Westrock Coffee Company (NASDAQ:WEST) Given Consensus Recommendation of "Buy" by Brokerages

Key Points

• Westrock Coffee Company has received an average consensus rating of "Buy" from five equity research firms, with an average twelve-month price target of $10.60.
• Director Joe T. Ford purchased 5,000 shares of Westrock Coffee at an average price of $5.30 per share, enhancing his total holdings to 413,916 shares.
• In the second quarter, institutional investors significantly increased their stakes in Westrock Coffee, with Jane Street Group LLC growing its position by 1,019.7%.

Shares of Westrock Coffee Company (NASDAQ:WEST - Get Free Report) have been given an average recommendation of "Buy" by the five ratings firms that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a buy rating. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $10.60.

Several equities analysts have weighed in on the company. Wall Street Zen upgraded Westrock Coffee from a "sell" rating to a "hold" rating in a report on Friday, August 22nd. Telsey Advisory Group reaffirmed an "outperform" rating and issued a $10.00 price target on shares of Westrock Coffee in a research report on Tuesday, August 5th.

Insider Activity

In other Westrock Coffee news, Director Joe T. Ford purchased 5,000 shares of the stock in a transaction dated Tuesday, September 2nd. The shares were bought at an average cost of $5.30 per share, with a total value of $26,500.00. Following the completion of the transaction, the director owned 413,916 shares in the company, valued at $2,193,754.80. This trade represents a 1.22% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 27.70% of the company's stock.

Institutional Investors Weigh In On Westrock Coffee

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Engineers Gate Manager LP grew its position in shares of Westrock Coffee by 13.7% in the second quarter. Engineers Gate Manager LP now owns 35,215 shares of the company's stock valued at $202,000 after purchasing an additional 4,239 shares during the last quarter. Jane Street Group LLC grew its position in Westrock Coffee by 1,019.7% during the second quarter. Jane Street Group LLC now owns 116,451 shares of the company's stock worth $667,000 after buying an additional 106,051 shares in the last quarter. Raymond James Financial Inc. grew its position in Westrock Coffee by 30.6% during the second quarter. Raymond James Financial Inc. now owns 151,046 shares of the company's stock worth $865,000 after buying an additional 35,365 shares in the last quarter. Marshall Wace LLP acquired a new stake in Westrock Coffee during the second quarter worth about $104,000. Finally, EverSource Wealth Advisors LLC grew its position in Westrock Coffee by 199.0% during 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 in the last quarter. 45.08% of the stock is owned by institutional investors and hedge funds.

Westrock Coffee Price Performance

NASDAQ WEST opened at $5.36 on Monday. Westrock Coffee has a fifty-two week low of $5.04 and a fifty-two week high of $8.29. The stock's 50-day moving average is $6.24 and its two-hundred day moving average is $6.40. The company has a debt-to-equity ratio of 23.42, a current ratio of 1.04 and a quick ratio of 0.50. The firm has a market cap of $507.65 million, a P/E ratio of -5.70 and a beta of 0.51.

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

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