Westrock Coffee Company (NASDAQ:WEST) Receives $10.40 Consensus Price Target from Analysts

Shares of Westrock Coffee Company (NASDAQ:WEST - Get Free Report) have been assigned an average recommendation of "Buy" from the five analysts that are covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have covered the stock in the last year is $10.40.

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

Westrock Coffee Stock Up 4.2%

WEST traded up $0.26 during trading on Wednesday, hitting $6.41. The company had a trading volume of 300,372 shares, compared to its average volume of 311,458. The company has a market cap of $606.64 million, a PE ratio of -7.04 and a beta of 0.51. The business has a 50-day moving average of $6.60 and a 200-day moving average of $6.48. The company has a debt-to-equity ratio of 5.69, a current ratio of 1.18 and a quick ratio of 0.57. Westrock Coffee has a 1-year low of $5.28 and a 1-year high of $10.17.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.05). The company had revenue of $213.80 million during the quarter, compared to analyst estimates 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, analysts forecast that Westrock Coffee will post -0.3 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Joe T. Ford purchased 25,000 shares of the stock in a transaction dated Thursday, May 15th. The stock was acquired at an average price of $7.44 per share, for a total transaction of $186,000.00. Following the completion of the transaction, the director owned 371,445 shares of the company's stock, valued at approximately $2,763,550.80. The trade was a 7.22% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have acquired a total of 105,000 shares of company stock worth $782,400 in the last three months. 42.10% of the stock is owned by insiders.

Hedge Funds Weigh In On Westrock Coffee

Several institutional investors have recently modified their holdings of the company. Rhumbline Advisers grew its position in shares of Westrock Coffee by 3.4% during the first quarter. Rhumbline Advisers now owns 45,787 shares of the company's stock worth $331,000 after acquiring an additional 1,510 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 bought a new position in shares of Westrock Coffee during the first quarter worth about $166,000. State of Wyoming bought a new position in shares of Westrock Coffee during the first quarter worth about $62,000. Finally, Trexquant Investment LP bought a new position in shares of Westrock Coffee during the first quarter worth about $83,000. Institutional investors own 45.08% of the company's stock.

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.