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

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%.

Westrock Coffee Company (NASDAQ:WEST - Get Free Report) has been given a consensus recommendation of "Buy" by the five ratings firms that are covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a buy recommendation. The average 1 year price objective among brokers that have covered the stock in the last year is $10.60.

A number of research analysts have commented on the stock. Telsey Advisory Group restated an "outperform" rating and set a $10.00 price target on shares of Westrock Coffee in a research note on Tuesday, August 5th. Wall Street Zen raised shares of Westrock Coffee from a "sell" rating to a "hold" rating in a report on Friday, August 22nd.

Insider Buying and Selling at Westrock Coffee

In other news, Director Joe T. Ford acquired 5,000 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was bought at an average price of $5.30 per share, with a total value of $26,500.00. Following the completion of the acquisition, the director owned 413,916 shares in the company, valued at approximately $2,193,754.80. This represents a 1.22% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 27.70% of the company's stock.

Institutional Trading of Westrock Coffee

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of Westrock Coffee by 4.9% in the first quarter. Vanguard Group Inc. now owns 2,950,639 shares of the company's stock valued at $21,304,000 after purchasing an additional 137,646 shares in the last quarter. Millennium Management LLC increased its holdings in shares of Westrock Coffee by 198.9% in the fourth quarter. Millennium Management LLC now owns 589,450 shares of the company's stock valued at $3,784,000 after purchasing an additional 392,214 shares in the last quarter. Northern Trust Corp boosted its stake in Westrock Coffee by 2.3% in the fourth quarter. Northern Trust Corp now owns 300,712 shares of the company's stock valued at $1,931,000 after acquiring an additional 6,762 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Westrock Coffee by 2.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 290,306 shares of the company's stock valued at $2,096,000 after acquiring an additional 5,653 shares during the last quarter. Finally, DAVENPORT & Co LLC boosted its stake in Westrock Coffee by 8.0% in the second quarter. DAVENPORT & Co LLC now owns 263,925 shares of the company's stock valued at $1,512,000 after acquiring an additional 19,455 shares during the last quarter. Institutional investors and hedge funds own 45.08% of the company's stock.

Westrock Coffee Price Performance

WEST traded up $0.02 during midday trading on Monday, reaching $5.08. 807,599 shares of the company's stock were exchanged, compared to its average volume of 629,430. The firm has a market capitalization of $481.13 million, a price-to-earnings ratio of -5.40 and a beta of 0.51. The company has a quick ratio of 0.50, a current ratio of 1.04 and a debt-to-equity ratio of 23.42. Westrock Coffee has a one year low of $4.99 and a one year high of $8.29. The business has a 50-day simple moving average of $6.13 and a two-hundred day simple moving average of $6.36.

Westrock Coffee (NASDAQ:WEST - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.12) EPS for the quarter, topping analysts' consensus estimates of ($0.14) by $0.02. The firm had revenue of $280.86 million during the quarter, compared to analysts' expectations of $238.34 million. Westrock Coffee had a negative net margin of 9.28% and a negative return on equity of 64.79%. As a group, research analysts predict that Westrock Coffee will post -0.3 EPS for the current year.

About Westrock Coffee

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.