Westrock Coffee Company (NASDAQ:WEST) Receives Consensus Recommendation of "Buy" from Brokerages

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%.

Shares of Westrock Coffee Company (NASDAQ:WEST - Get Free Report) have been given a consensus recommendation of "Buy" by the five analysts that are presently covering the firm, MarketBeat reports. Five research analysts have rated the stock with a buy recommendation. The average 12-month target price among brokers that have issued a report on the stock in the last year is $10.60.

A number of equities analysts have recently weighed in on the company. Telsey Advisory Group reiterated an "outperform" rating and issued a $10.00 target price on shares of Westrock Coffee in a report on Tuesday, August 5th. Wall Street Zen upgraded Westrock Coffee from a "sell" rating to a "hold" rating in a report on Friday.

Hedge Funds Weigh In On Westrock Coffee

Hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new position in Westrock Coffee in the fourth quarter worth approximately $37,000. EverSource Wealth Advisors LLC increased its holdings in Westrock Coffee by 199.0% in the second 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 last quarter. HHM Wealth Advisors LLC increased its holdings in Westrock Coffee by 130.9% in the first 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 last quarter. State of Wyoming acquired a new position in Westrock Coffee in the first quarter worth approximately $62,000. Finally, Magnetar Financial LLC acquired a new position in Westrock Coffee in the second quarter worth approximately $65,000. Institutional investors and hedge funds own 45.08% of the company's stock.

Westrock Coffee Stock Down 6.2%

Shares of WEST traded down $0.39 during trading hours on Thursday, reaching $5.93. The company's stock had a trading volume of 635,952 shares, compared to its average volume of 558,648. The firm has a market cap of $561.63 million, a price-to-earnings ratio of -6.31 and a beta of 0.53. Westrock Coffee has a 1-year low of $5.28 and a 1-year 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 50 day moving average of $6.41 and a two-hundred day moving average of $6.49.

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

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.