Westrock Coffee Company (NASDAQ:WEST) Given Average Rating of "Buy" by Analysts

Key Points

• Westrock Coffee Company has received an average rating of "Buy" from five research analysts, with a target price of $10.60.
• Institutional investors own approximately 45.08% of Westrock Coffee's stock, with significant recent increases in stakes from firms like Millennium Management LLC and Vanguard Group Inc.
• Despite a 12-month high of $9.70, Westrock Coffee's stock is currently trading around $6.23, reflecting a downward trend of 1.3%.

Westrock Coffee Company (NASDAQ:WEST - Get Free Report) has been given an average rating of "Buy" by the five ratings firms that are currently covering the stock, MarketBeat Ratings reports. Five research analysts have rated the stock with a buy rating. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $10.60.

Several equities research analysts have recently weighed in on WEST shares. Telsey Advisory Group reiterated an "outperform" rating and set a $10.00 price objective on shares of Westrock Coffee in a research report on Tuesday, August 5th. Stifel Nicolaus decreased their price objective on shares of Westrock Coffee from $12.00 to $10.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Wall Street Zen cut shares of Westrock Coffee from a "hold" rating to a "sell" rating in a report on Saturday, August 9th.

Institutional Investors Weigh In On Westrock Coffee

Several hedge funds and other institutional investors have recently bought and sold shares of WEST. Millennium Management LLC increased its stake in Westrock Coffee by 198.9% in the fourth quarter. Millennium Management LLC now owns 589,450 shares of the company's stock valued at $3,784,000 after purchasing an additional 392,214 shares in the last quarter. Krilogy Financial LLC bought a new stake in Westrock Coffee in the second quarter valued at $1,146,000. Vanguard Group Inc. increased its stake in Westrock Coffee by 4.9% in the first quarter. Vanguard Group Inc. now owns 2,950,639 shares of the company's stock valued at $21,304,000 after purchasing an additional 137,646 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Westrock Coffee in the fourth quarter valued at $840,000. Finally, Jane Street Group LLC increased its stake in Westrock Coffee by 1,019.7% in the second quarter. Jane Street Group LLC now owns 116,451 shares of the company's stock valued at $667,000 after purchasing an additional 106,051 shares in the last quarter. 45.08% of the stock is owned by institutional investors.

Westrock Coffee Trading Down 1.3%

WEST opened at $6.23 on Thursday. Westrock Coffee has a twelve month low of $5.28 and a twelve month high of $9.70. 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 company has a fifty day moving average of $6.45 and a 200-day moving average of $6.50. The stock has a market cap of $590.04 million, a PE ratio of -6.63 and a beta of 0.53.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($0.12) earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $280.86 million during the quarter, compared to analysts' expectations of $238.34 million. On average, sell-side analysts predict that Westrock Coffee will post -0.3 EPS for the current year.

Westrock Coffee Company Profile

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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