Westrock Coffee Company (NASDAQ:WEST) Given Average Rating of "Hold" by Brokerages

Key Points

• Westrock Coffee has an average “Hold” rating from five analysts: three rate it a buy, one holds, and one recommends selling. The average 12-month price target is $10.00, above the reported share price of $8.29.
• The company’s latest quarterly results fell short of expectations, with an EPS loss of $0.10 versus the $0.07 expected and revenue of $305.66 million versus the $318.80 million consensus.
• Westrock Coffee shares were reported down 3.0%, while institutional investors owned 45.08% of the stock; analysts expect a full-year loss of approximately $0.22 per share.

Westrock Coffee Company (NASDAQ:WEST - Get Free Report) has been assigned an average recommendation of "Hold" from the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $10.00.

A number of research analysts have recently commented on WEST shares. Stifel Nicolaus set a $9.00 target price on Westrock Coffee in a research report on Friday, August 7th. Telsey Advisory Group upped their price target on shares of Westrock Coffee from $10.00 to $11.00 and gave the company an "outperform" rating in a research note on Wednesday. Benchmark increased their price objective on shares of Westrock Coffee from $8.00 to $10.00 and gave the company a "buy" rating in a research report on Monday, May 11th. Zacks Research raised shares of Westrock Coffee from a "strong sell" rating to a "hold" rating in a research note on Monday, May 11th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Westrock Coffee in a report on Tuesday, August 4th.

Westrock Coffee Stock Down 3.0%

WEST opened at $8.29 on Friday. The company has a market capitalization of $809.35 million, a PE ratio of -12.56 and a beta of 0.90. The firm has a 50-day simple moving average of $8.13 and a two-hundred day simple moving average of $6.57. Westrock Coffee has a 52 week low of $3.59 and a 52 week high of $10.19.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported ($0.10) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.03). The firm had revenue of $305.66 million during the quarter, compared to analysts' expectations of $318.80 million. Westrock Coffee had a negative return on equity of 2,145.68% and a negative net margin of 4.88%. As a group, sell-side analysts expect that Westrock Coffee will post -0.22 earnings per share for the current year.

Institutional Investors Weigh In On Westrock Coffee

Several large investors have recently added to or reduced their stakes in WEST. Bank of America Corp DE raised its stake in shares of Westrock Coffee by 2.2% in the first quarter. Bank of America Corp DE now owns 69,801 shares of the company's stock valued at $297,000 after acquiring an additional 1,477 shares during the period. Red Door Wealth Management LLC grew its holdings in Westrock Coffee by 7.7% during the 1st quarter. Red Door Wealth Management LLC now owns 28,000 shares of the company's stock valued at $119,000 after purchasing an additional 2,000 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Westrock Coffee by 10.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,292 shares of the company's stock valued at $154,000 after purchasing an additional 2,003 shares during the last quarter. MetLife Investment Management LLC raised its position in Westrock Coffee by 14.9% in the 4th quarter. MetLife Investment Management LLC now owns 20,863 shares of the company's stock worth $85,000 after purchasing an additional 2,704 shares during the period. Finally, Alliancebernstein L.P. raised its position in Westrock Coffee by 10.1% in the 3rd quarter. Alliancebernstein L.P. now owns 31,720 shares of the company's stock worth $154,000 after purchasing an additional 2,900 shares during the period. 45.08% of the stock is owned by institutional investors.

Westrock Coffee Company Profile

Westrock Coffee Company is a global integrated coffee roaster and manufacturer that delivers end-to-end solutions across the coffee and tea supply chain. The company sources, roasts, blends, packages and distributes a diverse range of products, including hot and cold brew coffee, single-serve pods, instant and soluble coffee, tea, and specialty coffee extracts. Serving retail, convenience, foodservice and industrial customers, Westrock Coffee offers both private-label and co-packed branded products to meet the needs of supermarkets, quick-service restaurants, office coffee services and other channels.

Since its founding in 2008, Westrock Coffee has grown through a combination of organic expansion and strategic acquisitions to establish manufacturing facilities across North America, Latin America and Europe.

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