.00. Following the transaction, the director directly owned 413,916 shares of the company's stock, valued at approximately $2,193,754.80. The trade was a 1.22% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. 27.70% of the stock is owned by corporate insiders.

Institutional Trading of Westrock Coffee

Hedge funds have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC raised its holdings in Westrock Coffee by 199.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 6,214 shares of the company's stock worth $36,000 after buying an additional 4,136 shares during the period. HHM Wealth Advisors LLC raised its holdings in Westrock Coffee by 130.9% during the 1st quarter. HHM Wealth Advisors LLC now owns 8,080 shares of the company's stock worth $58,000 after buying an additional 4,580 shares during the period. State of Wyoming acquired a new stake in Westrock Coffee during the 1st quarter worth approximately $62,000. Magnetar Financial LLC acquired a new stake in Westrock Coffee during the 2nd quarter worth approximately $65,000. Finally, Savant Capital LLC acquired a new stake in Westrock Coffee during the 2nd quarter worth approximately $76,000. 45.08% of the stock is currently owned by institutional investors and hedge funds.

About Westrock Coffee

Westrock Coffee Company, LLC operates as an integrated coffee, tea, flavors, extracts, and ingredients solutions provider in the United States and internationally. It operates through two segments, Beverage Solutions, and Sustainable Sourcing & Traceability (SS&T). The Beverage Solutions segment provides various packaging, including branded and private label coffee in bags, fractional packs, and single serve cups, as well as extract solutions for applications in cold brew and ready-to-drink offerings.

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