Westrock Coffee Company (NASDAQ:WEST) Receives Average Rating of "Buy" from Analysts

Key Points

• Westrock Coffee Company (NASDAQ:WEST) has received a consensus rating of "Buy" from five analysts, with an average price target of $10.40 for the next 12 months.
• Insider transactions include Director Joe T. Ford purchasing 70,000 shares at an average cost of $7.47 per share, increasing his ownership by 25.32%.
• The company's stock has a market capitalization of $671.94 million and reported a negative EPS of ($0.22) for its latest quarterly earnings, missing analyst expectations.

Shares of Westrock Coffee Company (NASDAQ:WEST - Get Free Report) have received an average recommendation of "Buy" from the five analysts that are presently covering the company, Marketbeat Ratings reports. Five investment analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have covered the stock in the last year is $10.40.

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

Westrock Coffee Stock Up 0.8%

Westrock Coffee stock traded up $0.06 during trading hours on Friday, hitting $7.16. The company had a trading volume of 272,222 shares, compared to its average volume of 285,838. Westrock Coffee has a fifty-two week low of $5.28 and a fifty-two week high of $10.17. The company has a debt-to-equity ratio of 5.69, a current ratio of 1.18 and a quick ratio of 0.57. The firm has a market capitalization of $677.63 million, a P/E ratio of -7.87 and a beta of 0.51. The firm's fifty day moving average is $6.57 and its 200-day moving average is $6.48.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last announced its quarterly earnings data 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). Westrock Coffee had a negative return on equity of 41.92% and a negative net margin of 9.61%. The firm had revenue of $213.80 million for the quarter, compared to analysts' expectations of $213.85 million. On average, research analysts forecast that Westrock Coffee will post -0.3 earnings per share for the current year.

Insider Buying and Selling at Westrock Coffee

In other Westrock Coffee news, Director Joe T. Ford bought 70,000 shares of the stock in a transaction on Wednesday, May 14th. The shares were purchased at an average price of $7.47 per share, with a total value of $522,900.00. Following the acquisition, the director directly owned 346,445 shares of the company's stock, valued at $2,587,944.15. This represents a 25.32% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders bought 105,000 shares of company stock worth $782,400. 42.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Westrock Coffee

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets acquired a new stake in shares of Westrock Coffee during the 4th quarter worth approximately $37,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Westrock Coffee during the 4th quarter valued at about $47,000. HHM Wealth Advisors LLC increased its stake in Westrock Coffee by 130.9% in the first quarter. HHM Wealth Advisors LLC now owns 8,080 shares of the company's stock valued at $58,000 after acquiring an additional 4,580 shares during the period. State of Wyoming acquired a new position in Westrock Coffee in the first quarter worth about $62,000. Finally, Virtu Financial LLC bought a new position in Westrock Coffee during the fourth 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.