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

Shares of Westrock Coffee Company (NASDAQ:WEST - Get Free Report) have been assigned a consensus recommendation of "Buy" from the five analysts that are currently covering the firm, MarketBeat reports. Five analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $10.40.

WEST has been the topic of a number of research reports. Telsey Advisory Group reissued an "outperform" rating and issued a $9.00 price objective on shares of Westrock Coffee in a research note on Tuesday, May 6th. Stifel Nicolaus cut their price objective on Westrock Coffee from $12.00 to $10.00 and set a "buy" rating for the company in a research report on Thursday, April 24th. Wall Street Zen downgraded Westrock Coffee from a "hold" rating to a "sell" rating in a research report on Friday, June 27th. Finally, Benchmark reissued a "buy" rating and issued a $10.00 price target on shares of Westrock Coffee in a report on Wednesday, April 16th.

Insider Buying and Selling

In related news, Director Joe T. Ford acquired 25,000 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were acquired at an average cost of $7.44 per share, for a total transaction of $186,000.00. Following the acquisition, the director directly owned 371,445 shares in the company, valued at approximately $2,763,550.80. The trade was a 7.22% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders bought 105,000 shares of company stock valued at $782,400. 42.10% of the stock is owned by insiders.

Institutional Investors Weigh In On Westrock Coffee

A number of institutional investors have recently bought and sold shares of WEST. Rhumbline Advisers grew its stake in shares of Westrock Coffee by 3.4% during the 1st quarter. Rhumbline Advisers now owns 45,787 shares of the company's stock valued at $331,000 after buying an additional 1,510 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Westrock Coffee by 10.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 21,292 shares of the company's stock worth $154,000 after acquiring an additional 2,003 shares during the last quarter. AQR Capital Management LLC purchased a new position in shares of Westrock Coffee in the 1st quarter worth about $166,000. State of Wyoming acquired a new position in shares of Westrock Coffee in the 1st quarter valued at about $62,000. Finally, Trexquant Investment LP purchased a new stake in shares of Westrock Coffee during the 1st quarter worth about $83,000. 45.08% of the stock is currently owned by hedge funds and other institutional investors.

Westrock Coffee Price Performance

WEST traded up $0.21 on Wednesday, hitting $6.15. 304,260 shares of the company were exchanged, compared to its average volume of 281,855. Westrock Coffee has a fifty-two week low of $5.28 and a fifty-two week high of $10.19. The company has a debt-to-equity ratio of 5.69, a quick ratio of 0.57 and a current ratio of 1.18. The firm has a market capitalization of $582.04 million, a P/E ratio of -6.76 and a beta of 0.51. The business's fifty day moving average is $6.57 and its 200 day moving average is $6.49.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of ($0.17) by ($0.05). The firm had revenue of $213.80 million during the quarter, compared to analysts' expectations of $213.85 million. Westrock Coffee had a negative net margin of 9.61% and a negative return on equity of 41.92%. As a group, sell-side analysts anticipate 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.